Advisor Today Blog

Three in Four Older Americans Fail Retirement Income Literacy Quiz

Three in four retirement-age Americans fail a quiz on how to make their nest eggs last throughout retirement. Even more troublesome, older Americans between the ages of 60 to 75, with at least $100,000 in assets, display a worrying lack of knowledge on a variety of vital topics such as paying for long-term care expenses, investment considerations, strategies for sustaining ...

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Financial Stress Hurts Well-Being of Working Americans

The Guardian Life Insurance Company of America recently released Mind, Body and Wallet, the latest set of findings from the Fourth Annual Guardian Workplace Benefits Study. The research reveals that anxiety over personal finances is the leading cause of emotional stress and contributes to lower physical wellness.  While the study shows that many working Americans are dealing with financial and ...

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Medicare Enrollment—Clearing the Air

If you are an agent selling Medicare plans, one of the best things you can do for your clients is to clarify the sometimes confusing eligibility and sign-up rules and procedures they have to follow if they do not want to be penalized. As you know, Medicare enrollment begins three months before your client’s 65th birthday and continues for seven ...

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Huge Gap between Millennials’ Financial Confidence and Knowledge

Millennials are overconfident and underprepared when it comes to managing their money. This is according to new research funded by the National Endowment for Financial Education® (NEFE) and conducted by George Washington University. They consider themselves far more knowledgeable financially than they actually are. “Millennials are known for having unrelenting belief in their own abilities. This generation is diverse and ...

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Black Americans More Likely to Buy Life Insurance Than the General Population

Six in 10 Black American households (approximately 9.9 million) indicate they are fairly, or very likely to buy life insurance for themselves or another member of their household in the next 12 months, compared to just 45 percent of the general population. In a similar LIMRA study conducted in 2010, Black Americans proved to be more receptive to buying life insurance at that time ...

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John Hancock Teams Up with David Ortiz to Hit a Home Run in Retirement

Now that former Red Sox slugger David Ortiz has retired from a 20-year baseball career, he’s back to being a rookie – that is, a retirement rookie. This spring, instead of prepping for Opening Day, Ortiz is teaming up with John Hancock to navigate one of life’s biggest questions: What should I do now that I’m retired? This question is ...

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NAIFA Introduces New ‘Take 3’ Video Series

NAIFA is always looking for new ways to communicate as effectively as possible with you, our members. In that spirit, I am proud to introduce our new NAIFA Take 3 – a video series brought to you by NAIFA and for NAIFA members that will aim to do three things: One: Inform you of important news and events shaping our ...

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Why Advisors Should Attend the Congressional Conference

Blake Finney is looking forward to attending the NAIFA Congressional Conference, which takes place May 23-24 in Washington, D.C. This will be the third time that the NAIFA YAT member, President of NAIFA-Middle Tennessee, and agent with Shelter Insurance will be attending this flagship event. For Finney, taking part in the NAIFA Congressional Conference is a win-win situation. “When you are ...

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Coalition Encourages Americans to Rethink Retirement

Every day, thousands of Baby Boomers enter their retirement years. They are, unfortunately, members of a generation who are largely unsure of their financial future. For the past seven years, Insured Retirement Institute (IRI) research has discovered that Baby Boomers’ confidence in their financial preparations for retirement is steadily dropping. In 2017, only 22% of Baby Boomers feel adequately financially ...

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DOL Rule Delay Is a Good Start, But NAIFA’s Not Finished!

Dear NAIFA member, The Department of Labor has issued a 60-day delay for the applicability date of the DOL fiduciary rule affecting advisors in the retirement space. The rule was set to become applicable on April 10. Previously, as NAIFA and our coalition partners emphasized to the new administration just how important the DOL fiduciary issue is, President Trump instructed ...

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