- Are HSA Investors Born Or Made?
Both...And familiarity with the mechanics of the account often propel owners toward investing
A new EBRI study has found only about 6 percent of accountholders invest their health savings accounts (HSAs), despite unique tax benefits extended to them. Those investors, the research finds, appear to be inherently prone to invest but can also be educated to invest. read more
- Client Social-Distancing
Advisors adjust their practices in light of coronavirus
A LIMRA survey of 550 advisors revealed how they are adapting to meet the needs of their clients as the country faces the safety and economic challenges as a result of coronavirus. read more
- COVID-19 Fuels North American Employers to Pursue Cost-Containment Strategies
Hiring freeze is the most prevalent strategy; relatively few employers are freezing salaries or delaying pay raises
As concern over the effect that COVID-19 will have on their businesses escalates, North American employers are eyeing a series of cost-containment strategies that include hiring freezes and, to a lesser extent, wage freezes or delayed raises, according to a survey by Willis Towers Watson, a leading global advisory, broking and solutions company. read more
- Engage and Educate Your Children with Activities that Inspire Giving
How the act of giving 'increases social contact'
With schools closed around the country, millions of parents find themselves juggling full-time jobs with full-time parenting and… it’s not easy! read more
- Recession Length Depends on COVID-19 Path
U.S. growth, spending expected to slow dramatically in Q2
In this episode of AMBestTV, Ann Modica, economist, AM Best Rating Services, said U.S. growth is expected to slow dramatically in second-quarter 2020, as is consumer spending, exports and other macroeconomic factors... read more
- With Covid-19 Outbreak, Life/Health Insurers Get Real World Test of Enterprise Risk Management Programs
Will 'pandemic scenario' preparations, installed after 2007 crisis, work?
AM Best believes insurers have done well in implementing improved enterprise risk management (ERM) controls since the financial crisis a decade ago, but until the COVID-19 virus outbreak, these changes have not faced a significant test. read more
- Home Alone: The Psychological Impact of Self-Isolation …
... And how employers can help
by Lilly Kofler
Odds are if you’re sending your staff home to prevent the spread of the coronavirus, you’re focused on logistical considerations and continuity plans, such as making sure they have access to the internet, shared documents, and each other. read more
- Retirement Investors Holding the Line During Market Correction
Majority of savers in defined contribution plans are not planning to take drastic actions
Americans in defined contribution retirement savings plans are largely maintaining their investment positions and not taking overly drastic actions in response to market volatility caused by the COVID-19 (coronavirus) outbreak, show new studies from Empower Retirement. read more
- Is it Possible to Keep Your Retirement Plan on Track in Volatile Times?
An actuary provides counsel for those in various life stages
By Dennis Ho
As markets continue to plunge and uncertainty about the impact of COVID-19 remains, the health of our retirement funds is adding to the concerns many of us are facing. Rest assured there are action most of us can take, even during these difficult times, to make sure our retirement plans remain on track. read more
- Five Mistakes NOT to Make When Holding Online Meetings
Making meetings more impactful
Working from home (or WFH) is quickly becoming "the new normal." The COVID-19 pandemic kicked the WFH movement into high gear, and many experts believe it will continue long after the crisis has passed. But before we can optimize this new way of working, Howard Tiersky says we're all going to have to get proficient… read more
- When Clients Ask: How Can I Make My Retirement Savings Last?
Withdraw only 4% to 5% from savings yearly, with adjustments for inflation
After decades of saving, it's time to start spending once you enter retirement. But how much can you safely withdraw each year without needing to worry about running out of money? The answer is critical, as retirement can last 25 years or more these days, so you need a strategy that's built for the long… read more
- Understanding The Able Act
Similar to a special-needs trust, it allows for qualified disability expenses
Early in 2014, Congress passed legislation creating special accounts for persons with disabilities known as the “Achieving a Better Life Experience” (who thinks of these names?). read more
- Further Global Interest Rate Cuts Anticipated as Economic Buffer for Coronavirus Impact
Fed cuts funds rate by 50 basis-points; Canada, Australia follow suit
AM Best anticipates further U.S. and global interest rate cuts in the first half of 2020 as governments strive to provide economic buffers against the potentially wide-ranging impact of the Coronavirus. read more