The windfall elimination provision (WEP) and the government pension offset (GPO) are two rules designed to prevent certain individuals from “double dipping” and receiving both social security and public-sector pension benefits.
Believe it or not, the oldest millennials will be turning 36 this year. However, as they launch into adulthood, many of them are struggling to achieve traditional life milestones, such as getting married, having kids or buying a home.
Three Overlooked Questions That Can Affect a Financial Plan
It’s always a good time to sit down with clients to review their financial goals and plans. But the new Trump administration gives advisors an extra reason to touch base with clients who may be wondering how this change may impact public policy and the financial markets.
One of the common knocks on the automated investing services is that they can only offer a simplistic buy-and-hold strategy that can’t produce alpha or defend against a market downturn the way a traditional advisor can.
When we sell life insurance to our clients, we like to think our clients will keep their policies until they die. But the reality is that a significant amount of life insurance is eventually surrendered or sold by policy owners.
The 5 Biggest Myths and Hidden Truth About Disability and DI
Early in my insurance career, I began working with a young attorney. He had been in practice for 10 years, was married with two young children, and seemed to be an ideal prospect for life and disability insurance.
For Life Insurers, Transformation and Talent Go Hand in Hand
Executives across the life insurance and annuity industry have accepted the urgent need for broad-based change across their companies in recent years. Transformation can sound like a buzzword, but it is also a strategic imperative for insurers of all types and sizes.
When people talk about addiction, the first thing that comes to mind are illegal drugs, alcohol and tobacco. But in the mobile era, behavioral addiction is much more prevalent and pervasive — and the culprit is the ubiquitous smartphone.
How Delaware’s Blockchain Trial Could Change Wall Street
With a population of just under a million, the small state of Delaware is nevertheless a behemoth when it comes to corporate finance law. The state carries the distinction of having the most well-developed body of corporate law in the country.
Thirty Years After the Last Major Tax Reform, Is It Time to Retool?
The last major tax reform — personal and corporate — came some 30 years ago. Despite much tweaking in the interim, “everybody agrees that something needs to be done” to modernize the tax code, says Kent Smetters, a Wharton professor of business economics and public policy.
Increasing regulatory requirements and expectations in Banking can create a large burden on operational effectiveness. When compliance processes are simply “bolted on” to existing operational processes, the results are often less than satisfactory to both the operations manager and the compliance officer.