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LPL names president of retirement division
LPL Financial will give a new title to the leader of its retirement division next year, the largest U.S. independent broker-dealer said in a statement Thursday. Bill Chetney will become president of LPL Retirement Partners on Jan. 1. He currently serves as executive vice president of LPL Retirement
File-and-suspend strategy works for singles, too
Social Security strategy normally reserved for couples allows unmarried to hedge their bets.
Advisers need to boost knowledge of Social Security
How much do you know about Social Security? Not just the basics, but how much do you really know? Enough to sit down with each of your clients right now and confidently outline all of their claiming options, including a recommended course of action that will help them reach their retirement goals?
Factoring travel dollars into financial plans
Though a majority of retirees' wish lists include trekking the world, few plan ahead for such costs.
Workers pay little attention to 401(k) fee disclosures
According to advisers and recent data from Limra, workers seem to be doing precisely what they would be expected to do with 20-page disclosure documents: Tossing them in the circular file.
Financial literacy begins at the office
A financially secure employee is a happy employee. That seems to be the bottom line of a newly released Workplace Benefits Report from Bank of America Merrill Lynch. Based on a nationwide survey of more than 1,000 companies of all sizes, the report examines the evolving role of employers when
Senators seek more retirement plan pop
Legislators looking for ways to boost Americans' savings for retirement and access to advice.
Will older advisers pay more than younger colleagues for health care coverage?
Small-business health care plans traditionally have based rates on the average age of employees, so that older individuals in a plan benefited from lower rates if there were many younger employees.
Is age 70 the new 65 for retirement?
Recent research shows that due to increases in Social Security's delayed-retirement credit, the real retirement age might now be 70.
How to hedge bets when claiming Social Security
The file-and-suspend strategy offers an added benefit: It can serve as an insurance policy if you change your mind and decide not to delay your benefits after all.
LPL signs deal with Millennium Trust for rollover leads
LPL service will allow retirement plan sponsors to shed participants who can't be located or who are nonresponsive.
Make sure clients road-test retirement
As baby boomers ap-proach retirement, they're likely to feel excited or afraid, or perhaps a bit of both. It's natural to have a range of emotions at such a significant point in life. Having the freedom from alarm clocks and meetings, and more time to pursue personal interests on a daily basis, is
Retirement planning is now a family affair
In the years before the Great Recession, it wasn't unusual to see a happy couple tooling down the highway in a luxury recreational vehicle with a bumper sticker that joyfully proclaimed: “We're spending our kids' inheritance.”
Last-minute tips for Medicare annual enrollment
People who want to switch their Medicare coverage for 2014 have just a few weeks left in the annual open enrollment period, which ends Dec. 7. The choices can be overwhelming, but there are practical steps your clients can take now to make sure they have appropriate and affordable health care
Social Security's 50 shades of gray
Retirement benefits and survivor benefits represent two different pots of money. Even if a spouse claims reduced Social Security retirement benefits early, her survivor benefits will not be reduced, as long as she is at least full retirement age when she collects them.
Explore your opportunities and be informed for your next move.
Dorothy Weaver Founder & CEO, Collins Capital
Liz Ann SondersChief Investment Strategist, Charles Schwab Corp.