Erik Fromm, CPWA®, CFP®, CLTC®

At JCG we constantly preach the importance of “pre-retirement”, the 5-7 years leading up to your retirement date. While it’s great to see our emphasis echoed in the WSJ, the suggestions they make are…basic. Common sense. I said “duh” aloud reading them… Maximize retirement contributions. Consider when to take Social Security. Don’t overspend or take on unnecessary debt. This is generally good advice, but do you need to be told these things?  Aren’t these obvious to anyone who has built wealth and engaged in the most basic of financial planning exercises? Where are the more difficult subjects that individuals contemplating retirement need to focus on? Issues like how to efficiently execute a Roth conversion, avoid AMT when building tax-free bond portfolios, and minimize the impact of estate tax rollbacks.  Yes, due to their complexity these are typically left to wealth managers to execute. But neglecting them creates an illusion: that you only need “a few simple concepts [that] can help keep the bottom from falling out of a secure retirement” to quote the image extract. Respectfully, we disagree. Retirement planning can’t be summarized by a few simple concepts – at least not if it’s done properly. #wealthmanagement #financialplanning

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Top 5 Reasons Skloff Financial Group Should Manage Your 401(k) Account In a study based on nearly one million participant 401(k) portfolios, 69% of participants had inefficient portfolios and/or inappropriate risk levels. Retirement plan assets generally represent your largest investment asset. With Skloff Financial Group, your assets will be given the attention they require. 1. You are busy focused on your family and job. 2. You want comfort that your retirement goals will be met. 3. You want customized portfolio management. 4. You want a dedicated Financial Advisor you can speak with. 5. You want your investments managed by experts. https://lnkd.in/ev8_c45i

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Finding value in credit markets really comes down to how investors view risk. One of the best ways to get a sense of both risk and opportunity is by looking at credit spreads. While spreads indicate the market's perception of risk, it's up to investors to determine if they're getting value for their exposure.

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The newly released Plan Participant Survey Findings reveal insights on both saving for and sustaining income through retirement, and the need for financial professional guidance. Gain a deeper understanding of how participants are thinking about their retirement plans as well as what they want from their employers. Explore the full survey: https://bit.ly/4cTJV8a

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By servicing retirement plans, financial professionals have the potential for a long-term growth strategy for their clients and their practice. #RetirementPlans #SportsCoach #DefinedContribution #Service Important disclosures: https://bit.ly/2JzEDWl

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Here are 10 games financial professionals can use to practice having more effective client conversations. #Retirement #TeamBuilding #FinancialWellness Important disclosures: https://bit.ly/2JzEDWl

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Fidelity’s Matthew Fruhan believes the largest U.S. banks are set to dominate the market for the next 10 to 20 years. "I think it's going to be a three- or four-horse race, with the largest banks galloping away from the rest of the pack and taking organic market share… I see this as one of the best organic share-taking stories in the stock market," says Matthew. He attributes this outlook to increased confidence in bank deposits, potential regulatory changes, and the disproportionate benefits of AI investments. Read Matthew’s full thoughts here: https://bit.ly/4g7hANM

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DOL's new rule may hold plan sponsors accountable for workers' retirement advice post-retirement and redefine who qualifies as a fiduciary. Stay tuned. #RetirementPlanning Important disclosures: https://bit.ly/2JzEDWl .

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DOL's new rule may hold plan sponsors accountable for workers' retirement advice post-retirement and redefine who qualifies as a fiduciary. Stay tuned. #RetirementPlanning Important disclosures: https://bit.ly/2JzEDWl .

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Last chance to register for today’s webinar with Ed Slott and myself, discussing how you can grow your wealth management business with tax management and unpack the new secure act final regulations!

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Broadridge's Accredited Investment Fiduciary® (AIF®) Training provides ways to apply Fi360’s Prudent Practices®, fiduciary process and investment procedures with every client. You can join an elite group of financial professionals by enrolling in one of our in-person, virtual -or self-paced online AIF training options. Explore the AIF Training program and see how we can support your efforts to comply with the new U.S. Department of Labor Retirement Security Rule. http://spklr.io/6049vPIF #WealthManagement #AssetManagementInsights #fiduciary #PTE

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