By InvestmentNews

By InvestmentNews

By InvestmentNews

By InvestmentNews

By 2030, all baby boomers will be over the age of 65 and will make up about 20% of the U.S. population. That means for the first time in our nation’s history, there will be more people over the age of 65 than under age 18. That poses enormous economic challenges for the country and individuals. Unfortunately, many Americans lack the resources for a…

The Covid pandemic turned the world of work upside down with millions of people losing their jobs and countless other working from home. Now, more than two years later, the new world of work continues to evolve and some retirees, concerned about rising inflation and volatile markets, are returning to work. Workplace futurist Kerry Hannon talks abou…

Millions of American retirees and near retirees are particularly vulnerable as withdrawing funds from a shrinking nest egg during their early retirement years can threaten portfolio longevity. Annuities can deliver the stable income that retirees crave, but how exactly do they it? Laurence Black, founder of the Index Standard, helps us look under t…

Millions of baby boomers are retired or preparing to retire. But after a decade of strong market performance, near zero interest rates and low inflation, today’s retirees face new challenges: the highest inflation in 40 years coupled with volatile markets against a backdrop of longer lifespans. Guest Mike Downing, chief operating officer of Athene,…

Despite progress made in recent decades, women continue to be at greater risk of not achieving a financially secure retirement than men, in large part due to the gender pay gap and time out of the workforce for parenting and caregiving. Covid has made that situation worse. Tired of juggling work responsibilities and family caregiving duties during …

Today, women control a third of total U.S. household financial assets. That’s more than $10 trillion. But over the next decade, large sums of money are expected to change hands, driven mainly by demographics as women inherit assets from parents and spouses, through divorce settlements, and by investing their own hard-earned savings. These changes r…

Women often find themselves alone in old age, whether due to widowhood, divorce or never having married. As women control an increasing share of financial assets and real estate, it is crucial that they pay attention to how those assets are titled to ensure continued control in the event of divorce or remarriage. Splitting retirement assets can be …

Women represent the next wave of growth in U.S. wealth management. By 2030, American women are expected to control $30 trillion in financial assets. As they earn more, inherit money from their parents and spouses, receive divorce settlements and pursue other investments, they will need to tailor their financial strategies. Ryan Bertrand, VP and Man…

The average retirement in the U.S. has tripled since 1935, from 7 years to around 22 years. Retirees have ample time and opportunity to launch a new chapter of their life, but extra care must be taken to plan their finances. Maddy Dychtwald, co-founder of AgeWave, joins Mary Beth on this episode to discuss what Maddy calls the Longevity Bonus. Rela…

In this episode, you'll hear about: Retirement income style awareness. Creating retirement income that takes taxes into account. Factoring Social Security into those decisions. Is the 4% rule still valid today? RMDs as the basis for income? Social Security claiming decisions, annuities and reverse mortgages. Related Article: High school classes ine…

In this episode, you'll hear about: Will Social Security be solvent in the future? How can advisers create plans for clients with such uncertainty? Covisum’s new tool to help advisers. Tax implications. Roth conversions and Social Security strategies. Social Security reform. Widows. Educating clients. Related Article: Social Security faces a custom…

In this episode, you'll hear about: Why there's a need to factor in health care costs for retirement income. Medicare details, costs and deadlines. Traditional Medicare vs. Medicare Advantage plans. HSAs and Medicare. How Medicare surcharges are calculated. About the WealthWatch video library. Related Article: Medicare do-over season Related Articl…

In this episode, you'll hear about: Background of Financial Independence Group. Annuity misperceptions. How advisers can learn about incorporating annuities into portfolios. Tech advances in the insurance space. The effect on adviser fees of using annuities in client portfolios. Bonds versus annuities Related Article: Fidelity rolls out product all…

In this episode, you'll hear about: Data on aging. The story of Whealthcare Solutions. Misperceptions about "diminished capacity." The surprising peak age for financial decision-making. How does it affect advisers, and what can advisers do about it? Warning signs. Senior Safe Act. Learn about Whealthcare Related Article: Widow’s dilemma: When to cl…

In this episode, you'll hear about: Suzanne’s paper on women and financial wellness. Values and life purpose. The challenge of the language of finance for women – what can advisers do? Women set goals – money is the tool to realize those goals. Technology and communication. Health care costs – differences for women and men. What can we learn from t…

In this episode you'll hear about: How her beloved grandmother’s experience with domestic abuse inspired Stacy to establish a nonprofit organization to provide free financial education and advice helplines for women in difficult situations. Why she later launched Francis Financial, which works primarily with widows and divorced women, as a way to s…

In this episode you'll hear about: Why should investors consider real estate? Income and assets minimum requirements? Diversification. Rental trends in the future. Real estate as income. DST compared to a 1031 exchange (the investing vehicle for this). Can investors without real estate partake in this exchange? Liquidity. This season is brought to …

In this episode, you'll hear about: David's background. The most compelling research David is working on now — the value of advisers. Plan providers and advice — should they give it? Why delay the start of Social Security benefits? Decumulation. Inflation. Related Article: Demand for Social Security advice increases Gomez would bring industry exper…

How COVID is affecting women's finances and retirement prospects - 2:00 minutes How can companies and broader institutions change the environment to support women - 5:30 How can FAs support - 8:45 Opportunities out of increased savings - 12:00 Retirement policy issues coming out of the pandemic - 14:30 Pandemic effect on workers' savings - 18:30 Ne…

2:40 - When Heather started out in the industry 5:15 - Considerations to keep in mind when working with widows 8:00 - Organizing the steps of the financial process 12:45 - Importance of patience in the widow deciding where to live 15:00 - COVID adjustments for engaging with clients 20:00 - Staff growth during the pandemic 23:00 - Matching clients w…

2:30 - Stacy's background and inspiration 5:00 - The persistence of a gender imbalance in talking about money over generations 7:15 - The surge in gray divorce 11:00 - Silver linings from the pandemic 14:00 - Financial advisors handling divorce 17:00 - Specialists for helping sort out finances in a divorce 19:00 - The effect of new tax treatment on…

02:00 - Background on Liz O’Donnell’s elder care experience – what happened, what it meant for her earnings potential 05:30 - A first experience with a financial advisor and how it went wrong vs. why a second experience was better 12:00 - Guidelines for FAs when working with caregiver clients and the role the FA can play in coordinating 19:30 - How…

What we are learning today will shape all of our futures. Even with glimmers of hope as stock markets recover most of the losses from earlier this year. Trading high on every whiff of a possible future vaccine and promises of resumption of business as not so normal. Joe Boan of Transamerica and Mary Beth Franklin discuss what we have learned so far…

Women control $22 trillion of retirement assets, but often feel ignored and misunderstood when it comes to retirement planning. The coronavirus has created a new layer of complexity to retirement planning. What do women need to know to thrive in retirement after quarantine? There are also some silver linings that will provide some glimmers of hope …

The key word in this episode of the Retirement Repair Shop is adapt. Many top financial professionals are adapting in ways they never though they could. Steve Sweeney of Transamerica explains that patience is key and some financial advisers will have to step outside their comfort zone and add some new skills in order to survive. Learn some critical…

Sometimes the implications of financial planning are not apparent until the darkest hours. These certainly seem like dark days. Virtually everyone has been touched by the recent market volatility, but no group has been more affected than people who are close to retirement. Ryan Bertrand of Transamerica joins Mary Beth Franklin to discuss how to dis…

Investing behaviors during a crisis like the coronavirus can be tumultuous. Behavioral finance research explains why so many people make costly investment mistakes during times of stress, but financial advisers can really shine during these challenging times, helping clients overcome short-term fears that can cloud their judgment, while encouraging…

The second season of the Retirement Repair Shop we will be focusing on the coronavirus pandemic and its impact on our lives, our economy, and our finances. The first quarter of 2020 will be remembered as among our country's darkest days. Never before has the world confronted a global pandemic that simultaneously shut down world economies, rattled s…

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help naviga…

About the Guest Angie O’Leary, a 25-year veteran of the wealth industry, is head of Wealth Planning at RBC Wealth Management-U.S. In this role, O’Leary and her team are focused on helping clients live life with more clarity and confidence through goals-based planning delivered by skilled financial advisors. Angie’s bio: https://www.rbcwealthmanagem…

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help naviga…

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help naviga…

Show Title Retirement Repair Shop with Mary Beth Franklin Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help naviga…

Show Description Just when you thought your retirement plan was safely on autopilot, life has a way of interrupting. Maybe you lost your job, or suddenly faced a health scare. Enter retirement expert Mary Beth Franklin, who has all the solutions — and knows the right experts — to help navigate any hazard. Episode breakdown Welcome to the Retirement…

Welcome to the Retirement Repair Shop with Mary Beth Franklin. On this episode, Mary Beth speaks with Ron Mastrogiovanni of HealthView Services to examine how health and wealth planning intersect in retirement. Ron Mastrogiovanni brings more than 25 years of combined experience in financial services, management consulting, and high technology. He i…