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The use of new technologies and solutions will mean fundamental shifts in the financial services industry
December 22, 2020 6 MINS
Shutdowns, working from home, distance work arrangements and social distancing accelerated the adoption of a number of technologies for financial advisers. I’ve heard this statement numerous times from fintech CEOs and leaders: “Adoption is the next innovation.”
With the adoption of new technologies and solutions comes fundamental shifts in the financial services industry. Just look at this year many advisers and clients might not return fully to in-person meetings after having adopted technologies for distanced meetings and communications.
This change opens up the geographical market for advisers and consumers, in essence shifting the landscape of which clients you can serve and who you should be marketing to as an adviser. Let’s look at how some other technology adoptions in 2021 could shift the landscape for financ
Worried About Post-Election Taxes? Hereâs a Move You Can Make Now
If you think your tax bill could go up, specifically around your retirement savings, consider this workaround.
Author:
By Tiffany Lam-Balfour
This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.
While campaigning, President-elect Joe Biden highlighted his plans to make some revisions to the current tax code.
Now that the election has been decided, some people might be wondering how his tax plans might affect them.
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The 401(k) revolution has turned millions of American workers into their own pension plan managers. Now, as a growing number of these workers retire, they must convert their investment portfolios into regular income.
Enter whole life insurance. Whole life insurance has been derided for years because of high premiums and complexities. Buy cheaper term insurance and invest the rest, the conventional wisdom goes.
But a number of academics say that whole life, a form of permanent life insurance that builds cash value, can buttress investment portfolios and even boost retirement income if used correctly. They say that its stable growth allows consumers to pursue higher-risk, higher-return strategies with their other investments, while leaving more money to their heirs through the policy’s death benefit.