Fw: Study: Financial advisers may not be so helpful

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From: "Retirement Security SmartBrief" <rssb@smartbrief.com>

Date: Thu, 4 Dec 2014 13:34:36 -0600

To: <mainandwall@hotmail.com>

Subject: Study: Financial advisers may not be so helpful

Even affluent boomers fear retirement health care costs | Study: Financial advisers might not be so helpful | Annuities can boost retirement income Created for mainandwall@hotmail.com |  Web Version   December 4, 2014 CONNECT WITH SMARTBRIEF       Financial and wealth management news for the retirement community SIGN UP | FORWARD | ARCHIVE | ADVERTISE Top News Even affluent boomers fear retirement health care costs A Nationwide Retirement Institute survey finds that 62% of affluent, pre-retirement baby boomers are "terrified" that health care costs will destroy their retirement finances. BenefitsPro.com (12/3), Financial Advisor online (12/3) Study: Financial advisers might not be so helpful A study published by the National Bureau of Economic Research finds that financial advisers may do more harm than good for some clients, pushing them into cookie-cutter portfolios that include more risk than desired. CBS MoneyWatch (12/3) Annuities can boost retirement income People who are concerned they won't have enough money in retirement can boost their income by purchasing an annuity, writes Art Koff, founder of RetiredBrains.com. There are no contribution limits, and annuities can start paying out right away or be deferred, he explains. MarketWatch (12/3) Share:  Market Trends The real motive for increased financial guidance: Move older workers A Towers Watson survey finds 84% of large and midsize U.S. employers with retirement plans intend to increase efforts to educate workers about saving and investing. It's not altruism, Richard Eisenberg writes -- they're worried that older employees aren't leaving the workforce on schedule. Next Avenue/Daily Roadmap blog (12/2) Share:  Unbundled TDFs offer flexibility, fee transparency A paper from Towers Watson advises that retirement plan participants' needs are better served when they can invest in target-date plans that are "unbundled," allowing for better tailoring of investments based on age, plan design and participation rates. BenefitsPro.com (12/3) Share:  Financial Literacy Planning a retirement withdrawal? Watch out for taxes Lisa Hay warns retirement investors that taking poorly timed withdrawals can hurt them at tax time. She outlines several age- and date-related deadlines that can affect tax liability on distributions. MarketWatch (12/3) Share:  Stop trying to "win" the retirement investment race Mitch Tuchman writes that retirement investors who try to beat the market stand a much greater chance of hurting their savings than those who invest more conservatively with index funds and index-style exchange-traded funds. Forbes (12/3) Share:  Business Tips and Advice Sponsored Links from American Express OPEN on openforum.com 4 Telltale Signs of a Bad Business Opportunity   Mike Michalowicz     4 Warning Signs You Should Never Ignore   Brian Moran     5 Ways to Avoid Wasting Other People's Time   Dorie Clark     Branding 101: The Small-Business Guide to Building a Killer Brand Identity   Lou Imbriano     5 Tips for Responding Positively to Negative Online Comments   Vivian Wagner     Click here to learn more about Featured Content On the Economy Fla. dominates new list of best retirement cities Affordability, activities and quality of life put Tampa, Fla., at the top of WalletHub's list of the top 10 cities for retirees. On the list are five Florida cities, two each in Arizona and Texas, and one in Kansas. National Underwriter Life & Health (12/3) Share:  The Adviser-Client Relationship Expert: Minority business owners are a market opportunity for advisers James Perez-Foster, a former adviser who started a bank dedicated to Hispanics, says Hispanic-owned businesses, along with businesses owned by women, are the fastest-growing small-business segments in the U.S. To tap the market, financial advisers should network in hubs that serve these businesses, Perez-Foster says. ThinkAdvisor (12/2) Share:  Advisers must help clients prepare for retirement reality Many investors may feel they have a good idea of what their retirement will look like. David LaMartina writes that financial advisers must help them prepare for reality, which can include high health care costs, inflation and higher-than-expected daily expenses. ThinkAdvisor (12/3) Share:  Financial planning is more than picking a portfolio Bud Hebeler writes that financial planning for those nearing retirement involves far more than creating a sound portfolio. It also includes "hidden creepy things" such as allowing for health care costs and the cost of investing. The Wall Street Journal (tiered subscription model)/The Experts blog (12/3) Share:  SmartQuote I don't know what your destiny will be, but one thing I know: The only ones among you who will be really happy are those who will have sought and found how to serve." -- Albert Schweitzer, French philosopher and physician Share:  Subscriber Tools Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.   Editor:  Jim Kim Advertising:  Abiy Bekele   P: 919.931.5915     SIGN UP   SHARE   ADVERTISE   SEND FEEDBACK Update Profile | Change e-mail address | Unsubscribe |  Archive | Web version (print friendly) Download the SmartBrief App  iTunes / Android   Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 © 1999-2014 SmartBrief, Inc.® Privacy policy |  Legal Information