Sentences with phrase «retirement planning clients»

At PNC Retirement Solutions, we also engage with financial advisors to help serve their retirement plan clients.

Not exact matches

It applies only to retirement accounts such as 401 (k) plans and individual retirement accounts, but advisors to those accounts will now have to act in their clients» best interests.

Prior to launching YGC, Dorsainvil advised clients across generations in the areas of retirement planning, estate planning, education planning and strategic tax planning.

The Labor Department rule was supposed to reduce these fees and force retirement plan providers to act in their clients» best interests.

Financial planner David Christianson says underestimating how long they'll have to support their kids is the No. 1 mistake his clients make in their retirement plans.

Mallouk, president and CIO of Creative Planning, and Carson, CEO and founder of the Carson Group, both said they would tell Trump not to roll back regulations on the Department of Labor's fiduciary rule, which says if an advisor is working with a client on a retirement plan, they need to act in the client's best interest.

He provides personalized, full - service financial and retirement planning to individual and corporate clients.

The Department of Labor passed a new rule earlier this year requiring that financial advisors who work with clients on retirement plans abide by a fiduciary standard.

He argues that everyone uses money for different purposes — from facilitating adventure to serving their community to supporting their family — yet most financial planning assumes clients have one of two possible goals: preparing for retirement or accumulating more possessions.

Firms also had to have a focus on financial and retirement planning; institutional clients do not make up a substantial portion of their businesses.

In the example of retirement planning, a CFP ® professional can be tasked with measuring the client's progress saving for retirement.

This week, the DOL delayed the effective date of its Fiduciary Rule — which would define all retirement plan financial advisors as ERISA fiduciaries, effectively banning conflicted 401 (k) investment advice that puts advisor profit ahead of client interests — by 60 days from April 10, 2017 to June 9, 2017.

Financial planning software, or even simple Excel spreadsheets, can be used to determine if the client has enough money saved for retirement, or if the client has enough life insurance coverage, if the client's portfolio is well diversified and appropriately allocated given their risk tolerance and timeline to retirement.

To land on the list, firms had to have a focus on financial and retirement planning for individual and high - net - worth clients.

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Attorney Jason Roberts, CEO of the Pension Resource Institute, a compliance consulting firm, says his large broker - dealer clients tend to manage retirement plans by teaming advisors who are not specialists in retirement plans with those who are.

When it comes to retirement planning, the key question is how much the client can safely spend out of his or her portfolio during the golden years.

A retirement plan that shorts health care planning can leave a client high and dry, they say.

«Robo - advisors can help clients with the on - boarding process of joining a retirement plan, manage their investments and rebalance their portfolios,» he said.

Today, through a range of services that include life insurance, annuities, and retirement plans, Transamerica and its parent company operate in more than 20 markets worldwide, continuing to help clients secure their financial futures.

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Most clients view a retirement plan distribution as an event that is likely to result in an undesirable tax hit — especially when that distribution is a required minimum distribution (RMD), which must be taken regardless of whether the client actually needs the income.

The NUA tax strategy allows certain clients whose qualified retirement plans contain these appreciated employer securities to eventually pay taxes on the appreciated value of those securities at the lower long - term capital gains tax rate, rather than at the ordinary income tax rate that would otherwise apply to retirement plan distributions.

However, in order to be eligible, the client must be eligible to take a lump sum distribution from the qualified retirement plan in question (typically meaning that he or she has reached age 59 1/2, become disabled or retired, or died).

Our clients are individuals (direct clients as well as managed money through financial advisors), institutions, retirement plans, and government entities.

In the meantime, Sweeney is advising her clients, who are retirement plan fiduciaries and financial service providers, to hold tight until there is more direction from the DOL.

Our clients range from high net worth households to corporations to retirement plans to charitable foundations.

Disclaimer: As an Investment Advisor Representative, I act as a fiduciary and give retirement planning and investment advice to my clients in exchange for a fee.

We regularly advise clients on issues such as the design and implementation of qualified retirement programs and employee benefit plans, including medical, vacation, severance, health reimbursement arrangements, health savings accounts, self - funded corporate plans and related programs.

To evaluate our client's likelihood of success when it comes to meeting their retirement spending goals, we turn to our financial planning software, specifically the Monte Carlo simulation.

«Vestwell's mission to make retirement plans affordable and accessible for all investors is reflective of our own hope: to empower fearless investing by providing investors with their true risk tolerance, and helping advisors align portfolios in the best interests of their clients,» said Aaron Klein, CEO of Riskalyze.

To help advisors and their clients make the most of these assets, we identified seven frequent and costly mistakes that they can make when performing estate planning for retirement assets and how to avoid them, including:

Advisors are very familiar with clients who ignore their retirement plan in favor of socking away money in a college fund.

Plan ahead... way, way ahead: This tip is really more applicable to younger retirement savers, but the fact is, the sooner a client starts planning for early retirement, the better the chances of achieving that early retirement.

How does an advisor plan for the client who wants to work in retirement?

Tax deferral laws make annuities a great option for clients planning for retirement.

Financial advisors also report seeing clients» confidence soar through the retirement planning process.

When planning for the future, it's worth considering the following possible public policy risks that could affect your clients» ability to save for retirement and the money they have available to spend in retirement: Will income tax rates rise with current government deficit spending?

«Clients need to have begun to process how much longer they want to work and what their spending will likely look like in retirement,» says Spencer Hall, managing partner of Knoxville, Tennessee - based Retirement Planning Services, LLC.

With growing numbers of clients with substantial portions of their assets in qualified retirement plans, it is more important than ever to understand how these unique accounts can affect their estate plans.

Personal Capital creates a specialized plan incorporating a client's assets and liabilities as well as retirement goals.

Plan sponsor clients can manage their retirement plan through the Retirement Directions web porPlan sponsor clients can manage their retirement plan through the Retirement Directions web porplan through the Retirement Directions web portal.

Find out how MEMBERS products and the value of risk control can work into your sales strategy and help you plan successful retirements for your clients.

Cheryl believed she had devised an outstanding product, and is pleased to say that in just a few short months since her launch, the program is already helping countless advisors across the U.S. build more fortified retirement income plans for their clients.

These drops in the number of advisors, the average number per firm and the advisors remaining who actually help clients plan for retirement, ultimately leaves consumers with less access to advice.

In 2013, the Corporation for Social Security Claiming Strategies was formed and one year later, A Comprehensive Guide to Social Security Retirement Benefits and Social Security Claiming Strategies was launched endeavoring to provide advisors with the knowledge necessary to advise clients on the intricacies of the Social Security system and teach them to utilize that information as the foundation for retirement income plans sustainable throughout their client's lifetime and beyond.

Many also offer ancillary services, such as investment education, assistance with annual tax return preparation, Social Security and retirement income planning, as well as one - off custom requests from clients — all of which could cost thousands of dollars if purchased à la carte.

After all, more than half the advisors had noticed their older clients» concern about outliving savings, and more than half had predicted that retirement distribution planning will be their older clients» main goal in five years.

Specifically, only 35 percent of the advisors said they «most frequently recommend» variable annuities to their 50 - and 60 - year - old clients as part of their retirement plans.

That dovetails with another finding — that well over half (65 percent) of advisors believe «retirement income distribution planning» will be the biggest goal for 50 - and 60 - year - old clients in the next five years.