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How to help clients plan for health care costs in retirement
Advisers can utilize cutting-edge financial planning tools to help ease clients concerns by showing them how they can save to cover medical expenses during retirement.
April 15, 2021 3 MINS
With Covid-19 vaccines steadily rolling out more than a year after the start of the pandemic, we are finally beginning to see light at the end of the tunnel. However, the “third wave” of Covid cases in Europe, and the spreading of multiple variants of the virus, remind us that we are not out of the woods yet. Health, and the cost of medical care, continue to be primary concerns for Americans during this time.
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Retiring While Black
Inequalities put many Black people on poor footing for retirement. Advice from Black seniors for a path to financial security. By Brian Vines
Addressing the financial literacy crisis facing women in America
Society must integrate financial awareness into education, as men, and particularly women, need to improve their financial knowledge.
April 12, 2021 2 MINS
The lack of financial literacy is perhaps one of the defining failures of the American educational system. Here is a disturbing irony: Americans represent the world’s most powerful economy, yet according to Brianna Lee Welsh, writing for medium.com, we spend two cents on financial literacy for every $100 spent on education. Welsh reports that this startling figure translates to the following set of disturbing numbers:
40% of adults rate their own knowledge of personal finance as extremely low and state that they need guidance.
CFP Board Names New D&I Director
The Certified Financial Planner Board of Standards Inc. (CFP Board) has named Dawn Harris as its director of diversity and inclusion (D&I) for the Center for Financial Planning.
In this newly created position, Harris will be responsible for advancing diversity and inclusion programs and growing the number of diverse CFP professionals within the financial planning profession.
“CFP Board and the center are committed to advancing a culture of diversity and inclusion throughout the financial planning workforce,” says
CFP Board CEO Kevin R. Keller. “Dawn brings experience and skills that will strengthen our D&I strategic objectives and programs that help drive a more diverse financial profession.”