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Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a former Department of Labor official expects that it will take until next year for the agency to release new rules that would likely expand the number of financial professionals who must provide a fiduciary standard of care when providing investment recommendations for 401(k), individual retirement accounts, and other plans.
Also in industry news this week:
- A recent survey suggests that high-income Millennials are more open to working with advisors than similar individuals in older generations
- A new bill would make many parts of the Tax Cuts and Jobs Act of 2017 permanent, including its changes to tax brackets, the higher standard deduction, and the cap on state and local tax deductions
From there, we have several articles on advisor marketing:
- How some of the biggest financial services firms are increasing their television advertising and how smaller firms can craft a scalable, cost-efficient marketing strategy
- How firms are approaching the opportunities and potential pitfalls of the SEC’s new marketing rule, which will be enforced starting November 4
- What advisory firms can do to make the most out of client testimonials and avoid negative reviews on third-party websites
We also have a number of articles on retirement planning:
- Medicare Part B premiums are set to decline in 2023, providing seniors with a bit of relief in the current inflationary environment
- The potential advantages of taking RMDs in stock rather than in cash during the current market downturn
- Why the charges associated with guaranteed income products could be considered as the cost of insurance rather than fees
We wrap up with three final articles, all about work life:
- Why some hybrid workers choose to come into the office on Fridays, from shorter commutes to more time with the copy machine
- What ‘quiet quitting’ means for both workers and advisory firm owners
- How ‘micro-breaks’ throughout the workday can help you avoid screen fatigue and stay energized
Enjoy the ‘light’ reading!