On the heels of a record rise in December after Donald Trump was elected president, the Financial Advisor Confidence Outlook plunged in January to pre-election levels. Advisers cited potential instability in the markets and possible negative effects from increased tariffs among likely reasons for the decline.
How to find lost financial documents. A finance worker spends precious time looking for a misfiled financial document when Xerox could have found it in seconds. Learn more.
Getting clients to think about the distant future can be challenging, but delayed planning could result in them having to work longer or compromise on lifestyle goals. Financial planner Brandon Goldstein shares strategies for helping clients think ahead, including asking them to reflect on how an ideal retirement might look.
Financial advisers must put their own biases aside and be willing to discuss cryptocurrencies with clients who are interested with them, writes Kimberly Foss, a senior wealth adviser with Mercer Advisors. She recommends approaching it like you would any other investment and focusing on basic concepts such as available resources, risk tolerance and long-term goals.
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Financial advisers who are Million Dollar Round Table members offer some guidance on how you can reinvigorate your client service in 2025. Among their ideas are setting new goals, partnering with retiring advisers to transition their firms and clients and increasing the use of artificial intelligence.
Waterlily's AI-driven platform seeks to help people plan for long-term care by predicting future needs and costs. The platform uses extensive data to assess the likelihood of requiring care, the duration and the intensity, as well as regional cost variations and allows advisers to create personalized care plans and financial strategies.
House Republicans from coastal states have talked with President-elect Donald Trump about lifting the cap on federal deductions for state and local taxes, describing the talks as "positive." Economic advisers to Trump have reportedly discussed raising the cap to $20,000 while being opposed to eliminating it entirely.
The Treasury Department and IRS have proposed changes to SECURE 2.0 provisions regarding Roth catch-up contributions and automatic enrollment. Under the new proposal, employers would no longer be required to mandate Roth catch-up contributions for employees earning $145,000 or more.
Alight's latest study looks at the three hottest retirement planning topics, including the gradual increase in interest in lifetime income options. The other topics are selective adoption of SECURE 2.0 and significant growth in financial wellness programs.
