Wealth Management
Top stories summarized by our editors
2/21/2018

Great-West Financial launched an index-linked variable annuity that offers the potential to deliver higher yields than those available on certificates of deposit issued by banks. The product, being marketed as the Capital Choice annuity, incorporates a buffer that can reduce losses in market downturns.

2/21/2018

Prudential Financial said in a securities filing that it will soon launch a deferred-income annuity product called the Guaranteed Income for Tomorrow contract that will be sold directly to consumers. Initially the product will be distributed through Prudential's group insurance business, the company said.

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Prudential Financial
2/21/2018

Many retirees end up with multiple retirement accounts as they move from one employer to the next throughout their career. It's best to consolidate accounts by rolling funds over to keep down fees and simplify matters, writes personal finance columnist Ashlea Ebeling.

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Forbes
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Ashlea Ebeling
2/21/2018

An audit report from the Social Security Administration showed 82% of beneficiaries who are dually entitled to survivor benefits and their own retirement benefits have been underpaid because the agency failed to inform them of their options. Eligible widows and widowers are allowed to make separate claiming decisions for their survivor benefits and retirement benefits, and delaying the latter often results in larger monthly payments.

2/21/2018

Recent market volatility after a prolonged period of calm may prompt millennials to become more cautious about investing and lower their return expectations, writes Generational Insights' Cam Marston. The fact that many of them do not have a human advisor to help put the volatility in perspective may add to their unease.

2/20/2018

US lawmakers from both parties are discussing a need to bolster oversight of cryptocurrencies, high-ranking congressional members say. A House Financial Services subcommittee will conduct hearings in coming weeks.

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Reuters
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House Financial Services
2/20/2018

Financial planning software can bolster retirement talks with clients and help them see how various scenarios could affect them. When searching for the right package for your practice, consider factors such as ease of use and whether the software uses a goals-based or cash-flow-based approach.

2/20/2018

Taxes are a major factor in determining how much you'll have to spend in retirement, and adviser John Spoto notes that retirees "face the dual challenges of investing and withdrawing their assets tax-efficiently." He reviews strategies for minimizing the tax bite.

2/20/2018

As premiums for stand-alone long-term care insurance continue to increase, deferred annuities may offer a good alternative, writes Aja McClanahan. She discusses who this product might be right for.

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Wise Bread
2/20/2018

Clients and their children can minimize college debt even if they weren't able to save significant sums in 529 plans. Encouraging children to take advanced placement courses, choose their majors carefully and plan their course loads can make a big difference.