News Round Up for Financial Advisors for Week of Nov. 6 Dedicated DB

News Roundup for Week of Nov. 6

7th Nov 2017

news round up financial news for advisors

Tax Reform: How the House Bill Changes Rules for Retirement Savings

While pre-tax 401(k) contribution limits are off the table for now, the proposed Republican tax bill makes other changes to retirement savings plans including in-service and hardship distributions and recharacterizations of Roth IRA conversions.

Via Investment News

Why PwC Predicts Many FAs Won’t Survive the Next 8 Years

Wealth managers will oversee $71.2 trillion in North America by 2025 — a sharp increase from the $46.9 trillion they managed in 2016, according to a recent report from PricewaterhouseCoopers (PwC). But not many firms will survive the coming changes in the industry, the report warns. Technology will be the big differentiator between firms that succeed and those that fail.

Via Financial Advisor IQ

Big Banks Need Single, Official Definition Of Fiduciary

Investors, advisors, and regulators have spent years arguing over who should be classified as a fiduciary, but few ask what that fiduciary status means. These differing definitions only add to the uncertainty surrounding the debate over the Fiduciary Rule — regulators need to put forward a unified definition of the fiduciary duty so that investors and advisors can have a fully informed debate on the matter.

Via Forbes

Close to Retirement? A Cash Balance Pension Plan Might Be Right for You

Dentists who are nearing retirement may not be aware of the retirement savings options available to them beyond 401(k)s and IRAs. Cash balance pension plans, a lesser known qualified savings plan option, are gaining in popularity and allows dentists to save more than the 401(k) and profit sharing maximum.

Via Dentistry IQ

On the Farm, Investors Get Their Hands Dirty

After the company Priceline went public, the cofounder retired and began investing in sustainable farming practices, a movement that offers a range of investment levels, from debt and equity ventures that require smaller contributions to farms and land that costs millions of dollars.

Via New York Times

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A 24-year-old entrepreneur was bored in science class -- so she started this company via @cnbcmakeit #entrepreneurhttps://t.co/JXRuNbAM5D

9:22 PM 23 August 2019

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10 mistakes nearly everyone makes when saving for retirement via @marketwatch #retirementplanning #preretirementhttps://t.co/jWBtxNr9IE

7:55 PM 23 August 2019

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Want to earn Continuing Education credit & learn the basics of Cash Balance plans? There’s still time to register f… https://t.co/2KvBb25VZN

6:21 PM 23 August 2019

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Here are 20 ways (we like #17) advisors can help clients increase their retirement savings via @YahooFinancehttps://t.co/sTjHtraZzo

4:01 PM 23 August 2019

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This entrepreneur's kids couldn't eat gluten so he started a company that sold $25 million in veggie noodles last y… https://t.co/kbyUObCrso

9:15 PM 22 August 2019

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Why you should increase your retirement contribution right now via @TwoCentsLH @Lisatella https://t.co/HdmQSY0NWz… https://t.co/JHfK1JZgCP

6:41 PM 22 August 2019

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