News Round-up for Week of September 24

24th Sep 2018

tablet with news articles on screen

Here are the stories that financial advisors are reading this week. What are you reading?

Cash Balance Plans Multiplying — So Are Sponsor Contributions

Cash balance plans are on the rise, according to a 2018 National Cash Balance Research Report from Kravitz, Inc.  As cash balance plans have risen, so have plan sponsor contributions. New cash balance plans have increased by 15%, and employer contributions have risen even more—by 30% —as legislation favoring such plans has helped them along.

Via BenefitsPro

Women Are Not a Market Niche in Financial Advisor Industry

The financial services industry has not served women particularly well, often making female clients feel undervalued which in turn has affected the trust women have in their advisors. The financial services industry has tried to resolve these issues, but the bottomline is that women seeking financial advice must not be categorized as a segment or a niche.

Via Wealth Advisor

5 Key Benefits of Cash Balance Plans

Many physicians and medical practitioners are looking at their savings and questioning whether they are prepared financially for retirement. Cash balance plans are becoming an increasingly appealing retirement savings option for health care professionals and other business owners seeking to catch up on retirement savings or even accelerate their retirement timeline.

Via The Tax Adviser

Making Wills Easier and Cheaper With Do-It-Yourself Options

More people are turning to online services and creating wills themselves, a simpler and cheaper option than hiring expensive attorneys.

Via New York Times

Ease the Tax Impact of Natural Disasters

Financial advisors can aid clients by being familiar with tax relief options that might be available to affected clients. Here are things to look for.

Via Financial Planning

 

Dedicated DB@ DedicatedDB

Why do people fail with their personal finance? They need to change their behavior https://t.co/MhiVy0ypP2

4:41 PM 5 December 2018

Dedicated DB@ DedicatedDB

Learn how more doctors are working telecommute -- and earning side income, opening defined benefit plans https://t.co/f61djwU6el #retirement

11:21 PM 3 December 2018

Dedicated DB@ DedicatedDB

The latest Secrets of the Self-made! https://t.co/b3I1DCOZjE Thanks to @Tees_Business @vandrewattycpa @BIConline #smallbusiness #smallbiz

8:35 PM 3 December 2018

Dedicated DB@ DedicatedDB

What George H.W. Bush Leaves Behind (And Who Steps Up To Inherit) https://t.co/ftbUgz9z6O

6:38 PM 3 December 2018

Dedicated DB@ DedicatedDB

Advantages of Defined Benefit Plans for Board Directors https://t.co/4rF13gJZkA https://t.co/y1vsGE9Cat

4:33 PM 30 November 2018

Dedicated DB@ DedicatedDB

Have questions about cash balance plans? Get your free cash balance resource kit https://t.co/saniHgxnLb #retirement

11:21 PM 29 November 2018

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