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Money
When Navigating Windfalls Is a Rocky Road
Advisors say taking it slow, educating clients and developing a strategy can ease the impact of client anxiety and exuberance.
Only One State Left Where You Can’t Pump Your Own Gas
Its self-service ban, in effect since 1949, has a colorful history: It was born of a thuggish, Sopranosesque effort to thwart competition.
The Nobel Prize-Winning Professor Who Liked to Collaborate With His Adversaries
We know that money really does buy happiness, more or less, for most people, thanks to the latest and perhaps final work of Daniel Kahneman.
Minimum Wage of $20 an Hour Nears in California
The minimum wage is jumping to $20 an hour for most fast-food workers in California, making the rate the second-highest in the country.
Guiding Clients in an Increasingly Turbulent World
Natixis execs discuss client pain points that financial advisors must address and offer suggestions on how to reframe conversations.
Taking Stock: Advising Clients on Equity Compensation
Even if they get the financial and tax reasons for diversification, emotional ties to their business may fuel resistance. (By Kimberly Foss)
Generosity Can Undercut Parents’ Financial Well-being
Some parents like being the “family hero,” but advisors warn about the unintended consequences of pampering adult children.
Why Are Americans Wary of the Economy? Look at Nevada
Much of the unhappiness in Nevada, as in the rest of the country, centers on high costs for everyday items along with housing.
U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years
Net interest costs will be larger as a share of the U.S. economy than at any time since the U.S. government started keeping records in 1940.
How to Help Clients Sleep Better
Seniors are becoming increasingly jittery about affording longer retirements in volatile markets.
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Stress Is Mounting for Working Women: Deloitte
Burnout is being fueled by inflexible return-to-office mandates coupled with lack of support in the office and at home.
Raymond James Welcomes Tampa, Fla., Financial Advisor With $125M
Sloane Fox and her practice, Sloane Financial Planning in Tampa, Fla., previously were affiliated with Merrill Lynch.
U.S. Annuity Sales Hit First Quarter Record of $113.5B, up 21%
Fixed-rate deferred annuities dominated in the first quarter with $48 billion in sales, 42% of the total annuity market.
Business Groups Sue FTC to Stop Noncompete Ban
The suit called the ban “a vast overhaul of the national economy, and applies to a host of contracts that could not harm competition in any way.”
FTC Issues Ban on Worker Noncompete Clauses
The Federal Trade Commission says employers can no longer, in most cases, stop their employees from going to work for rival companies.
Inspire Investing’s newest faith-based ETF surpasses $100M AUM in 11 days
The new Inspire 500 ETF offers access to U.S. large cap, “biblically screened companies” at the lowest price point available.
Biden Rule Grants Overtime Pay to 4 Million Workers
The new Biden rule goes even further to extend overtime pay than an Obama-era rule that was struck down in court.