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- "Fiscal cliff" could be much worse than predicted, economists say
Economists at the International Monetary Fund and academic institutions say damage by the "fiscal cliff" to the U.S. economy could be far worse than the Congressional Budget Office predicted. IMF research indicates that when interest rates are low, every $1 of deficit reduction drains as much as $1.70 from the global economy. Reuters
(10/28)     
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Nearly 1M jobs already lost because of "fiscal cliff," study finds: With the "fiscal cliff" still two months away, the U.S. is already losing nearly 1 million jobs as employers lay off workers, delay purchases and leave vacant positions empty, according to a study by the National Association of Manufacturers. If Congress fails to head off spending cuts and tax hikes scheduled to take effect Jan. 1, nearly 6 million jobs will disappear through 2014 and the jobless rate will rise close to 12%, the study concluded. The Washington Post
(10/25)
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- FPA's Barry makes election forecasts
Republicans should hold the House of Representatives, the presidential election is a toss-up, and whichever party takes the Senate will have the narrowest of margins, writes Dan Barry, managing director of government relations and public policy for the Financial Planning Association. "There are countless financial services regulatory issues that could be taken up in the next Congress, including some that we can't predict. Expect a heavy Dodd-Frank focus and maybe a couple of wildcards," he writes. AdvisorOne
(10/25)
- Speculation begins on who will replace SEC's Schapiro
Securities and Exchange Commission Chairman Mary Schapiro is expected to step down after the election. If President Barack Obama is re-elected, Mary Miller, Treasury undersecretary for domestic finance, and Harvey Goldschmid, a Columbia University law professor, are leading candidates for the post. If Republican challenger Mitt Romney wins, current SEC Commissioner Daniel Gallagher and former commissioners Paul Atkins and Kathleen Casey are considered to be top prospects for the job. InvestmentNews (free registration)
(10/28)
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- How to sell annuities to women
A "one-size-fits-all" marketing approach for annuities won't work for women, who control 51.3% of the U.S.'s wealth, Daniel Williams writes. Women represent niches with distinct interests, and those groups include business owners, industry executives and those affected by life transitions, Williams writes. The majority of women, however, share a dissatisfaction with the services, treatment and deal terms they receive from financial advisers, according to a Boston Consulting Group study. National Underwriter Life & Health
(10/26)
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- Financial advisers expect ETF use to increase, survey finds
About 78% of financial advisers expect to make more extensive use of exchange-traded funds in retail clients' portfolios in 2013, according to a survey by Guggenheim Investments. Only 1% of respondents plan to cut back use of ETFs, while 20% were unsure of their ETF use next year. Benzinga.com
(10/26)
| FPA News | | |
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- FPA's Ongoing Efforts to Protect Retirement Plans
FPA continues its work to protect employer-provided retirement plans, backing a U.S. Senate resolution to preserve tax incentives to encourage retirement savings. Some tax reform proposals would target these incentives as a means to make the tax code more fair and simple. FPA has been educating lawmakers and their staff members about the vital role these provisions play. FPA's efforts helped garner 120 co-sponsors for a similar resolution in the U.S. House. Learn more about FPA's efforts to protect retirement plans.
- FPA Experience 2012 Conference Recordings Have Arrived
Join us today, Oct. 30, for replays of popular sessions from FPA Experience. The day begins with How Healthcare Reform Affects You and Your Clients, by Carolyn McClanahan M.D., CFP®. Then Ross Levin CFP®, on Implementing the Wealth Management Index in Retirement Planning, followed by Financial Issues of Aging, by Karen Schaeffer CFP®. End your day with Elissa Buie, CFP®, and Dr. David B. Yeske, CFP®, Evidence-Based Financial Planning: To Learn ... Like a CFP®. Sign up now.
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- Tuesday, October 16, 2012
- Tuesday, October 09, 2012
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- Tuesday, September 25, 2012
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