KeatsConnelly Cross-Border Weekly Best of the Web 2016-2-26

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week, we veer a bit off the cross border focus to highlight a couple very interesting pieces discussing the saving and investing for retirement. The first article offers an interesting look at some unexpected impact of saving for retirement. The second article offers a look into the potential financial impact for investors of differing regulatory requirements in the U.S. financial services industry.

Retirement saving makes one wealthy, healthy (www.usatoday.com) – If Ben Franklin were alive today, he might coin a different saying. Instead of “early to bed and early to rise, makes a man healthy, wealthy and wise,” he might say something – though it doesn’t quite roll off the tongue the same way as the original – to this effect: Saving for retirement makes a man — and no doubt a woman — not only wealthy, but healthy…

“Holding brokers to a fiduciary standard over the period 2008-2012 would have increased investor returns by as much as 2.73%” per year.” (www.linkedin.com) – Who’s Afraid of Placing Investors First? Registered investment advisers have been fiduciaries for decades, working in their clients’ best interests under the Investment Advisers Act of 1940, and ERISA. In fact, there are 11,400+ fiduciary RIA firms advising or managing $67 Trillion in assets for 30 million investors large and smaller, in retirement accounts and outside of them. They employ 750,000 individuals. So why is it that some in Congress, and less progressive firms in the financial services industry – the less progressive insurance, mutual fund, broker-dealer and banks – and their lobbyists, are so afraid of having to place the best interests of investors first? Why do they say it’s unworkable to be a fiduciary…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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