Financial Planning Archives - Page 2 of 5 - Genivity
Fiduciary Laws: What You Need to Know About DOL Compliance

Fiduciary Laws: What You Need to Know About DOL Compliance

Changes by the Department of Labor to compliance laws have caused a shake-up in the financial advising industry. Changes from suitability standards to fiduciary standards are representing a huge shift in the industry. Suitability standards meant that as long as the...
How Next-Gen Members Impact Planning for the Future

How Next-Gen Members Impact Planning for the Future

American individuals are known as one of the worst savers in the developing world with only saving approximately 6 percent of their income compared to the recommended 20 percent. Furthermore, when your clients have a desire to raise a child, saving becomes more...
How Medicare Impacts Financial Planning

How Medicare Impacts Financial Planning

Planning for retirement requires planning for many scenarios and options. One element to consider is Medicare. In a survey by Forbes, 30 percent of Americans believed that home health care expenses were less than $417 monthly when in reality, the cost is closer to...
Planning for When You’re Gone: Leaving a Legacy

Planning for When You’re Gone: Leaving a Legacy

A legacy is “something transmitted by or received from an ancestor or predecessor or from the past.” While it usually represents a monetary value, a legacy is much more than that. Material possessions are just one of the things you can pass down. A legacy represents...
Preparing for Wealth Transfers to Next-Generation Members

Preparing for Wealth Transfers to Next-Generation Members

In the next three to four decades, approximately $30 trillion is expected to transfer from the Baby Boomer generation to their heirs in the United States. However, only 70 percent of wealth transfers are expected to be successful. A successful wealth transfer is when...

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