Slowly but surely, fee-based and fee-only advisers are beginning to warm up to variable annuities.
In the proposed 2013 budget released today, Obama reprised his call to cap deductions, including tax-exempt interest, for families earning more than $250,000 a year.
Advisers unable to meet fiduciary obligation to clients with reduced capacity; 'document, document, document'
Housing values down 3.7% in November in 20 major cities; 'a turn for the worse'
Increased longevity and the Great Recession are making Baby Boomers reassess the normal retirement age
Community and regional banks nabbing clients from wirehouses and larger financial institutions; 'easy to buy assets'
But ex-broker refutes claim, says clients performed their own due diligence
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
In a speech delivered to a group of private investors on Feb. 15, Robert Rodriguez, managing partner and CEO of First Pacific Advisors, warned of ongoing market instability if the federal government doesn't make “credible and material fiscal reforms” by the end of 2013.
Out-of-pocket costs on drugs and medical insurance are the second-most-costly item for older folks.
