Monthly Archives December 2018

Get Ahead of the Great Wealth Transfer

In September, Wealth Management spelled out an eye-opening statistic about wealth transfer in the United States: “An estimated $59 trillion will pass from an aging generation to younger generations by 2061, including $21 trillion destined for charities.” In fact, from 2030 through 2045, the peak of the transfer, 10% of the total wealth will change hands every five years.1 It’s important for the financial advisor to try to retain assets and become the trusted resource for their clients’ adult children and grandchildren. But the struggle is real, as “in a majority of wealth transfer cases, assets leave the client’s financial
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Categories: Blog Posts.

What You Should Know About the Changes Coming to Social Security in 2019

As happens in the second week of each October, on October 11th the Social Security Administration (SSA) announced next year’s program changes which will go into effect on January 1, 2019 for the roughly 67 million Social Security beneficiaries in the United States1, an estimated 48 million of which are older adults collecting retirement benefits.2 Here are some of the changes you should know about. There will be a COLA (cost of living adjustment) of 2.8% for 2019. Meant to counteract the effects of inflation and the erosion of buying power, the 2.8% is larger than the 2.0% increase in
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Categories: Blog Posts.