Pennsylvania + Wall

By S. Duke Han, PhD, ABPP-CN 

Adults over the age of 65 hold about a third of the nation's wealth, and this proportion will increase as our society continues to grow older. While many older adults will reap the benefits of funds painstakingly accumulated over a lifetime of hard work, some will fall victim to scam and fraud and suffer a disastrous loss of financial independence. Financial exploitation of older adults is a serious problem that can have far-reaching repercussions, negatively affecting not only the victim, but also family members, caregivers, and their communities. .... Read more...

By Kenneth E. Bentsen, Jr. 

The following op-ed was published in The Hill February 9, 2017.

Over the last several days there has been a fair amount of chatter around the Department of Labor's pending fiduciary rule, which we believe could make retirement saving more difficult for many Americans.  I'd like to set the record straight. 

First, the industry has been working diligently over the past eighteen months to prepare to comply with the rule before it becomes applicable on April 10, 2017.  Our member firms have undertaken this effort not because we agree with the rule, either in whole or in part, but rather if it's the law, we comply. The industry will endeavor to undertake what its regulators task it to do, but that doesn't mean the rule is without flaws (it isn't), or that the implementation timeline wasn't realistic (it wasn't), or that the implementation timetable demanded by the rule won't have consequences (it will). Continue Reading....... Read more...