In a recent survey by HSBC Group, 37% of parents said saving for their children’s education is more important than saving toward retirement. So reports Plan Sponsor.
The Securities and Exchange Commission is unlikely to adopt a uniform fiduciary standard prior to the end of the Obama presidency. In the meantime, the regulator will observe the Department of Labor’s fiduciary rule, says SEC Chief Mary Jo White. So reports ThinkAdvisor.
Financial planners often form deep bonds with their clients, so retiring can be difficult as the milestone often involves severing or redefining long-term relationships. However, planners can take steps to ease the transition, according to Joni Youngwirth, managing principal of practice management at Commonwealth Financial Network. So reports the Journal of Financial Planning.