What’s Wrong with Variable Annuities?

By Richard Gilman, CFP® After the stock market crash in 2000 and “Great Recession”, investors have justifiably become more concerned about their retirement. Many people no longer trust Wall Street.  Having suffered through dramatic market swings, they are unwilling to keep putting their savings at risk. They worry about exploding health care costs and outliving their money. They know they need to do something — but what? Annuities of all kinds are being positioned by insurers, the government, the media and financial planning community as part of the solution.  And annuities may very well be one part of the solution. …

Is Financial Planning Different for Women?

By Michelle A. Fait, MBA, CFP®, EA With the financial advisory industry turning its focus towards the 51% of the population that is female, many of whom will be directly responsible for an increasingly large portion of the nation’s personal wealth, there has been much discussion about the financial planning needs of women.  There are some obvious differences in demographics, including women’s statistically longer average life spans, the greater likelihood that they will take time out of the work force for care-giving (of children or parents or both), and that they will on average be paid less than men for…

How Will Health Care Ruling Impact Advisors?

The Supreme Court’s decision to uphold the health care overhaul could have a broad impact on wealthy investors’ wallets with a new 3.8% increase on investment income. The increase, which is one of the bill’s funding mechanisms, is set to take effect in January. “The top rate on long-term gains is 15%. Next year, we know it’s going to go up by at least 3.8%,” says Tim Steffen, director of financial planning at Robert W. Baird & Co. “For higher income individuals and couples, their investments just became more expensive.” That new rate, according to Steffen, will be imposed on…

Do You Have What Baby Boomer Investors Are Looking For?

Reposted with permission from The Trust Advisor. Posted by Joe Murphy, Contributor – on January 30th, 2012 Advisors take note: there are 77.6 million Baby Boomers and another one turns 50 every 8.5 seconds. Clearly, the number of American investors approaching retirement is on the rise — and this is the biggest opportunity of all time for advisors who know how to meet their needs. For today, let’s leave the retirees out of the equation. I want to concentrate on the younger cohort of Baby Boomers who still have some time until retirement and are still very much in the…