Minimum required distributions

Article Abstract:

Distribution rules for qualified retirement plans can provide further tax deferral and higher benefits. Distributions must begin by Apr 1 of the year following the year in which the participant reaches the age of 70 1/2. Minimum distribution can be calculated based on the life expectancy of the participant and a beneficiary. Using joint life expectancy allows the distribution to be extended over a much longer period. Minimum withdrawals can be met for 20 years with a remaining balance higher than the original investment.

Planning, Distribution, Qualified benefit plans, Retirement income

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Due care and financial planning

Article Abstract:

Financial planners should exercise due care when purchasing insurance policies for their clients and disclose all information to the clients. Insurance used to transfer risk to a third party, but that is no longer so and the insured retains a significant part of the risk. Therefore, clients deserve full disclosure of company and product performance, agent compensation, illustration assumptions and product pricing.

Analysis, Prices and rates, Practice, Life insurance, Fiduciary duties

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The marketing of financial services

Article Abstract:

Successful financial planners have had to adopt new marketing techniques in the 1990s including target marketing and endorsements from other professionals, according to a survey of 10 professional associates. Other adaptations include targeting small to medium-sized closely held businesses and professional practices, beginning with specific services, and only expanding after the relationship has been established.

Marketing, Surveys, Marketing management, Financial planners

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