Category: Financial Wellness & Inclusion

Countering Market Volatility

Market volatility is especially unnerving after decades of working and saving. The antidote is smart, sound financial education, information and options. Fortunately, the Securities and Exchange Commission (SEC) adopted rules last June, and the National Association of Insurance Commissioners (NAIC) adopted a model regulation in February, to make sure people can get the help they … Continue reading "Countering Market Volatility"

Best Interest Advances Will Protect America’s Consumers

Nearly two years ago, the Fifth Circuit Court of Appeals struck down the Department of Labor’s misguided fiduciary regulation. That momentous decision triggered a series of thoughtful, well-reasoned measures by lawmakers and regulators in Washington, D.C., and across the country. These ongoing actions are part of a nationwide movement to provide American consumers the protections they deserve … Continue reading "Best Interest Advances Will Protect America’s Consumers"

Women Are Controlling the Purse Strings—So Why Aren’t They Confident?

[A version of this article appeared on LinkedIn] It’s not surprising that we in the life insurance industry think a lot about financial security. But this week, as I gear up to speak at two events regarding women and financial security, I’ve been reviewing some surprising numbers about women, money, and confidence. Women have made … Continue reading "Women Are Controlling the Purse Strings—So Why Aren’t They Confident?"

SECURE Act Will Give Retirement Savers a Better Way to Gauge Their 401(k) Accounts

What is your savings worth? Saving for retirement may seem simple: put money aside for later. Yet, how do you know you are on track? 401(k) benefit statements provide plan participants with their current account balance. According to Fidelity Investments, the average 401(k) balance at the end of 2019 was $112,300. For many, that may … Continue reading "SECURE Act Will Give Retirement Savers a Better Way to Gauge Their 401(k) Accounts"

ACLI Capital Challenge: A Fierce Race With Many Winners, Especially Financial Literacy

The ACLI Capital Challenge has been rescheduled to September 24 due to public health concerns caused by the COVID-19 outbreak. For more details, please click here. Three months from tomorrow, the 2020 election will take a backseat to another political race – one that is more crowded, but also more collegial. Make no mistake – the competition … Continue reading "ACLI Capital Challenge: A Fierce Race With Many Winners, Especially Financial Literacy"