Wealth Management
Top stories summarized by our editors
8/21/2019

President Donald Trump says he is reviewing "various tax reductions," including cutting the payroll tax and indexing the capital gains tax to inflation. He has rejected the idea that the US is headed into a recession, touting the low unemployment rate and the amount the stock market has risen since he took office.

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President Donald Trump
8/21/2019

Fear of a recession may be all that's needed to cause a bear market, writes investment strategist and portfolio manager Rob Isbitts. He recommends people close to retirement simplify their investment approach and focus on preserving capital to protect themselves.

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Forbes
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Rob Isbitts
8/21/2019

The IRS has rewritten its previously released Notice of Proposed Rulemaking governing multiple employer retirement plans in order to correct errors in the previous version. The proposal is of particular interest to the retirement industry because it offers an exception to what is commonly referred to as the "one-bad-apple rule" for MEPs.

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PlanAdviser online
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IRS
8/21/2019

There are good reasons to leave some retirement funds in a traditional IRA when doing a Roth conversion, writes IRA expert Ed Slott. He highlights five of them, including paying for medical expenses, maximizing lower tax brackets and making qualified charitable distributions.

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Ed Slott
8/21/2019

Prevailing low interest rates and little prospect for higher rates are proving to be a boon for millennials who borrow but a burden for current retirees, who are seeing a lower return on their investments. That makes retirement today about a third more costly than it was for the preceding generation, writes economist Allison Schrager.

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Allison Schrager
8/21/2019

Allison Bell reviews five things that sellers of indexed annuities or competing products should know about a Securities and Exchange Commission investor bulletin on indexed annuities. People who worked on the bulletin might have been confused by annuity terminology, Bell writes.

8/20/2019

Economists expect Federal Reserve Chairman Jerome Powell to suggest the central bank is receptive to further interest-rate decreases when he speaks Friday at an annual gathering in Jackson Hole, Wyo. Powell is scheduled to speak on challenges confronting monetary policy.

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Jerome Powell, Federal Reserve
8/20/2019

People unsure about the timing of retirement can benefit from working an extra year. This can help them make sure they are ready and shore up finances.

8/20/2019

Special-needs trusts are a valuable planning tool for families that include a person with a disability, writes Jaclyn Berry of Cumberland Trust. She offers tips for successfully managing the trust, including navigating public benefits, serving as the beneficiary's point of contact and coordinating professionals.

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WealthManagement
8/20/2019

Many financial advisers follow similar methods and provide similar services, write Sarah Dale and Krista Sheets of Performance Insights. Advisers looking to differentiate themselves should examine the story behind why they entered the financial planning space and consider specializing in a certain type of clientele.

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Sarah Dale