Growing your business often means long hours and what seem like endless responsibilities. When family holidays like Easter roll around, stepping away to create memories with loved ones may seem like a luxury you can’t afford. But what if I told you that good financial management and systems might just be the hidden egg you […]
Archives for March 2024
Weekend Reading For Financial Planners (March 30-31)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent survey suggests Americans are increasingly prioritizing work-life balance over higher salaries, with 2/3 of respondents indicating that they would rather work at a job that they loved rather than a job they disliked […]
Money app Goalsetter raises $9.6M to expand partnerships, reach schools
The budgeting app has already garnered support from NBA superstars and is looking for more growth.
Almost 3 out of 10 Americans have no retirement savings
The retirement crisis looms larger than ever as new research shows how many U.S. adults have no long-term savings.
Dirty Dozen list from IRS opens with phishing, smishing scams
The IRS opened its annual Dirty Dozen list with scams that trick recipients into clicking a suspicious link, filling out personal and financial information, or downloading malware onto their computer.
Editor’s Comment: Embracing the ’Tik Tok’ generation
It was good to see a new Financial Planning initiative this week to reach the so-called TikTok generation. Cheshire’s Equilibrium Financial Planning is launching a ‘lighter touch’ Financial Planning service for younger clients, those in their 30s and 40s beginning to accrue some wealth. The service will not bridge the advice gap but it […]
Bankman-Fried sentenced to 25 years over FTX collapse
The lengthy sentence marks a final chapter in a controversy that has captivated and overshadowed the crypto industry.
Starting a Business With Poor Credit History
A great idea comes with great responsibility—or money. Any good businessman knows that starting a business requires more than just grit and effort. For a business idea to come to life, significant costs are incurred whether you like it or not. From your administrative operations to production costs, starting a business is like bleeding your […]
Why Guyton-Klinger Guardrails Are Too Risky For Most Retirees (And How Risk-Based Guardrails Can Help)
One way financial advisors can add value for retiring clients is to estimate how much they can spend sustainably during their retirement years without depleting their investment portfolio. Advisors in this position have several options to help them determine a client’s initial spending level, from ‘static’ approaches like the 4% Rule to more dynamic approaches […]
Number of DB transfers falls to lowest level in 6 years
Pension transfer activity fell to its lowest level in over six years in February, according to the latest data from pensions consultancy XPS. XPS’s Transfer Activity Index fell in February to an annualised rate of 15 in every 1,000 members transferring their benefits to alternative arrangements. This is the lowest level of activity seen since […]