Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Here’s how clients can beat the IRA tax burden for their heirsWith the stretch IRA strategy no longer available to non-spouse beneficiaries, advisors can help mitigate the tax impact on their heirs by converting regular IRA assets into a […]
To Give is To Get: 3 Ways to Offer Value to Clients and Prospects
The saying “to give is to get” should be attributable to many aspects of one’s life and it rings true no matter what industry you work in. Giving of your time, energy, integrity, empathy, expertise and advice are just a handful of ways in which we also receive. Martin Luther King, Jr. said it best […]
Loan Default – What happens If I am unable to pay Loan on time?
Loan Default – Recently I got one email from one reader saying his financial condition is not good he is unable to pay the loan on time. What happens in the case of loan default? Well, as per rule when you take a loan, you have to repay the loan on time via EMI. However, […]
Off the ‘QT’: Does Fed nominee Judy Shelton have a balance sheet problem?
WASHINGTON (Reuters) – As an outside critic of the Federal Reserve, conservative economist Judy Shelton has slammed the central bank’s massive $4.2 trillion balance sheet as distorting financial markets and “largely benefiting people who have hefty stock-market portfolios.” It is also an entrenched part of how the Fed manages interest rates, and has been endorsed […]
Shock as Sajid Javid quits as Chancellor
Chancellor Sajid Javid has quit just four weeks before he was due to deliver the first post-Election Budget on 11 March. It is believed his role will be taken by Chief Secretary to the Treasury Rishi Sunak but this has yet to be confirmed. Mr Javid, who had been Chancellor since last July, is believed […]
What to do if your client waited too long to address retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. What to do if your client waited too long to address retirementOlder clients who want to stop procrastinating and start catching up with their retirement goals are advised to get hold of their finances and reduce their spending, according […]
India makes exemption for Nepal, allows some refined palmolein imports – sources
MUMBAI/KOLKATA (Reuters) – India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters. The move could put pressure on Indian refiners as imports from Nepal were allowed at zero duty under […]
Fall in percentage of successful SIPP complaints
Latest Financial Ombudsman Scheme data released today shows a steady decline in the number of SIPP complaints upheld over the past year. The percentage of complaints upheld in the last quarter was 49%, a drop on the 56% seen the previous quarter and well down on the 62% upheld in Q1 2019. The number of […]
This could be 2020’s most important retirement savings vehicle
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Why the HSA could be the most important retirement savings vehicle for 2020With the cost of health care expected to rise exponentially in retirement, the HSA is becoming an increasingly valuable tool for clients to save for future medical […]
Improve Your Digital Presence in a Restrictive Environment
Something we’ve noticed from our work with advisers at Kalli Collective is that they are way behind in their online presence—even the basics. But, before you get defensive, hear me out. I don’t think it’s entirely your fault. The financial services industry will always be behind other industries because of the compliance regulations set in […]