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
|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.
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)
Please contact one of our specialists for advertising opportunities,
editorial inquiries, job placements, or any other questions.