News Round-up for Week of September 24

24th Sep 2018

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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 decreases trust in their advisors. There have been attempts to fix this, but the financial services industry must not call women seeking financial advice 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 aide clients by being familiar with tax relief options that might be available to affected clients. Here are things to look for.

Via Financial Planning

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.

 

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There are several #retirement plans available for small medical practices, and Advisors should know about this one. https://t.co/HyKcVx4mmv

1:01 AM 29 November 2022

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How advisors can help clients beat inflation by paying less #tax https://t.co/OuIoze7t5W

12:59 AM 29 November 2022

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No matter what your #retirement goals are, proper planning is essential. We can help self-employed professionals by… https://t.co/eDpAhZc3WD

9:59 PM 22 November 2022

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Are “goals” in #financialplanning helpful or hurtful? https://t.co/GCIhjUpuz8

9:02 PM 22 November 2022

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#DefinedBenefitPlans investments grow tax-deferred, building wealth faster? Learn more. https://t.co/wa1XhOZGgH

10:59 PM 21 November 2022

Dedicated DB@ DedicatedDB

These #retirement plan providers (including Ascensus, our parent company) ranked best for online experience. https://t.co/JQcbSOZoD2

10:00 PM 21 November 2022

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