There's a way to catch-up on your retirement planning

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.

Catch-up contributions can help for retirement (Reuters)

Americans aged 50 and older are allowed to make catch-up contributions to their retirement accounts. Anyone aged 50 and older can contribute an additional $6,000 on top of the $18,000 maximum allowance for 401(k)s, and another $1,000 more than the $5,500 allowed for Individual Retirement Accounts. Reuters says, data from Fidelity found only 8% of workers are already maxing out their 401(k), but according to Vanguard senior analyst Jean Young, that number is up to 42% for those 50 and older who make at least $100,000 per year.

Shell’s CEO says low oil prices won’t last long (Business Insider)

Shell CEO Ben van Beurden says low oil prices aren’t here to stay. “The oil prices we are seeing today are not sustainable and are going to settle at higher levels,” van Beurden said. The statement comes just a week after Shell’s finance director, Simon Henry, suggested oil could fall below $20 a barrel.

DoubleLine launched its Global Bond Fund (Reuters)

On Monday, Jeff Gundlach’s DoubleLine Capital opened its Global Bond Fund to investors. According to Doubleline, the fund will invest mainly in debt obligations issued by governments and government agencies, and will have significant exposure to foreign currencies. “With the dollar having rallied so sharply in recent years, non-dollar-denominated assets now have much greater value than at any time since the founding of DoubleLine,” Gundlach said.

Working with accounts is a good way to get referrals (Financial Planning)

Often times financial advisors and accountants see each other as competition, but they are actually beneficial to one another. The two occupations can use one another as a referral source as both look to grow client wealth. Financial Planning says advisors should plan a partnership with an accountant, let the account handle the tax aspect and that trust is the key to any relationship.

The IRS won’t collect donor data from non-profits (Think Advisor)

The Internal Revenue Service says it won’t ask non-profit organisations to hand over donor information. Think Advisor says, the IRS withdrew its proposed regulation that would have made it optional for non-profits to give the name, address, Social Security number and amount donated to the agency. “Any day you score a huge victory over the IRS is a great day,” said FreedomWorks Foundation CEO Adam Brandon. FreedomWorks was among those outspoken against asking non-profits to voluntarily turn over the data.

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