Your Thriving Practice

In this month’s recap, we turn our attention to the rising profile of the FIRE movement, essential tips for first year financial professionals, how Secure Act 2.0 will benefit women, and more.

Secure Act 2.0 and how it impacts women

When Secure Act 2.0 was signed into law it marked a significant step forward in helping Americans save for retirement. And among the 92 provisions contained within the bill were several that may be especially beneficial to women. From part-time workers to military spouses, Secure Act 2.0 provides more opportunities for these groups to put away money for their golden years. Dig into this important piece of legislation and how it can help your female clients achieve retirement success.

Secure Act 2.0 and women

Are more people retiring early?

An increasing number of people are affirming their commitment to retiring early. The so-called FIRE movement (which stands for Financial Independence, Retire Early), has been gaining traction in recent years. So, what’s ignited this resurgent interest in retiring before age 65? And what are the challenges that come along with such a lofty goal? Financial professionals should be ready to help their clients who are interested in joining the FIRE movement. We broke down all the ins and outs over at Your Thriving Practice.

How to navigate the FIRE movement and early retirement

New podcast episodes: Evolving tech and the impact on the financial services industry

In a pair of new episodes on Global Atlantic’s Your Thriving Practice podcast, we dig into how the constantly changing world of fintech and insurtech is affecting producers. Guests include Steve Gresham , CEO of The Execution Project , Greg Hoffnagle , a partner at Goodwin , and Brock Scheck , SVP of Insurtech Partners & Platforms at Global Atlantic Financial Group , who talk about the challenges and opportunities presented by the growing role of technology in financial services. Click the link below to listen to the episodes and be sure to follow us wherever you listen to your podcasts.

Listen: Your Thriving Practice podcast

Surviving your first year as a financial professional

Starting any new job is tough, and that’s certainly true for financial professionals. We spoke with some experienced advisors to provide some valuable insight into how those early in their careers can find success. This is especially important as Baby Boomers make up a sizeable portion of the industry — opening new opportunity for younger financial professionals.

Making it through the early part of your career as a financial professional

What’s the future of Social Security?

It’s no secret that Social Security is in trouble — it currently pays out more than it takes in, and at its current pace funding would run dry by 2034. For financial professionals with clients in their 50s (or younger), this presents a challenge: how do you talk about retirement if Social Security is not a sure thing? One of our latest articles on Your Thriving Practice breaks down what your clients should know and what can be done to combat the uncertainty.

Social (in)Security: 3 things every client in their 50s must know