News Round-up for Week of Feb. 26

28th Feb 2018

business people making notes

Why the Rich Are Hiding

The primary goal of most financial advisors is to cultivate clients with investable assets of $1 million or more. This is a difficult task because rich people are not easy to find. According to a new book, Uneasy Street: The Anxieties of Affluence, rich people are hiding—mostly from the judgment of others. Our clients are high income people who are out there. If you’re prospecting for high income clients, here are some of our typical clients.

Via Wealthmanagement.com


Can You Become Rich From the New Tax Law by Becoming a Company?

If you have a job that’s conducive to freelancing — such as writing software or being a plumber — and you’re willing to take the risks of working for yourself, you could be able to reap the tax breaks introduced in the law.

Via New York Times


Forget Fiduciary Rules — FAs Simply Need More Education

A recent report suggests that instead of more fiduciary regulation of financial advisors, what advisors really need is more training and education. Advisors often invest in the same high-cost actively managed funds they put their clients into — and at the same inopportune times.

Via Financial Advisor IQ


5 Tips to Weather a Turbulent Stock Market

The stock market has been shaken by turbulence in the last few weeks, something it hasn’t experienced in a few years. Here are five tips from financial professionals that could help ensure that a volatile ride doesn’t derail your financial planning.

Via New York Times


What Successful Retirement Planning Looks Like

With social security in doubt, retirees have lifestyle and long-term care questions that robo advisors can’t answer. A financial advisor’s greatest challenge is to manage the emotional and psychological rollercoaster that affects clients when looking at their portfolios. This emotional handholding is critical and often the most important and impactful thing an advisor can do to help clients.

Via Wealthmanagement.com

Dedicated DB@ DedicatedDB

34-year-old self-made millionaire says budget holds you back from saving money via @CNBC #selfmadehttps://t.co/81Y9H8lWZj

1:02 AM 23 February 2019

Dedicated DB@ DedicatedDB

6 ways advisors can protect themselves and clients from tax scams via @wealthmanagement #advisors #taxes https://t.co/KQWEgCmwQp

11:15 PM 22 February 2019

Dedicated DB@ DedicatedDB

More physicians are working as tele-doctors, earning high income and opening defined benefit plans to reduce taxes https://t.co/Ee3LLYjUrY

10:45 PM 22 February 2019

Dedicated DB@ DedicatedDB

Here’s what wealthy families need to know about the new tax law via @FAMagazine #taxlaw #taxreform #TCJA https://t.co/4cGvlClpzN

9:39 PM 22 February 2019

Dedicated DB@ DedicatedDB

How 199A deduction has changed retirement planning for small business owners via @forbes @retirementriskshttps://t.co/hHNmgMCxUh

10:28 PM 21 February 2019

Dedicated DB@ DedicatedDB

Tech giants Google and Amazon are looking to capture financial services via @finplan #wealthmanagementhttps://t.co/5Yx83zzAiT

9:30 PM 21 February 2019

Estimate contribution and deduction with our DB calculator Try it now

Send this to a friend