When deciding whether to delay Social Security or to take it early, calculate the break-even point to see how long it takes to recoup payments lost by waiting, Christy Bieber writes. Bieber suggests dividing the amount received through early claiming by the higher monthly benefit received if claiming is delayed.
There's no deadline for completion of the Securities and Exchange Commission's proposed rule governing investment advice, Chairman Jay Clayton says. "It's not this month, probably not next month," he says.
An industry group has produced an action list for financial-advisory firms to increase the diversity of employees and clients. Among items on the list are defining diversity, having diversity in interview panels and communicating diversity efforts to employees.
Benjamin Harris, who has served as chief economist to former Vice President Joe Biden, argues the income tax break for contributing to a 401(k) or an individual retirement account should be replaced with an upfront tax credit that is deposited directly into the account. The move would increase retirement savings for low- and middle-class families, Harris writes.
Alternative investments accounted for 7.2% of overall assets under management by US advisers in 2017, up from 5.7% the year before, Cerulli Associates said in a report. About 40% of advisers surveyed said they used alternative investments, according to the report.
A report from Hedge Fund Research says the second quarter brought 125 hedge fund closures, the lowest total since Q3 of 2007, although the number of funds opened was the fewest since Q4 of 2008. The second quarter's number of hedge fund openings surpassed the total of liquidations for the fourth consecutive quarter, HFR says.
Investors are increasingly pursuing the market for nonperforming loans in Italy and throughout Europe, as distressed credit managers have sought to provide attractive returns to the backers of such loans and help banks get rid of the bad assets. Buyers of nonperforming loans, however, can face legal, collateral and leverage risks, experts say.
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