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February 5, 2013
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Financial and wealth management news for the retirement community

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  • Survival strategies for tough financial times
    Experts disagree about how to prioritize spending if you are struggling to staying afloat financially. CPA Kelley Long suggests making the payment that affects you the most in the long run. "How will [the decision] affect the next 10 minutes? Ten months? Ten years? Whichever outcome has the better effect on the 10 month or 10 years should be the one you choose," Long says. U.S. News & World Report (2/1) LinkedInFacebookTwitterEmail this Story
  On the Economy 
  • Some types of loans are easier to get now, Fed says
    U.S. banks are narrowing profit margins and loosening auto-loan requirements to bring in more business, the Federal Reserve said. Consumer demand for car loans is up from October, but home mortgage applications are flat, the central bank said. Banks told the Fed that they aren't significantly relaxing credit standards for business loans or commercial real estate loans. USA Today (2/4) LinkedInFacebookTwitterEmail this Story
  Building Your Practice 
  • Broker-dealers explore ways to attract advisers
    The future of the broker-dealer industry was high on the discussion agenda at the OneVoice conference last week. It was noted that broker-dealers are exploring ways to lure advisers, including offering practice-management departments and funds to buy practices. "It's more about partnerships -- it's not just about service. It is not enough to just process business and supervise it," said Jon Henschen of Henschen & Associates. Financial Advisor online (1/31) LinkedInFacebookTwitterEmail this Story
  Financial Products 
  • Proper use of alternative investments requires education, experts say
    Alternative investments are attracting the interest of investors, but they present challenges for financial advisers, says Erik Johnson of Johnson Advisory. "One of the challenges is education and categorizing where the different alternatives fall so that we can be sure to use them appropriately," Johnson says. A conference provided information on risk exposure and optimal allocation of such investments, Johnson says. Financial Advisor online (2/4) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Our business in life is not to succeed, but to continue to fail in good spirits."
--Robert Louis Stevenson,
Scottish novelist, poet and essayist


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