Advisers urged to tackle clients' political concerns | Advisers urged to tackle clients' political concerns | Research: Social Security cuts may have little impact on private saving
June 23, 2017
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Advisers urged to tackle clients' political concerns
President Donald Trump (Getty Images)
Advisers urged to tackle clients' political concerns
An adviser survey conducted by Hartford Funds revealed 62% of respondents said client anxiety, particularly when fueled by geopolitical events, has resulted in poor investment decisions within the past year. John Diehl of Hartford Funds said it is vital for advisers to start a conversation with clients about such fears and points out three key issues to address.
ThinkAdvisor (free registration) (6/22) 
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Research: Social Security cuts may have little impact on private saving
Changes in Social Security over the years might have done little to influence how people save for retirement, possibly because they lack awareness of how their benefits are changing, according to a working paper by four economists. "Since payroll taxes are deducted immediately from individuals' paychecks ... a tax increase is likely to be more salient and well-understood than a benefit cut," the economists write.
ThinkAdvisor (free registration) (6/21) 
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Advisers discuss mortgage payoff before retirement
House
(Pixabay)
Advisers and planners weigh in on pros and cons of paying off a mortgage before retirement. They acknowledge doing so reduces financial stress but discourage use of retirement savings for this purpose.
CNBC (6/22) 
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Schwab: Wealth management for all wage groups
American ideas of wealth, what it means and how to attain it are changing, requiring a paradigm shift in the wealth-management industry, Schwab Investor Services executives say. To this end, the company has developed the Modern Wealth Index to track Americans' wealth-management skills and help them meet their goals regardless of their total wealth.
ThinkAdvisor (free registration) (6/21) 
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Market Trends
Collective investment trusts gain favor with 401(k)s
Collective investment trusts, which many large 401(k)s use, are gaining popularity with smaller plans, too, largely because they offer significant cost advantages. Greg Iacurci outlines benefits and drawbacks of these trusts.
InvestmentNews (tiered subscription model) (6/21) 
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Financial Literacy
10 ideas to improve financial wellness
Financial wellness has potential to increase productivity and reduce costs for employers and deliver a valuable service to employees, and 77% percent of employers are planning to offer at least one form of financial support this year. This article offers 10 insights for improving program design and effectiveness, including broadening the definition of financial wellness beyond retirement and having a strategy in place to target each aspect of that definition, focusing on personalized support versus a one-size-fits-all approach, providing opportunities for skill and confidence building, and crafting messages to inspire hope.
BenefitsPro (6/21) 
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On the Economy
Sales of existing homes in US rebound; prices jump
Sales of previously owned homes in the US in May recovered from a sharp decline in April, and strengthening demand from homebuyers drove up the prices sellers were able to demand, the National Association of Realtors said. Sales rose 1.1%, and the median selling price surged 5.8%.
Forbes (6/21) 
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The Adviser-Client Relationship
What advisers should disclose about socially responsible investing
Appetite for socially responsible investing is growing as millennials mature. But advisers should encourage clients to review the financial viability of any investment to avoid costly mistakes, write Jane King and Caroline Hedges of Fairfield Financial Advisors.
ThinkAdvisor (free registration) (6/21) 
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Anyone can hold the helm when the sea is calm.
Publilius Syrus,
writer
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