The Retirement Wake-Up Call is Here
The Exceptional Advisor Podcast
Steve Gresham, managing principal at Next Chapter, discusses in this Exceptional Advisor podcast with host Robert Powell delves into the complexities and challenges of retirement planning in the modern era. Gresham discusses the evolving nature of retirement, emphasizing the gap between people's expectations and their level of preparation. He highlights the importance of planning and adapting to changing needs, both financially and emotionally. The conversation also touches on the role of financial advisors in guiding clients through these challenges, stressing the need for improved...
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DALBAR's Lou Harvey Reflects on Pioneering Investor Behavior Research and the Evolution of Financial Advice
The Exceptional Advisor Podcast
In this podcast, Dalbar founder Lou Harvey discusses the history of his firm, which pioneered research into quantifying the impact of investor behavior on returns. He reflects on key initiatives like the Quantitative Analysis of Investor Behavior (QAIB) report, which revealed the significant performance gap between mutual fund investors and the funds they invest in. Harvey also shares his perspective on current industry trends and the future outlook. He sees artificial intelligence playing a bigger role in financial advice, with humans focused more on interpreting AI recommendations versus...
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Retirement Trends and Challenges
The Exceptional Advisor Podcast
differentiate your retirement advising practice with elevated and specialized capabilities. Explore the RMA® Certification: https://iwicentral.org/3STsNId In this roundtable discussion, experts Anna Rappaport, Rob Austin, and Michael Doshier provide insights on key retirement issues including spending patterns, debt levels, housing costs, family support, and using products like annuities and reverse mortgages. Key takeaways: - Retiree spending declines on average 2% per year, but is often "lumpy" with large one-time expenses - Housing represents the biggest expense...
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Transforming Wealth Management with Technology
The Exceptional Advisor Podcast
Rashmi Badwe, COO of TIAA Wealth Management, discusses how technology like AI can enhance client service and the convergence of capabilities across financial domains.
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What Financial Advisors Need To Know About 403(b) Retirement Plans
The Exceptional Advisor Podcast
In episode 117 of the Exceptional Advisor Podcast guests Dan Otter and Scott Dauenhauer of 403bwise discuss the issues with 403(b) retirement plans commonly used by teachers and the opportunities for financial advisors to help teachers save adequately for retirement.
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Why AI Poses a Mortal Threat to Financial Advisors
The Exceptional Advisor Podcast
Bob Powell and David Alan Macchia discuss the implications of artificial intelligence (AI) for the financial advisory profession. Macchia highlights AI's potential advantages, such as cost-efficiency and a unique user experience, but also acknowledges its current limitations in providing accurate advice. He predicts the rise of "digital humans" that merge vast financial knowledge with a human-like interface. The conversation underscores the importance of trust in the advisory profession and debates whether AI can achieve a similar trust level. Both participants emphasize the need for human...
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The Importance of Diverse Perspectives in Teamwork
The Exceptional Advisor Podcast
In this podcast, content creator Shane Snow discusses the importance of diverse perspectives in teamwork. He shares insights from his book Dream Teams, which explores how cognitive diversity can lead to better decision-making and innovation.
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Why Do People Hire Their Financial Advisor?
The Exceptional Advisor Podcast
Danielle Labotka, a behavioral scientist with Morningstar, and Samantha Lamas, a senior behavioral researcher with Morningstar, discuss their latest research, "Why Do People Hire Their Financial Advisors?," which points to the importance of addressing a client’s emotional needs during beginning conversations. According to their research, how you explain your services can have an impact on a person’s hiring decision. And if you focus only on the cold, hard facts, you may be deterring some investors.
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Warren Buffett: Investor and Entrepreneur
The Exceptional Advisor Podcast
Todd A. Finkle, author of Warren Buffett: Investor and Entrepreneur, discusses the life and career of Warren Buffett, one of the most accomplished investors of all time. Finkle, an expert on all things Buffett, provides a deep dive into the origins of Buffett's success, the ways behavioral biases can affect investors and how to overcome them.
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Unraveling the Latest in Politics, Retirement, and Social Security
The Exceptional Advisor Podcast
Jeff Bush, the principal of Washington Update, discusses the debt ceiling crisis and the possible outcomes, as well as potential reforms to Social Security, and what actions advisers might consider given that many the provisions of the Tax Cuts and Jobs Act are set to expire at the end of 2025.
info_outline New York Life Retail Annuities Regional VP Bill Feakes discusses market volatility, helping investors keep things in perspective, and building retirement strategies to manage through economic uncertainty.
DISCLOSURES:
The S&P 500 index tracks the stock performance of 500 large companies listed on stock exchanges. Individuals cannot invest directly in an index. There is no assurance that historical performance will continue in the future.
The New York Life Premier Variable Annuity II(ICC15-P301, or it may be 215-P301). The “accumulation benefit” is the Investment Preservation Rider 4.0(IPR)(ICC19V-R01 or it may be NC19V-R01), an optional rider made available for an additional fee. With each reset of the IPR, the previous guarantee ends, the holding period starts over, and the rider fees may increase to a higher charge.
The New York Life IndexFlex Variable Annuity-FP Series(IndexFlex) (ICC20V-P01 or it may be NC20V-P01) is a hybrid product combining the predictability of an index‐linked account with the investment flexibility of variable subaccounts. Investments in the index-linked accounts track a well-known index with the performance being limited by a cap or flat rate with downside principal protection. The variable investment subaccount available through IndexFlex are subject to market risk and may lose value.
Variable annuities are long-term financial products designed for retirement purposes. There are fees, guidelines, risks, restrictions and limitations to consider. Withdrawals or surrenders may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty. Surrender charges may also apply. Any guarantees are based on the claims-paying ability of the issuer. For costs and complete details, investors should contact a financial professional.
Please consider the investment objectives, risks, charges, and expenses of the variable annuities and mutual funds carefully. The prospectus contains this and other important information; you can request a prospectus from a financial professional. Read the prospectus carefully before investing.
New York Life annuities are issued by New York Life Insurance and Annuity Corporation ("NYLIAC"), a Delaware Corporation. Variable annuities are offered through NYLIFE Securities LLC( Member FINRA/SIPC). Both NYLIAC and NYLIFE Securities LLC are wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010.