Labor Secretary Acosta Concedes Fiduciary Rule Cannot Be Legally Stopped Before June 9th

May 23, 2017
By:
Jamie Hopkins

It looks like the wait is finally over as Labor Secretary Alexander Acosta stated in an opinion piece for The Wall Street Journal today that the Department of Labor has “found no principled legal basis to change the June 9 date.”

Most Estate Plans Aren't Dealing with Digital Assets Properly

May 11, 2017
By:
Jamie Hopkins

Estate planning is an unpopular topic because it often deals with the harsh realities of loss and death. Far too many people do not have an updated estate plan that meets their current needs, goals or desires. However, having a written estate plan in place is crucial to protecting your client's family, wealth and their own peace of mind.

The Effect of Low Reverse Mortgage Literacy on Usage of Home Equity in Retirement Income Plans

May 1, 2017
By:
Jamie Hopkins

This article is designed to help financial advisers better understand the potential knowledge level and desires of their clients with regard to reverse mortgages and home equity as a retirement income source.

Americans Fail Retirement Planning Literacy Quiz, Low Literacy Linked to Poor Planning

May 8, 2017
By:
Jamie Hopkins

Americans nearing and in retirement don’t know enough about retirement income planning according to a new survey by The American College of Financial services, as roughly 75% of survey respondents failed the 38-question retirement planning quiz.

Why Life Insurance is Essential for Retirement Planning

April 27, 2017
By:
Jamie Hopkins

Many people do not view life insurance as an essential and vital part of a retirement income plan. They see life insurance primarily as a way to protect families from the early loss of a breadwinner during the working years. However, life insurance has the potential to be so much more if properly utilized in a comprehensive retirement income plan.

How Your House Can Help Pay For Retirement

April 24, 2017
By:
Jamie Hopkins

The baby boomer generation is facing a retirement income shortfall. This is no surprise if you take a look at how much money the average retiree has saved for retirement. According to U.S. census data, the average 65-year-old couple has about $100,000 saved for retirement.

Family-Responsibility Laws Could Cost Your Clients

April 22, 2017
By:
Jamie Hopkins

Are you aware of filial-responsibility laws? You should be. Such laws, which exist in 28 states, aim to hold family members financially responsible for other family members. For instance, under a filial-responsibility law, children can be held responsible for their mother and father’s nursing-home costs.

7 Key Points To Follow With Trump's Tax Reform

April 10, 2017
By:
Jamie Hopkins

With health care reform potentially on the back burner, President Trump and Congress will begin to shift some focus onto tax reform. Tax reform, according to a number of polls, is supported by the majority of United States citizens.

Under Trump The Future Of Fiduciary Rule Is Uncertain As DOL Delays Rule

April 6, 2017
By:
Jamie Hopkins

Since the mid-1970s a “fiduciary” standard of care has been required for some individuals that render investment advice to retirement plans. The purpose of the rule is to protect consumers by requiring that the investment advisor acts in the best interest of their client and avoids conflicts of interest.

Can You Pass This Basic 6 Question Retirement Planning Quiz? Most Americans Can't

April 3, 2017
By:
Jamie Hopkins

National Retirement Planning Week® 2017 kicks off this week, from April 3rd to April 7th. It is a national effort to help consumers better focus on their financial needs in retirement. Doing their part to help improve the retirement security of Americans this week, the New York Life Center for Retirement Income released a six-question Retirement Income Literacy Quiz.

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