College Enrollments Sink in the Midwest, Causing Budget Trouble for Schools
The pandemic accelerated a trend that college deans and finance chiefs throughout the U.S. Midwest have been dreading: There are fewer 18-year-olds to fill classrooms, dorms and dining halls.
The Power of Outsourcing Investment Management
Financial advisors face an industry in transition. Clients want more personalized, ongoing advice and financial planning support, not just a portfolio. And they want to see value in every advisor interaction to justify the fees they pay. Is outsourcing the most overlooked way to alleviate client-advisor strain?
Planting the Seeds for High Cash Flow, With 5 Years Until “Go-Go”
I was speaking with an industry friend and colleague the other day, and we got to riffing about music and retirement planning. A free and creative thinker, she said that when talking to clients about future retirement income, the sweet spot timing wise seems to be about five years before clients retire.
Ready or Not? Lifetime Income and Other Retirement Readiness Drivers
Saving for retirement is a decades-long endeavor with factors – both excepted and unexpected – that can affect confidence and preparedness. Even though much of the conversation has centered around amassing a nest egg, it’s also important to look at what else can be done to improve retirement readiness for all.
Wage Growth Is Great. The Long-Term Inflation It Creates Isn’t.: Conor Sen
Inflation debates have been dominated by fallout from the pandemic and economic reopening, most of which has been viewed as transitory: lumber and used car prices in the first half of the year, the cost of ocean freight more recently.
Achieving Diversity in the Financial Planning Profession
Diversity initiatives are being prioritized now more than ever—just a few weeks ago, the SEC approved Nasdaq’s board diversity policy. My guest today is here to discuss diversity and inclusion within the financial planning profession as well as the efforts the CFP Board’s Center takes to increase diversity within the profession.
Best Practices for Retirement Income Planning + How a New Tool can Help
As the baby boomers reach retirement, advisors must solve new problems for them. And these new problems must be addressed with solutions that evolve to better manage them. Retirement income is different as clients shift their focus from maximizing wealth to creating sustainable income, clients face a greater range of risks, and clients increasingly must solve a complex lifetime financial problem. These matters are becoming particularly vital as near retirees are now experiencing continued market volatility and uncertainty, and historically low interest rates.
This presentation looks at sustainable retirement spending from investments in light of recent market events and discusses strategies to support more spending by integrating both investments and income protections, such as a new Portfolio Retirement Income Guarantee that unbundles the insurance from underlying investments to build more efficient retirement strategies.
U.S. Workforce: September 2021 Update
We've updated our monthly workforce analysis to include the latest Employment Report for September. The unemployment rate dropped to 4.8%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 194K.