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2 weeks ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka “Retirement isn’t just about number crunching; it is a significant emotional transition that manyclients simply aren’t emotionally prepared for,” says Financial Planning Association (FPA) President Paul Brahim.
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2 weeks ago | 
insurancenewsnet.com | Ayo Mseka
According to a recent study by Lincoln Financial, small business owners believe the right employee benefits, retirement plan services, and well-being solutions can help attract and retain quality talent, which is one of their biggest challenges, together with managing the cost of employee benefits.
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4 weeks ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka Most Americans believe that to gain long-term financial security, seeking professional financial advice early between the ages of 25 and 39 is "highly important" or "critical." This is one of the findings from Northwestern Mutual's 2025 Planning & Progress Study, which explores Americans' attitudes, behaviors, and perspectives on issues that impact their long-term financial security. So, why is it important to seek advice early in life? According to James Munder, wealth...
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1 month ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka We often read about the consumer's need for long-term care, but insights into what consumers think about the need for such protection is seldom addressed.
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1 month ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka Six in ten younger Americans—61 % of Gen Z'ers and 60% of millennials—are placing too much emphasis on building wealth and growing their assets without dedicating enough to protecting those assets and managing risk with life or disability insurance, according to Northwestern Mutual’s 2025 Planning & Progress Study. In explaining the focus of younger consumers on wealth building, Jason Thrap, wealth management advisor at Northwestern Mutual, said that it is wonderful to see the...
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1 month ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka It is May, and time for Disability Insurance Awareness Month (DIAM), the marketing campaign used by many agents and advisors to raise awareness about the importance of income protection for their clients and prospects and encourage them to consider disability insurance as part of their financial planning. Many industry studies have highlighted the dire need for income protection among American consumers. For example, the 2024 Insurance Barometer Study, conducted by LIMRA and Life...
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2 months ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka With key Tax Cuts and Jobs Act (TCJA) provisions set to expire at the end of this year, many CFP professionals are warning of significant risks to their clients’ financial goals. This is according to CFP Board’s latest research, the 2025 CFP Professionals Taxes Survey. This year will bring significant tax changes as key provisions of the TCJA, signed into law by President Trump in his first term, expire on Dec. 31, said Erin Koeppel, managing director of government relations and...
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2 months ago | 
cfp.net | Ayo Mseka
InsuranceNewsNet
Many CFP® professionals are concerned about how the expiring of key provisions of the Tax Cuts and Jobs Act can impact their clients’ financial goals, according to CFP Board’s latest research, the 2025 CFP® Professionals Taxes Survey.
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2 months ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka “The Future of Advice,” a new TIAA Institute study in collaboration with MIT AgeLab, reveals that only 40% of respondents said they are satisfied with the financial advice they receive. The study also highlights striking differences in how women and members of younger generations experience financial advice. Despite retirement planning being the top priority for financial advice, there’s a significant satisfaction gap in the financial advice that people receive, indicating a...
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2 months ago | 
insurancenewsnet.com | Ayo Mseka
By Ayo Mseka Many retirement savers, including pre-retirees, lack a basic understanding of Social Security benefits, according to a recently published paper by T. Rowe Price.
