Monica Banks Hines at Pruco Securities LLC

11/14/2024

Inflation, rate hikes, and ever rising prices have not stopped American buyers. Companies are reporting record sales despite looming recession indicators. Learn more about what has been fueling the economy this summer.

Economic data show higher prices and constant warnings of a downturn haven't slowed down American shoppers. The Fed is anxious. Companies are thrilled.

11/14/2024

As AI grows, so does its need for power - literally.

The race for better generative AI is also a race for more computing power. On that score, according to CEO Mark Zuckerberg, Meta appears to be winning.

11/12/2024

Recent findings from Prudential’s “2024 Pulse of the American Retiree Survey” reveal a significant shift in retirement planning. With the decline of traditional pension plans, 55-year-olds are now almost twice as likely to rely on 401(k)s compared to older generations. This demographic reports a median retirement savings of less than $50,000—far below the recommended eight times their annual income.
As financial advisors, it's crucial to address these challenges proactively. Here’s how you can help:

1. Educate on the Importance of Early Savings: Highlight the necessity of starting early to leverage the power of compound interest.
2. Budget for Retirement: Assist clients in understanding their current financial status and how it projects into their retirement plans.
3. Explore Income Streams: With the demise of pension plans, consider introducing your clients to alternatives like income-based annuity products and dividend-paying stocks and bonds to supplement Social Security.

See more insights from Brandon Goldstein, Financial Planner from Prudential Advisors and Dylan Tyson, President of Retirement Strategies - https://bit.ly/planadviser-pru-jun24



Annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office). Pruco Life Insurance Company, a Prudential Financial company, is solely responsible for its own financial condition and contractual obligations.

The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement age.

11/12/2024

The need for restorative sleep is often undervalued until health issues arise. Find out how to be proactive and improve your sleep hygiene.

11/11/2024

A new episode of PGIM Market Commentary is here – topics highlighted:
Market rally, rate cut odds, and the resiliency of the economy. 🎧 Listen here: https://bit.ly/pgim-marketcommentary

11/11/2024

On this Veterans Day, let’s pay tribute to the courageous individuals who have served in our armed forces. Your legacy of loyalty and service continues to protect our nation and preserve our freedoms. Today, we salute our veterans. Thank you for your service.

11/09/2024

With the skyrocketing rise of NIL-based deals for student athletes, it’s imperative for colleges to provide financial literacy education to ensure these young adults understand how to create priorities with their cash flow. Prudential Financial Planner and former NFL Athlete, Delvin Joyce, joins other industry professionals to share his commentary on this important topic.

Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies.

Last year, there was a 146% increase in NIL deals with almost 2,000 deals made across 16 sports.

11/07/2024

What do you think of the latest ChatGPT access in the palm of your hand?

Just watch out for hallucinations.

11/06/2024

According to a recent poll conducted by Prudential in partnership with OnePoll, it was found that while 70% of Americans plan to retire, they are not sure they will be able to. Of the surveyed participants, 40% of Americans who said they are not confident they can retire state a lack of savings is the cause.

Read on as Prudential’s Brad Hearn elaborates on these findings and how Prudential may be able to help you plan your financial future and keep your retirement plans on track.

New survey finds an alarming amount of Americans struggle with financial literacy. By Brad Hearn , president of Retail Advice and Solutions. Retirement is a monumental life goal, one that most Americans keep their eye on throughout their working life (and rightfully so!). 2023 is off to a shaky star...

11/05/2024

Find out how technology will help advance different aspects of the health world.

Verticals that will be most impacted by innovative developments in technology and science are the disciplines of medicine, biotechnology, and health.

10/31/2024

Learn how to get the most out of Chrome.

Chrome’s omnibox is not just for typing out URLs or searching Google. Use it to take notes, write emails, and chat with Gemini.

10/29/2024

Find out how little room you actually need to start your own garden.

Chef & activist Camilla Marcus’s new book gives the lay of the land.