Financial Advisors

Retirees Fear Running Out Of Money— But Advisors Say A Different Risk Could Cost You Your Best Years

Tanya Rawat — Tue, 09 Jun 2026 09:45:20 +0000

Many retirees spend years worrying about running out of money. But financial advisors say another risk often goes unnoticed. Some retirees spend too little and fail to fully enjoy retirement.

"Overspending is risky. But underspending is risky too," financial advisor Zach Teutsch told CNBC, arguing that some retirees become so focused on preserving their savings that they miss opportunities to enjoy the money they spent decades accumulating.

According to a recent study by the Employee Benefit Research Institute, about one-third of retirees still had 100% or more of their original retirement assets remaining by their mid-80s. Craig Copeland, the institute’s director of wealth benefits research, said the findings suggest many retirees may be overly conservative with their spending.

"When you see so many people into their 80s still at 100%, you see people who are being way too conservative," Copeland said, according to CNBC.

However, the report also found evidence of significant asset drawdown among some retirees. According to EBRI data, about 20% of retirees who entered retirement with more than $500,000 in assets had less than 20% of their original savings remaining by their mid-80s.

Underspending Risk

Copeland said retirement spending remains one of the most difficult financial decisions because retirees do not know how long they will live or what future market returns will look like. He also noted that many people spend decades saving money and struggle to shift into a ...

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Cal Coast Credit Union Names Antonia Luna as Chief Operating Officer

PR.com — Mon, 08 Jun 2026 04:27:00 +0000

San Diego, CA June 08, 2026 --(PR.com)-- Cal Coast Credit Union, one of Southern California’s longest serving credit unions, has named Antonia Luna as Chief Operating Officer (COO).

A seasoned financial services executive with more than 30 years of experience in the credit union industry, Antonia is recognized for her expertise in strategic leadership, member experience, and operational transformation.

Luna joined California Coast Credit Union in 2017 and has progressed through several senior leadership roles, including Vice President of Operations, Senior Vice President of Branch Network and Support Services, and most recently as Executive Vice President of Member Delivery, where she led initiatives to strengthen member relationships, enhance service ...

Full story available on Benzinga.com

BankBound Launches Three New Solutions to Help Community Banks Compete in the AI Search Era

PR.com — Fri, 05 Jun 2026 20:33:32 +0000

A turnkey blogging platform, a premium Generative Engine Optimization (GEO) framework, and a managed website consent-compliance service give community banks new tools to build online authority, get found in AI-generated answers, and keep pace with a fast-changing privacy landscape.

Newtown, PA June 05, 2026 --(PR.com)-- BankBound, the digital marketing agency dedicated exclusively to financial institutions, today announced a significant expansion of its product and service lineup. Three new offerings — BankBound Hub, a turnkey blogging platform; an enhanced, premium GEO (Generative Engine Optimization) framework; and a managed website consent-management service — are designed to help community banks strengthen their online presence, earn visibility in AI-powered search, and navigate an increasingly complex web of data-privacy regulations.

The way customers find and evaluate banks online is changing quickly. Prospective customers increasingly turn to AI assistants and AI-generated search results — not just traditional search listings — to answer financial questions and compare providers. At the same time, publishing authoritative content remains out of reach for many banks whose website platforms lack a flexible, easy-to-use blog, and a growing patchwork of state privacy laws has raised the stakes for how institutions track and collect website data. BankBound's new offerings address all three pressures.

"Community banks are fighting for visibility in a market dominated by megabanks with marketing budgets they'll never match." said Ryan Young, Director of Business Development at BankBound. "These new solutions give them an efficient, practical way to publish great content, get cited by the AI tools their customers now rely on, and stay ahead of privacy requirements — all without adding headcount or technical complexity."

BankBound Hub: An SEO-ready blog for any bank website
BankBound Hub lets ...

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Wall Street's Biggest Bank To Reportedly Make Rare Retail Push For SpaceX's Historic $75 Billion IPO

Eva Mathew — Thu, 04 Jun 2026 08:02:38 +0000

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon will reportedly pitch SpaceX‘s upcoming initial public offering to thousands of the bank’s wealthy clients at a special event in New York on Thursday.

Dimon will be joined by JPMorgan executives Mary Erdoes and Marianne Lake, while SpaceX Chief Operating Officer Gwynne Shotwell and Chief Financial Officer Bret Johnsen are also expected to attend, Bloomberg reported, citing reviewed invitations. More than 2,500 clients are expected to participate, either in person or via broadcasts across roughly 90 locations in 26 states, according to the report.

JPMorgan did not immediately respond to Benzinga‘s request for comment.

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Las Vegas-Based Investment Manager Receives Top Performance Ratings from Morningstar(r)

PR.com — Sat, 30 May 2026 12:33:31 +0000

Winans Investments is the first investment firm based in Las Vegas to receive receive "5 Star" rankings from the prestigious global rating firm Morningstar(r). This helps establish Las Vegas as a growing financial service center.

Las Vegas, NV May 30, 2026 --(PR.com)-- Winans Investments, an independent investment management firm based in Las Vegas, has received "5 Star" rankings from the prestigious global rating firm Morningstar(r).

With over 11,000 advisor-managed ...

Full story available on Benzinga.com

JD Vance Says Trump Deal Approval Is Still 'TBD' After Reports Emerge About Possible Iran Ceasefire Extension; Dow Futures Slip, Oil Falls To $88.24

Ananya Gairola — Fri, 29 May 2026 02:01:09 +0000

Late Thursday, U.S. stock futures edged lower and oil prices retreated as investors weighed reports of a possible extension of the U.S.-Iran ceasefire agreement. Vice President JD Vance said it is still "TBD" whether President Donald Trump will sign a tentative memorandum of understanding with Iran.

Dow Futures Slip As Oil Prices Retreat

Dow futures fell 19.00 points, or 0.04%, to 50,724.00, while S&P 500 futures slipped 3.75 points, or 0.05%, to 7,578.00 and Nasdaq 100 futures declined 62.50 points, or 0.21%, to 30,244.50 as of around 8:46 p.m. EDT.

In commodities, WTI crude oil fell 0.74% to $88.24 per barrel. Brent crude slipped 0.44% to $93.30 per barrel.

Natural gas futures rose 0.12% to $3.289 per MMBtu.

Meanwhile, the U.S. dollar index stood at 99.026, up 0.03%.

Asian markets traded higher, with South Korea’s KOSPI gaining 2.45% to 8,386.02 and Japan’s Nikkei 225 advancing 1.60% to 65,726.11.

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Warren Buffett, Steph Curry Charity Lunch Auction Ends: Here's The Winning Bid Amount

Chris Katje — Fri, 15 May 2026 14:18:54 +0000

For the first time in several years, legendary investor and former Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) CEO Warren Buffett teamed up with a charity for a one-of-a-kind lunch experience. This year's lunch experience also includes NBA great Stephen Curry and his wife, Ayesha Curry, an entrepreneur and author. Here's how much the winning bid was for lunch with the trio.

Warren Buffett Charity Lunch Raises Millions

Hosted on eBay Inc (NASDAQ:EBAY) from May 7 through May 14, an auction for lunch with Buffett and the two Currys has reached its conclusion.

On Thursday night, the auction closed with a winning bid of $9,000,100.000. A total of 172 bids were placed by pre-qualified users, with a starting bid of $50,000.

The proceeds from the auction will be split between GLIDE Foundation and Eat. Learn. Play. Foundation, with Buffett matching the winning bid.

Buffett has supported GLIDE for years, raising more than $54 million for the charity since 2000, including $19 million paid for the famous lunch auction in 2022. The charity helps ...

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Poker Pro Annie Duke Reveals 3-Step Strategy To Spot Market Overheating, And Why Outcomes Aren't Just About Skill Or Luck— 'The Starting Point Is...'

Tanya Rawat — Wed, 13 May 2026 11:03:15 +0000

Annie Duke, the former World Series of Poker Tournament of Champions winner and author of Thinking in Bets and Quit: The Power of Knowing When to Walk Away, said investors often make costly mistakes by confusing lucky outcomes with strong investing decisions during speculative market rallies.

Speaking in an interview with MarketWatch published Tuesday, the poker pro turned investing coach outlined a three-step framework for evaluating markets that appear overheated. She said investors should first study historical market behavior, then ask whether current conditions are genuinely different from prior cycles, and finally prepare in advance for the possibility that their investment thesis may be wrong.

“The starting point is what I call the base rate," Duke said, referring to how similar market environments behaved historically. She said investors should examine whether valuations, momentum and investor behavior resemble periods that previously ended in corrections or bubbles.

Duke used Amazon during the 1999 dot-com era as an example of a company that appeared overvalued at the time but ultimately justified higher valuations because its business model differed significantly from traditional retailers.

She also advised investors to imagine scenarios where their investment thesis fails and identify warning signs early rather than becoming emotionally attached ...

Full story available on Benzinga.com