A Snapshot of Federal Student Loan Debt
Society of Financial Service Professionals | February 07, 2023After years of increasing, growth in counts of federal student loan borrowers, average annual amounts borrowed, and average cumulative debt owed appears to be moderating somewhat. Overall, though, more student loan dollars continue to be disbursed than are repaid, resulting in an expanding federal student loan portfolio. Nearly 43 million individuals—one in six adult Americans—have......
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What's A Good Marketing Budget for Financial Advisors?
Society of Financial Service Professionals | May 01, 2023A survey conducted for FA Insights by Design Study found that only 17 percent of financial advisors have developed strategic plans for their businesses....
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The Power of Becoming a Certified Financial Fiduciary: Unlocking Credibility, Trust, and Growth in Today's Financial Services Industry
Society of Financial Service Professionals | June 16, 2023In today's complex financial landscape, clients are increasingly seeking financial professionals who prioritize their best interests above all else....
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Nine Creative Innovations from the SECURE Act 2.0 of 2022
Society of Financial Service Professionals | July 12, 2023The SECURE Act 2.0 of 2022 law has substantially changed the financial planning landscape, and going forward it will not be business as usual for financial planners....
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Should We Be Worried About Deflation
Society of Financial Service Professionals | September 05, 2023As most of the developed world still reels from a year of energy price shocks pushing up costs and leaving many feeling a lot poorer, some observers are now raising the spectre of deflation – a sustained fall in prices....
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The U.S. “Housing Recession”
Society of Financial Service Professionals | September 13, 2023Economists often look to the housing market as an indicator of the health of the economy. As the COVID- 19 pandemic accelerated, the housing market was relatively strong, characterized by robust demand, rising prices, and increased construction....
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Is Rising Student Debt Harming the U.S. Economy?
Society of Financial Service Professionals | October 11, 2023Student loan debt in the United States has grown enormously in recent years and is now one of the largest forms of consumer borrowing in the country. Though the benefits of a college education outweigh the costs in most cases, many graduates are concerned about entering a weak job market and worry that lingering debt could hinder their financial futures....
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How to Get Your Finances Back on Track after a "Gray Divorce"
Society of Financial Service Professionals | October 30, 2023From 1990 to 2010, the divorce rate for people over 50 doubled. It’s leveled off somewhat, but continues to rise for people over 65. Longer life expectancies, economic gains for women, and reduced stigma have all contributed to the phenomenon of “gray divorce.”...
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The SECURE Act 2.0 and Its Impact on College Students and Recent Graduates
Society of Financial Service Professionals | December 04, 2023The SECURE Act 2.0 of 2022 made many changes that affect various segments of society, including young people. The purpose of this article is to address two major provisions of this new law which are meant to help college students as well as recent college graduates....
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529 Plans: Learn the Tax and Financial Planning Benefits of College Savings
Society of Financial Service Professionals | January 25, 2024Like so many items these days, college is getting increasingly expensive. Starting to save early can be a big help, especially if you look at investment opportunities offering tax free growth....
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