B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
“This will seriously impact inheritances for many middle- and lower-income Americans,” said one adviser. <b><i>(More: <a href="//www.investmentnews.com/article/20160922/FREE/160929969/republican-lawmakers-attempt-to-stop-estate-tax-regulation" target=""_blank"" rel="noopener">Republican lawmakers attempt to stop estate-tax regulation</a>)</i></b>
Filing late used to be difficult and costly to correct, but new rule alleviates a lot of the pain.
Health-care costs are “the great unknown of retirement” for many advisers.
Introduction of bill to kill Treasury's rule curbing tax-planning strategies comes as Hillary Clinton announces an increase to her top estate-tax rate.
A new study identifies how much, on average, is all right to spend without first talking to your partner.
The retirement industry has increasingly called for open MEPs as a way to close the coverage gap in the private sector, and recent congressional moves make them a strong likelihood.
Multiple studies have found that about two-thirds of all divorces are initiated by women.
Senate panel urges agency to improve guidance on when to claim benefits after a study by the Government Accountability Office showed government representatives often give out misleading information.
Legislation also would require defined-contribution plans to make lifetime income disclosures, and allow small employers to combine plans.
Selection process will be like a suitability standard on steroids, requiring an analysis like those done by a financial planner.
Senate panel urges agency to improve guidance on when to claim benefits after a study by the Government Accountability Office showed government representatives often give out misleading information.
The funds are more flexible than annuities, but can't guarantee a set payment for life.
We need to be candid about the realities facing today's pre-retirees.
Longevity, rising costs make preparing a solid health-care budget next to impossible. <b>(Related read: <a href="//www.investmentnews.com/article/20160413/BLOG05/160419958/health-care-costs-squeeze-retirement-savings"" target=""_blank"" rel="noopener">Health-care costs squeeze retirement savings</a>)</b>
Make sure clients are accessing their accounts or otherwise taking steps that would deem their accounts active.
But high-income retirees might pay more, get less.
In some traditionally expensive housing markets, higher incomes were outflanked by rising housing costs.
Voya allegedly took a "substantial portion" of the fee charged for investment advice, even though Financial Engines did the bulk of the work.
