Headlines you need to know this week — June 20, 2017
Rising health costs may mean lower retirement savingsMore than 60% of participants in 401(k) plans in a survey cited concerns about rising health-care costs as the reason for contributing less to retirement plans. Higher health-care expenses also have more effect on men than women, with 72% of women noting they spend less on recreation or entertainment to cover health-care costs, compared with 59% of men.
Financial advisors fight against elder fraudA financial advisor could be the first line of defense for seniors against elder fraud. Seniors lose about $36.5 billion each year to financial fraud. In 2015, broker-dealer firms reported nearly 2,300 cases of suspected senior fraud. More than half of those cases involved family members, or other third parties, trying to access seniors' accounts, the report stated.
Technology is disrupting the role of adviceThe role of financial advisors is changing. New research from the Boston Consulting Group cites technology and better-informed clients as drivers of change. Relationship managers in the future will likely be required to have more financial education and the ability to adapt quickly to technology tools.
Women, millennials lead the way in socially responsible investingA survey of high-net-worth investors found the number of women and millennials allocating assets to socially responsible investments surged in the past two years. The percentage of millennials who had begun investing in SRI jumped to 28% from 17% in 2015, and for women the number rose to 18% from 9%. More men said they were interested in this type of investing — increasing to 31% from 16% in the prior study.
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Advisors: Create and compare hypos for 2 model portfolios under varying market conditions using new FundVisualizer… https://t.co/1Dy9p4KQo7
Please join me in thanking John Hill for his many years of service to Putnam. A true fiduciary, a trustee, and a le… https://t.co/UgcAvSltur
Read Putnam Perspective on Target Date Funds. An essential cornerstone of plan design, but must be used efficiently… https://t.co/Rp3QSpjkIk
How to avoid triggering #AMT: https://t.co/0AGwHGaw97
Darren Jaroch, Putnam Portfolio Manager, will be on CNBC’s @PowerLunch just after 2:00pm ET today to discuss the equity markets.
Financial Advisors: Learn how to use the ‘Explore’ feature of Appy award-winning FundVisualizer for head-to-head f… https://t.co/J2Rv1EaJh5
What pessimism can teach you about the market. https://t.co/d5kRZT0Bii https://t.co/bet4m6nXd1
This is shaping up to be an exciting Sunday! @Brendan_Steele #USOpen https://t.co/SUJCH61zvq
Dads, Grandpas, Uncles: Role models for us all. Give them all a high-five today! #FathersDay https://t.co/7Hnc2JlpFT
Alternative minimum tax affects about 4 million taxpayers each year. Strategies to reduce #AMT:… https://t.co/bsHxkT3cq3
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