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Debt Among American Seniors Skyrockets 543% in Two Decades

Between 1999 and 2019, the total debt for Americans above age 70 skyrocketed 543%, according to the Federal Reserve Bank of New York, thanks largely to a deterioration in the nation's "modest social safety net".  [...]

By | February 27th, 2020|Categories: News Alerts|0 Comments

The Race Is On: NAIFA, Others Push for State Approval of NAIC “Best Interest” Model

State insurance regulators finally have hammered out their "best interest" model regulation for annuities, and now NAIFA and other industry players are pushing states around the country, both liberal and conservative, to pass the new [...]

By | February 20th, 2020|Categories: News Alerts|0 Comments

Social Security “Blind Spots”: the Facts that Few People Know

According to a new survey from SimplyWise, there are five common blind spots in people's understanding of Social Security benefits and requirements--and that, of course, highlights the critical need for consumers to rely on a [...]

By | February 13th, 2020|Categories: News Alerts|0 Comments

With Clock Ticking, Will DOL Propose New Fiduciary Rule?

Industry observers have been wondering when the Department of Labor (DOL) will issue its new fiduciary rule--a replacement for the Obama-era rule that the 5th Circuit Court of Appeals struck down in March 2018--ever since [...]

By | February 7th, 2020|Categories: News Alerts|0 Comments

79 Percent of Employers Say Their Workers Struggle Financially

A new report finds that 79 percent of employers believe their workers face "persistent" financial problems, including high credit card, childcare, and other consumer debt; medical expenses; and problems saving for retirement.   The 2019 MassMutual Workplace [...]

By | December 5th, 2019|Categories: News Alerts|0 Comments

Massachusetts Proposes Fiduciary Standard for Brokers, Advisors

Massachusetts officials have released a proposed regulation that would impose a fiduciary duty on agents, broker-dealers, and investment advisors and their representatives when dealing with clients in the state.  Secretary of State William F. Galvin [...]

By | December 4th, 2019|Categories: News Alerts|0 Comments