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Here are ten suggested articles for financial advisors to read this Thanksgiving weekend: 1. End-Of-Year Medicare Planning Opportunities During The Open Enrollment Period – The final weeks of the year are some of the busiest for financial advisors as they help their clients not only plan for the upcoming year but wrap up their planning for the current year before it ends. 2. Something Crazy’s About to Happen With That Generational Wealth Transfer – First it was $18 trillion, then $35 trillion, then $41 trillion—and now? Cerulli says cynical Gen X will seriously up the ante, transferring an astounding $68 trillion of wealth to heirs over the course of the next 25 years. 3....

Daniel Satchkov

19 Nov 2018

15 Weekly Stats: Week of November 19, 2018

Matt Meyer and Michael Robinson are founders of The BluePrint Insurance Services. Their mission is to be the premier insurance partner for RIAs and comprehensive financial advisors. The BluePrint provides an operational insurance platform that allows our partners to provide the highest level of insurance access and support. We feature weekly update with permission: Matt Meyer Co-Founder 424.387.4143 MMeyer@tblueprint.com Michael Robinson Co-Founder 619.404.3038 MRobinson@tblueprint.com Site: https://www.tblueprint.com

Daniel Satchkov

19 Nov 2018

Significant Number of 401k Participants Relying on Target Date Funds

Statistics show that average retirement plan balances have almost doubled over the past decade, and a large portion of it is now contained in target-date funds. According to Fidelity data, more than half of 401(k) plans hold 100% of their funds in target-date funds. Target-date funds are tailored to an age and retirement year of the individual account owner, which means that, for instance, if a 2050 target-date fund is invested by someone in their 30s, the retirement age will be 67. Yet such funds adjust your equity, as you get closer to retirement date, they’re not good for everyone. However, the majority of employers use them as the default...

Daniel Satchkov

19 Nov 2018

What The Future of Multiple Employer Plans Looks Like

On October 22, 2018 the U.S. Department of Labor announced about the Notice of Proposed Rulemaking. The Proposal was a response of the DOL to the President’s Executive Order signed on August 31, 2018 and aimed at liberalization of the Multiple Employer Plan (MEP) rules. In the Executive Order the President asked the DOL to consider issuing new rules and guidance to make it easier for businesses to participate in Association Retirement Plans (the term the Executive Order uses to refer to MEPs). Furthermore, new policies should expand access to retirement plans for part-time workers, sole proprietors, working owners allowing them to participate in MEPs. (Be sure to read what...

Daniel Satchkov

16 Nov 2018

5 Articles for the financial advisor weekend reading list: November 17-18, 2018

Here are five suggested articles for financial advisors to read this weekend: 1. Building The Five Pillars Of SEC Cybersecurity Requirements As A (Registered) Investment Adviser – Over the past few years, several high-profile data breaches have hit major US corporations, including Target, Home Depot, and Equifax, bringing into sharp focus the need for individuals and businesses to protect and defend their personal data. 2. Offering an Effective Retirement Plan Starts with Education on Tools and Resources – Offering an effective retirement plan means bridging the knowledge gap and teaching your employees how to make the most of this important benefit. 3. Fred Reish: What Does ‘Best Interest’ Really Mean? – “Best Interest” has become part...