Most boomers have no Social Security strategy, survey finds
Less than 20% of baby boomers have made decisions about claiming their Social Security benefits, according to a Securian Financial Group survey. Among the 82% of boomers who said they are not planning for Social Security, more than half expect the benefits to represent at least 40% of their income in retirement. BenefitsPro.com
|Reasons to plan: the video your female clients must see.|
We asked 10 women to describe their experiences with aging and chronic illness. What they said may surprise you and change the way you help your clients prepare for their future.
Watch our video now at prudential.com/reasons.
Survey: Many boomers would cut retirement savings if taxes rise
Tax deferral is a key consideration for about 75% of baby boomers in selecting a retirement-savings vehicle, and reductions of that incentive would make about 25% of boomers less likely to save, according to a survey by the Insured Retirement Institute. Higher income taxes would prompt more than half of middle-income baby boomers to cut back on their retirement savings, while 40% said they would do so if the Social Security payroll tax rises, the survey found. AdvisorOne
SEC provides new guidance on advisers' social media use
The Securities and Exchange Commission has offered new guidelines for financial advisers using social media that suggest compliance may not be as heavy a burden as many in the financial-services industry thought. Some interactive posts on social media platforms don't fall within the definitions of marketing or advertising and don't have to be filed with regulators, the SEC says. Financial-Planning.com
|5 tips for managing negative online comments|
The Internet gives your customers a voice online, but what can you do when that voice is yelling negative comments? With 5 tips, you can learn how to positively respond and help direct the conversation. Read the article and learn the 5 ways to respond positively.
Most advisers lack succession plans
About two-thirds of financial advisers have not developed a succession plan for their retirement, a survey by SEI indicates. Another 39% of those with a succession plan have not yet identified the person to whom their business will transfer. "Unless they have a dedicated effort to making sure they have the right clients and the right infrastructure, they are not going to have anything to sell," says John Anderson of SEI. InvestmentNews (free registration)
|Transformational Journeys: Modern Business Planning|
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.
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