Editor's picks from around the Web: 10/28-11/1
By Paul Wilson
Contrite White House spurns health law’s critics (The New York Times)
"The White House on Wednesday blended expressions of contrition for the troubled rollout of its health care law with an aggressive rejection of Republican criticism of it, as the administration sought a political strategy to blunt the fallout from weeks of technical failures and negative coverage. "
Financial advisors vs. insurance agents: Does one want to scam you? (Huffington Post)
"A financial advisor and an insurance agent may sell similar products, but they can have very different motives. The worst agents will be beholden to their company's profit margin more than they are to your financial wellbeing."
Time has come to address the challenges of long-term care (The Hill)
"As Congress embarks on a new venture to create a bipartisan budget that would strengthen the economic security of families and reduce the deficit without shortchanging our future, it's our hope that both parties will also work together to find viable ways to help families pay for long-term care."
Roth IRAs, annuities and your retirement (Fox Business)
"In part one of a two-part interview, Victor Ricciardi, an assistant professor of finance at Goucher College in Baltimore, discusses who should consider investing in a Roth IRA and whether the time is right to purchase an annuity. (Part two discusses how to fix Social Security, and retirement advice for young workers.)"
Secondary market annuities boast higher yields (MarketWatch)
In a world of low interest rates, secondary market annuities can provide higher yields and larger payouts than current new-issue annuity offerings.
What's behind the rally in life insurance stocks? (Bloomberg)
"Bloomberg's Jonathan Adams discusses the performance of life insurance stocks with Alix Steel on Bloomberg Television's "Money Moves.""
Hospitals face whole new world under health law (USA Today)
"One thing about the Affordable Care Act is clear: Hospitals will exist in a world where they are rewarded more for the quality of care than for the volume of patients they treat."
The risks of a solo practice (WealthManagement.com)
"Too many lone advisors are failing to plan for emergencies, putting their businesses—and clients—at risk." (WealthManagement.com)
10 reasons your retirement plan won't cut it (MarketWatch)
Although congressional actions are constantly being scrutinized, we should be thankful to this organization for allowing us to have retirement plans.