Over the past two weeks, InvestmentNews hosted its 14th annual (and first virtual) Retirement Income Summit. Having had the opportunity to moderate and host this collection of leading investment minds, I wanted to share my takeaways for advisers and their clients as we look at retirement planning now.
First, and foremost, communication must change. The consistent message over the four days, from a variety of voices, was that the key to success for clients planning for retirement and those living in retirement is a regular cadence that allows questions to be asked and new information to be shared.
Second, while I hate clichés and catchphrases, the current environment does provide the opportunity for a “retirement reset.” That phrase serves as an umbrella for a host of factors affecting retirement, including ultra-low interest rates hitting income planning. And the job market has moved up the decision on when to retire for those losing their jobs and retiring earlier than anticipated. Meanwhile, others with jobs but unanticipated financial insecurity are now looking at working longer.
Everyone — clients and advisers alike — needs to look at retirement with a fresh eye.
Finally, RIS reminded us all that the SECURE Act is still out there — that was a massive change that dominated the first months of 2020. Michael Kitces spent nearly 90 minutes breaking it down in his presentation and Q&A. Check out our coverage on pages 12 and 13. Enjoy!
The firm's latest additions, led by a second-generation financial advisor, are striking out via its Linsco employee advisor channel.
The Fidelity-owned fintech aims to help advisors connect with mass market and mass affluent prospects with single-goal conversations.
The prospective chair of the agency has pledged to shed conflicted interests and "return common sense to the SEC."
'If I were on the side of Alpine Securities, I’d put all my eggs in the federal court,' one attorney said.
If approved, the proposed revisions would achieve outcomes similar to the existing process while reducing the burden of oversight.
Participants who receive professional 401(k) advice see higher returns on average, net, than those who don't.
This wealth management platform finally delivers on the technology promises other firms couldn't - giving advisors a better way to scale and serve
