The managed payout funds have an optional feature that automatically calculates and distributes an investor's RMD from the account.
Plaintiffs alleged Merrill Lynch didn't apply fee discounts for mutual funds to which some small retirement plans were entitled.
The $16.75 million settlement comes after 10 years of litigation.
Those who are already receiving benefits could get a boost from a cost-of-living adjustment projected for next year. But will it make up for the negative impact of rising inflation?
These strategies can help stave off the increase in taxes that required minimum distributions usually cause.
Firms have trimmed their lineups of investment products, leveled broker compensation and standardized compensation across product lines
Relying on mainstream concepts is becoming dangerous for retirement plan advisers when working with clients.
The regulation will trigger a fiduciary acknowledgement from advisers. But, strangely, it's not a disclosure mandated by the rule itself.
While Washington wrestles with the fate of the fiduciary rule, the financial advice landscape remains supremely dangerous.
The fact that the impartial conduct standards are the sole requirement of BICE during the transition period speaks volumes to their importance to retirement advisers.
A request for information sent yesterday to the Office of Management and Budget is the first step in reviewing the rule, Mr. Acosta said. <b>Plus, <a href="http://www.investmentnews.com/article/20170607/FREE/170609954/investment-adviser-association-members-take-complaints-about-dol" style="color:#b10816" target="_blank">Investment Adviser Association members take complaints about DOL rule to Capitol Hill</a>.</b>
Tuition versus cost of living in the U.S., state by scary state.
But a significantly higher increase would not make up for the negative impact rising inflation has had on seniors' buying power.
One retirement study needs to make its results more meaningful in terms of actually identifying voluntary poor behavior.
Any trend toward smaller homes would be welcome news in many U.S. housing markets.
Experts in the financial industry, unsurprisingly, have a lot of suggestions for smart financial gifts.
"Don't blindly provide it because you're asked for it," says one expert.
Fidelity and Empower announced first-of-their-kind services in recent months, hoping to capitalize on demand for greater personalization and generate new sources of revenue.
The win could provide fodder in other legal defenses, and supports the contention that comparing fund costs to Vanguard doesn't always provide an accurate barometer.
Report predicts 7 million holders of retirement accounts could lose investment advice.
