Wealth Management
Top stories summarized by our editors
2/21/2018

President Donald Trump's infrastructure plan proposes using $6 billion in private activity bonds and would make several changes to current law regarding tax-exempt bonds. The proposed changes could eliminate many of the hurdles involved with privatizing government-owned infrastructure and thereby "may increase the likelihood that these projects could be procured through innovative P3 relationships," attorneys write.

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JD Supra
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President Donald Trump
2/20/2018

US lawmakers from both parties are discussing a need to bolster oversight of cryptocurrencies, high-ranking congressional members say. A House Financial Services subcommittee will conduct hearings in coming weeks.

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Reuters
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House Financial Services
2/20/2018

Financial planning software can bolster retirement talks with clients and help them see how various scenarios could affect them. When searching for the right package for your practice, consider factors such as ease of use and whether the software uses a goals-based or cash-flow-based approach.

2/20/2018

Taxes are a major factor in determining how much you'll have to spend in retirement, and adviser John Spoto notes that retirees "face the dual challenges of investing and withdrawing their assets tax-efficiently." He reviews strategies for minimizing the tax bite.

2/20/2018

More companies are offering employees financial incentives, including cash and student loan payment matching, to reduce stress and to encourage them to participate in financial wellness programs. An International Foundation of Employee Benefit Plans survey found that 17% of companies offering financial wellness programs had incentives in 2016, up from 10.7% in 2014.

2/20/2018

As premiums for stand-alone long-term care insurance continue to increase, deferred annuities may offer a good alternative, writes Aja McClanahan. She discusses who this product might be right for.

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Wise Bread
2/20/2018

Clients and their children can minimize college debt even if they weren't able to save significant sums in 529 plans. Encouraging children to take advanced placement courses, choose their majors carefully and plan their course loads can make a big difference.

2/20/2018

Technological evolution, including artificial intelligence and automation, is among the forces that could affect the advisory industry in the coming years, writes Schwab's Bernie Clark. "You can play a valuable part in empowering your clients to embrace change and adapt strategically to build a prosperous future," he writes.

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Bernie Clark, Schwab
2/20/2018

Scammers are using the Financial Industry Regulatory Authority's name and logo in an attempt to bilk investors, the organization warned. FINRA "does not guarantee investments, and our officers play no role in facilitating investment opportunities," noted Gerri Walsh, FINRA's senior vice president for investor education.

2/19/2018

Goldman Sachs analysts expect the cost of servicing US debt will surge due to climbing bond yields and the expansion in borrowing amid a growing economy. "In the past, as the economy strengthens and the debt burden increases, Congress has responded by raising taxes and cutting spending," the analysts wrote, noting the opposite is now true.

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Goldman, Congress