Rewiring the Financial Planning Profession

May 7, 2018
By:
Jamie Hopkins

With stories of the Department of Labor Fiduciary rule breaking almost daily over the past three years, the news cycle will finally be shifting its focus to the SEC fiduciary rule as the DOL rule appears expiring. However, the DOL rule was one minor episode of a long transition towards a fiduciary model of financial planning.

True or False: Test Yourself on Social Security Basics

May 2, 2018
By:
Jamie Hopkins

Social Security is arguably the most important retirement program in the United States. For a secure retirement, it is critical that those near and in retirement understand how their Social Security benefits work. Unfortunately, research shows that many people don't.

Most Americans Don't Invest In Stocks For Retirement, But Still Fear Next Market Downturn

May 2, 2018
By:
Jamie Hopkins

Retirement is just around the corner for many baby boomers, but most are not feeling very confident about their retirement preparedness according to a Bankers Life Center for Secure Retirement research report. According to the report, less than one-third (31 percent) of middle-income boomers feel prepared for retirement and lower income boomers feel even less prepared.

Relocating In Retirement: Don't Make These Common Mistakes

April 26, 2018
By:
Jamie Hopkins

While most Americans show a desire to age in place, retirement can also be the ideal time to sell your home and relocate or downsize. Kids are typically grown up and moved out of the home, and the need to be close to work is gone, so many seniors use retirement as a catalyst for relocating.

Long-Term Care Planning Misconceptions Are Holding Back Advisors And Consumers

April 11, 2018
By:
Jamie Hopkins

A recent webinar conducted for National Retirement Planning Week with experts from Lincoln Financial, the Insured Retirement Institute, and The American College of Financial Services looked at the importance of engaging in long-term care planning as part of designing a secure retirement plan.

Researchers Say Reverse Mortgages Deserve A Second Look

March 30, 2018
By:
Jamie Hopkins

What’s the deal with reverse mortgages? This question was addressed in a recent Housing Wealth in Retirement Symposium held on March 23, 2018, in Washington, DC. The event was co-hosted by The American College of Financial Services and the Bipartisan Policy Center.

Appellate Court Deals Fiduciary Financial Advice Rule Major Blow

March 16, 2018
By:
Jamie Hopkins

The Department of Labor’s expanded fiduciary advice rule has not had an easy life. In fact, it hasn’t really ever had a life and may never after the latest setback. The Fifth Circuit Court of Appeals completely vacated the rule in a split decision announced late Thursday afternoon.

Tax Reform Provides Boost To Small Business Retirement Plans

March 12, 2018
By:
Jamie Hopkins

The Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump near the end of 2017 and it mostly took effect in 2018. While the TCJA impacts almost every single individual taxpayer to some degree, the changes also significantly impact corporations and small businesses.

As Tax Season Approaches, Don't Forget About Bitcoin and Cryptocurrencies

February 26, 2018
By:
Jamie Hopkins

Cryptocurrencies are all the rage today, but come tax season they might only cause you rage. The reality is that one driving force behind cryptocurrency development was a desire to be outside the view, control, and domain of governments. However, they cannot escape the IRS.

Incorporating Digital-Asset Planning Into Estate Planning

February 23, 2018
By:
Jamie Hopkins

Technology has been the great disrupter for hundreds of years and that continues to hold true today. Estate planning is being challenged by technology. Today, individuals can create wills and trusts online without ever meeting an attorney. However, these services, forms, and documents often leave much to be desired.

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