News You Can Use Updated Daily
Wealthy stay focused on long term allocations and portfolio diversification
Wealthy investors are focused on long term allocations and optimal portfolio mix
Social Security Administration braces for wave of boomers, lack of staff
The Government Accountability Office (GAO) has addressed concern over the Social Security Administration's (SSA) ability to offer satisfactory serv...
Life insurers cope with fourth-quarter losses
U.S. life insurers are being hit by charges to boost reserves for variable annuity equity market guarantees,
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Editor's Blog John Sullivan, Editor, Boomer Market Advisor
Don't believe the hype
Technological advances combined with the dynamism of the American entrepreneur count for something.
Advisors Sound Off
Sign of the times?
A Consumer Reports poll found boomers who planned for retirement fared just as badly as those who didn't. Can something be done to restore boomer confidence in retirement planning?
Ask the Experts
- Care in a crisis
Given the economic crisis, many baby boomers believe they will be unable to pay for long term care insurance if they ever needed it and are using their savings to pay off day-to-day expenses. When it comes to long term care ... - Picking up the pieces
How do I approach clients who've been burned by bad advice from their previous advisor? - Reassuring nervous Boomers
In the current environment, I feel my "stay the course" message to my clients is stale and might be falling on deaf ears. I feel some clients are going to just liquidate everything and put the money in a CD, or another "safe" investment. Any suggestions on what to tell them?
More...
In the Life of a Boomer
Treasury and IRS issue more flexibility for 529 plans
We're sure this is one of many revised regulations we will see this year as a direct result of the financial crisis.
Public opinion: Boomers in foreclosure shouldn't receive a federal bailout
By September last year, about 700,000 boomers had homes in foreclosure, according to AARP.
Retirement is 'severely' off-target
Financial advisors say the economic crisis has not just crippled, but "severely jeopardized" their clients' retirement security.
Latest Audio
Interview with Peter Wallison
Peter Wallison, former White House counsel to Ronald Reagan and current senior fellow at the American Enterprise Institute, has predicted the demise of Fannie Mae and Freddie Mac for 10 years. Dismissed by critics as "obsessed" with the mortgage giants, everything he warned about has come to pass, and he's all over the networks (now) explaining just what the heck went wrong. On the short list for Treasury Secretary in a McCain Administration (oh, well), Wallison is featured as one of Boomer Market Advisor's Forward Thinking Five in the December issue of the magazine. Listen in on the interview here
Boomer Stat of the WeekFifty-four percent of baby boomers said the advertising industry misrepresents and neglects them, especially online, where 72.5 percent of younger boomers and 83.2 percent of older boomers said online advertising focused on younger age groups.
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