Wealth Management
Top stories summarized by our editors
10/16/2019

Phishing scams often target specific people and processes at a company. Contractors can protect themselves from cybercrime by putting an incident response plan in place, keeping software up-to-date, educating employees about phishing scams, and encouraging employees to be wary of opening messages from unfamiliar addresses or those that attempt to direct recipients to a URL, a technology executive writes.

10/16/2019

The IRS said in its 2019-2020 Priority Guidance Plan that its priorities include guidance on student-loan repayment programs and updating life expectancy and distribution period tables for required minimum distribution rules. The IRS is also working on drafting regulations on the use of annuities in retirement plans.

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PlanAdviser online
10/16/2019

The arbitration procedure used by the Financial Industry Regulatory Authority to remove data on customer disputes from brokers' records is widely abused and should end, according to a study by the Public Investors Arbitration Bar Association Foundation. Last month, FINRA approved a plan that would require expungement cases to be overseen by specialized arbitrators, which it plans to file with the Securities and Exchange Commission.

10/16/2019

Taking risks such as switching jobs and accepting promotions is important to moving your career forward, writes Carol Wildermuth of Wildermuth Advisory. However, she notes that having confidence and doing proper risk management are required for career-related risk-taking to be successful.

10/16/2019

The holiday season is a good time for financial advisors to connect with clients and solidify relationships but it requires planning, Matt Oechsli writes. He offers five holiday season planning steps, including setting a budget and choosing which clients get what.

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WealthManagement
10/16/2019

Members of Generation X in their 40s and 50s would do well to work with a financial planner and get more serious about retirement, Megan Gorman writes. She discusses how longevity assumptions should factor into their plans.

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Forbes
10/16/2019

A Florida appeals court has held that a surety's refusal to select a replacement contractor as part of a takeover agreement did not violate the terms of a performance bond. The bond terms in question did not require the owner's consent for the surety to keep the terminated contractor on the project.

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JD Supra
10/16/2019

A subcontractor working on an Oregon playground project has declined to provide warranty services because it said it is owed $13,000. Attorneys representing the general contractor argued in court that the subcontractor did not receive payment because the work was incomplete and the subcontractor lacked proper licensing.

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KTVZ-TV (Bend, Ore.)
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10/16/2019

Contractors can mitigate the otherwise harmful economic effects caused by price increases by including escalation clauses in their contracts, attorneys say. Escalation provisions are especially important for larger or lengthier projects, according to the attorneys.

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Construction Dive
10/15/2019

China wants to further discuss an initial trade agreement with the US before signing the document, sources say. US President Donald Trump and Chinese President Xi Jinping reportedly could sign the document next month at a summit of the Asia-Pacific Economic Cooperation.

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President Xi Jinping