As the United States nears the end of the debt ceiling, Dave Boniface fielded calls and emails from older clients. “The anxiety is mounting pretty quickly,” says Boniface, a financial adviser at Legacy Capital, a subsidiary of LPL Financial, in Forest Lake, Minnesota. Pensioners are worried about how the economy will evolve if lawmakers fail … Read more
An infamous 1994 poll found that 46% of young Americans believed in UFOs, while only 25% believed they would receive their Social Security benefits. Fast forward nearly 30 years, and nearly three in four Americans (74%) say they do not rely on Social Security benefits when planning their retirement income, according to recent research by … Read more
On Tuesday, Congress sent a letter to the Treasury Department notifying Secretary Janet Yellen and Internal Revenue Service Commissioner Daniel Werfel that it will introduce legislation to correct several technical errors contained in SECURE 2.0. Signed by four prominent SECURE 2.0 personalities – House Ways and Means Committee Chairman Jason Smith (R-MO), Ranking Member Richard … Read more
The line segments in the graph represent the average length of the retirement period in various countries of the Organization for Economic Co-operation and Development (OECD). Italy ranks first while Canada is near the median. Americans have a relatively short life expectancy, largely due to high obesity rates, limited access to health care, and one … Read more
Advisors work with a variety of archivists in different market segments and in support of plans of all sizes and complexities. As such, they are extraordinarily well placed to benchmark and assess the strengths (and weaknesses) of this essential service – and their collective opinion matters. Last year, we launched the Advisors’ Choice Award to … Read more
According to the last report of the trustees, approximately 66 million people receive some form of social security cash benefits. THE cost social security programs have exceeded its income since 2021. They are therefore underfunded (and behind). Without change, the Trust Fund reserve will be depleted in the future. According to the directors, this future … Read more
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