At Nationwide Financial, we know that there is no onesize- fits-all retirement plan. Finding the right plan for each of your clients depends on factors such as their savings, expenses, health, family and values. Help improve your clients’ retirement readiness by staying up to date on the latest financial news and tax information.
For business owners whose retirement may be 10 or even 15 or more years away, it’s easy to find reasons to put off succession planning. As a financial professional, you know none of these are valid reasons for procrastinating with a succession plan, and you need to help your clients recognize that, too. Here are 6 tips to help kickstart succession planning.
Labor and delivery bills, childcare, housing, education, food, clothing, and other items needed to raise a child quickly add up. Creating a plan for the costs of parenthood can be important to discuss with your clients who want to raise children.
As people shifting their financial priorities from building wealth to retirement income, the financial industry needs to innovate to help improve retirement security for more Americans.
As education costs continue to rise, saving for college can be a big concern for your clients with children. Uniform Gifts to Minors Act or UGMA accounts are custodial accounts held in the name of a minor, created to make it easier for your clients or other family members to transfer money to minor loved ones without establishing a trust. In addition to cash, these accounts can hold securities on behalf of the child. Like 529 plans and Coverdell Education Savings Accounts, UGMA accounts are yet another way your clients can save for their child’s college education.
The WA Cares Fund and its short lived opt-out opportunity affected the ability to get LTC business issued in a timely fashion all around the country. One of the biggest lessons all states learned from WA is how many people are willing to buy LTC insurance if it will get them exempted from a tax! WA expected about 100,000 people to opt out of the WA Cares Fund—but in the end it was nearly 500,000 people.
Tax season provides an opportunity to reach out to your clients and provide suggestions when it comes to investing their tax refund. View our conversation starters here.
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