| Financial and wealth management news for the retirement community |  |
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- More Americans approach retirement with student loans unpaid
Americans age 60 and older owe about $36 billion for student loans, and more than 10% of the debt is delinquent, according to the Federal Reserve Bank of New York. Debt collectors routinely pursue borrowers older than 80 for loans that are decades old, and Social Security benefits have been garnished to collect the debt, consumer advocates say. The Washington Post
(4/1)     
| Industry Update | | |
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- Commentary: 401(k) disclosures need greater detail
Fee disclosures that will take effect this year won't give 401(k) participants enough useful information, writes Tom Gonnella of Lincoln Trust, who is a board member of the Council of Independent 401(k) Recordkeepers. Participants should get a personalized expense ratio and some context for fees, he writes. "Because this likely will be the first time that participants have seen these fees, they will have no idea whether their fees are reasonable," Gonnella writes. InvestmentNews (free registration)
(4/1)
- What to consider when using rentals as a retirement-income strategy
Some near-retirees are renting out homes they plan to eventually retire in, and experts say the strategy can pay off if approached wisely. They suggest creating a reserve fund of $10,000 for each rental, hiring a property manager and making sure rental income will cover the mortgage, taxes, insurance and extras. Fox Business
(3/30)
| Financial Literacy | | |
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| On the Economy | | |
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- Consumer spending in Feb. was highest in 7 months
Consumer spending increased 0.8% in February, the highest figure in seven months, as Americans became more confident because of the improving job market, the Commerce Department reported. "Consumer spending is going to hold its ground," said Chris Christopher Jr. of IHS Global Insight. Bloomberg
(3/30)
| Building Your Practice | | |
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- How to build your business by hosting webinars
A well-designed webinar can help you to attract new business for your company, Kathryn Hawkins writes. To put on a successful webinar, choose a topic that will provide value to your audience and practice your delivery. Also, spread the word about your webinar via e-mail and social media, she recommends. Intuit Small Business Blog
(3/29)
| Financial Products | | |
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- Commentary: Investors in gold are forgoing income
Investors who are looking to gold as a safe haven essentially are giving up future income, Ronald DeLegge writes. "Observant financial advisors should be quick to point out this predicament to retirees who have converted to the goldbug religion," DeLegge writes. "If generating income is their primary financial goal, why are they overleveraged in non-income producing assets like gold?" AdvisorOne
(3/30)
| SmartQuote | | |
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 | There is absolutely no inevitability as long as there is a willingness to contemplate what is happening."
--Marshall McLuhan,
Canadian educator, philosopher and scholar
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