Retirement

The past few years have stressed the way we look at and even define retirement. With the rise of the gig economy, COVID-19 shutdowns and higher-than-average inflation and market volatility in 2022, many people are questioning the status of their retirement plans. These current conditions highlight a challenging reality of retirement planning: It’s dynamic. A
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The recent collapse of the global cryptocurrency markets has exposed many previously hidden dangers related to these blackbox investments. Growing secrecy at our nation’s public pensions has turned these retirement plans into blackboxes themselves. Public pension officials have agreed to be kept in the dark about how much they’re poised to lose in cryptocurrency investments
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Two days before Thanksgiving, on November 22, 2022, the Department of Labor (“DOL”) released its much anticipated “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” Between DOL Bulletins and Rules, this represents the fourth rewriting of the fiduciary definition since 2008. This new rule essentially reverses the longstanding “tiebreaker” test from 1994.
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The new year is just around the corner and that’s when new insurance costs take effect. It is Medicare’s custom to announce the next year’s premiums and other costs at different times. For example, the Centers for Medicare and Medicaid Services published 2023 drug plan information in April and the Part B premium in September.
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Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices have also come down, hitting $379,100 compared to $413,800 in June. It comes as mortgage rates continue to rise rapidly, hovering around 7% from below 3% at the end of 2021. For
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The federal government has suspended for two years its sale of long-term care insurance policies to its employees. Some industry experts question whether the program ever will return in its current form. The long-running initiative, called the Federal Long Term Care Insurance Program (FLTCIP), was halted when John Hancock Life & Health Insurance Company, the
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For many trust grantors, choosing a trustee is one of the most challenging tasks of setting up a trust. The grantor must have confidence that the trustee will not only carry out their wishes, but also possess the stewardship skills necessary to protect the trust’s assets. Grantors must also find someone willing to take on
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In an effort to inspire clients and prospective clients to action in the realm of financial planning, we see an endless stream of commercials featuring exotic golf courses, beaches, sailboats, and marine mammals. Words like “hopes,” “dreams,” and “passions,” are often invoked. And for the smaller subset of people in this world who regularly use
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I ntroduction The gift, estate and generation skipping transfer (“GST”) tax exemption will increase substantially in 2023. What does that mean for your estate planning? Keep on Planning The current estate tax planning circumstances provide continued opportunity to plan. In part that is because most estate planning techniques in your advisor’s toolkit remain viable. For
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