Letters to the editor: January 7

Jan 6, 2013 @ 12:01 am

Great Retirement 2.0 blog post by Mary Beth Franklin (“Why singles should not claim Social Security at 66,” InvestmentNews.com, Dec. 19).

Many of us at our firm chat about her retirement-planning articles, as they are thought-provoking.

As a financial adviser to a great number of singles and same-sex couples (who for federal benefits are considered single even if they are married), I deal with the “single” issue all the time. Some of my clients have even mentioned to me that they have read articles about joint strategies, and I remind them that for Social Security purposes, they aren't married.

Surely, I come up with joint strategies for their retirement income streams like any other couple knowing that not every benefit is available to them. But thanks for writing about a topic that isn't covered enough: single Social Security beneficiaries.

John H. LeBlanc

Principal and wealth manager

Modera Wealth Management LLC

Boston

The article “Do you know where (else) your clients are?” (InvestmentNews.com, Dec. 19) was very interesting.

Within my practice, I make sure that my clients know I don't need to manage every asset they own.

However, in order to put together the best financial and retirement plan for them, I at least need to know about each investment account.

That way, I can include it in the analysis and asset allocation model.

Each quarter, I request the statement and update the numbers. I may even add a touch of value from time to time by commenting on holdings.

Clients with other brokerage accounts or financial advisers are welcome here within my practice. As long as other professionals are on the same page as me and my financial planning clients, there are never any problems.

Timothy M. Heidenberg

Financial adviser

Ameriprise Financial Services Inc.

Columbia, Md.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

What's the first thing advisers should do when they get home from a conference?

After attending a financial services conference, advisers can be overwhelmed by options, choices and tools. What's the first thing they should do when they get back to their office?

Latest news & opinion

8 apps advisers love for getting stuff done

Smartphone apps that advisers are using in 2018 to run their business more efficiently.

Galvin's DOL fiduciary rule enforcement triggers industry plea for court decision

Plaintiffs warned the Fifth Circuit that Massachusetts' move against Scottrade signaled that the partially implemented regulation can raise costs for financial firms.

Social Security underpaid 82% of dually entitled widows and widowers

Agency failed to tell survivors that they could switch to a higher retirement benefit later.

Is Fidelity competing with retirement plan advisers?

As the Boston-based mutual fund giant expands the products and services it brings to the retirement market, some financial advisers say the firm is encroaching on their turf.

Gun violence hits investment strategies, sparks political debates with advisers

Screening out weapons companies has limited downside.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print