Advisers' tips on forming client relationships | Burnout is the latest employment crisis | Comfortable retirement savings is $1M, say 37% of Americans
March 22, 2017
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Best Business Practices
Advisers' tips on forming client relationships
Handshake
(John Moore/Getty Images)
Making the first move to establish a relationship is a crucial part of any adviser's business. Several advisers share how they go about breaking the ice with prospective clients.
Financial-Planning.com (3/20) 
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Burnout is the latest employment crisis
Burnout is the new employment crisis
(Pixabay)
Longer work hours, increased stress and low pay raises are creating an employee-burnout crisis, according to a recent study. Employers can ease burnout, which accounts for as much as 50% of attrition, by implementing flexible schedules, encouraging employees to take vacations and promoting wellness.
Quartz (3/20) 
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Prospects, Products and Market Trends
Comfortable retirement savings is $1M, say 37% of Americans
The latest survey from the Employee Benefit Research Institute shows that 37% of American workers estimate they would need at least $1 million to ensure a carefree retirement, compared with 19% who quoted that figure a decade ago. However, the survey also noted that the estimates are closely correlated to the respondent's current level of income.
Financial Advisor online (3/21) 
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Expert: Wellness plans to be more consumer-driven under Trump
Employee wellness plans grew during the Obama administration and will continue to be popular under the Trump administration because people understand their effect individually and on health costs, said Mary Coleman at Centura Health in Colorado. She predicts wellness plans will be consumer-driven, not politically driven, going forward.
HealthLeaders Media (3/20) 
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Policy and the Health Care Landscape
House pushes toward health care vote
House Republican leaders sought support to pass their health care overhaul. White House officials said 20 to 25 GOP representatives were opposed or undecided, and the measure would not pass if 22 vote "no."
The Associated Press (3/22) 
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American Health Care Act faces opposition over Medicaid cuts
The Republican-backed American Health Care Act is receiving criticism over its proposed cut of $880 billion from Medicaid. A trade group and some Republican governors are among those expressing concerns.
Bloomberg (3/21) 
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Medicaid overhaul will put pressure on state budgets, LTC assistance
If it becomes law, the American Health Care Act will fundamentally change Medicaid, offering states either per capita or block grant funding, and eliminating the open-ended funding states now have for the program, which is a major source of long-term-care support for low-income seniors. Regardless of which approach states choose, observers say budgets would be squeezed and services scaled back as a result.
Kaiser Health News (3/22) 
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Judge won't grant injunction blocking fiduciary rule
US District Judge Barbara Lynn has denied a motion seeking an injunction to prohibit the Labor Department from enforcing its fiduciary rule while opponents appeal a ruling that upholds the legality of the rule. Lynn said plaintiffs had failed to satisfy any legal test to justify an injunction pending appeal.
ThinkAdvisor (free registration) (3/21),  WealthManagement.com (U.S.) (3/21),  InvestmentNews (tiered subscription model) (3/21) 
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Health Insurance Plan Company News
AHIP News
What it takes to improve provider directories
AHIP's provider directory initiative highlighted the complexity of maintaining up-to-date provider directories. AHIP learned that accurate provider directory information depends on strong partnerships between doctors and health plans and that health plans must be flexible in how they gather information. Check out the issue brief for more key findings.
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Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned.
Buddhaghosa,
religious scholar
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