Practice

Low wage growth and no annual cost of living adjustments by Social Security will undoubtedly result in greatly reduced Social Security benefits, The Senior Citizens League said in a report issued Wednesday. Those who become eligible for benefits in 2011 will receive lower benefits than those born a year earlier.

The holidays are a great time to show your clients that you appreciate them and their business. If this is done well, it strengthens client relationships, helping with both retention and referrals.

While wealth management firms have increased communications in the wake of the financial crisis, their clients complain they don’t understand what they’re being given.

According to a survey, nearly half restored matches, increased participation.

From hot air balloons to bagels, 2010 proved to be yet another year in which states and municipalities passed some strange tax laws in a desperate bid to raise revenues and close their budget gaps.

On the same day it proposed new capital requirements for all institutions, the FDIC's board of directors approved a 2011 agency budget of $3.96B, a 0.7% drop from the previous year.

The key takeaway from 2011 will be the gap in economic performance between the developed and emerging economies, said Bank of America Merrill Lynch at its 2011 Year Ahead breakfast in New York City on Tuesday.

Baby Boomers are set to inherit $8.4 trillion, and have already inherited $2.4 trillion, according to The MetLife Study of Inheritance and Wealth Transfer to Baby Boomers. Overall, two-thirds of Baby Boomers stand to receive some inheritance in their lifetime.

While lavish recruitment packages are becoming the norm for Wall Street, all that glitters is not gold.

Anticipated declines range from 5% to as much as 50%.