More than half of millennials have recently lost their income, and almost no one is planning to buy a house, a report by Hearts & Wallets found
Retirement plan record keepers are lining up to help pilot savings programs that could run alongside 401(k)s
The payments present opportunities for scams, identity theft and low-tech crimes such as stealing checks from mailboxes
But an investor advocate sees the proposal as a ‘brazen effort’ to use the pandemic to promote the annuity sector
A plan participant claims the companies violated Erisa by failing to prevent a theft of more than $200,000 from her 401(k) account
Several factors are moving money out of plans, including provisions in the recently passed CARES Act
The regulator says Athene Holding Ltd. sold insurance in the state without a license
Survey shows 93% of advisers say clients have contacted them with concerns about their retirement plans
As the pandemic roils the financial markets, Americans increasingly seek the safety of guaranteed income as they enter their third act. But the rates and guarantees that have been selling points for annuities for years simply aren’t what they used to be.
The additional postponements cover trusts, estates and corporations, as well as individuals
Despite fee-disclosure requirements passed a decade ago, it's not easy for participants to figure out how much they're being charged
People within 15 years of retirement emptied target-date funds of a net $9.4 billion in March, according to Morningstar
The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills
The suits allege fiduciaries failed to secure lower fees for plan participants
Workers can receive as much as $5,250 for debt repayment, tax free, from employers
Concerns about shrinking portfolios, lost jobs may accelerate claims
Senate Finance Committee spokesperson says that it's ‘too early to know what the legislation might encompass’
Markets and the economy seem to be conspiring to shrink nest eggs
Retirement reporter Emile Hallez talks about his cover story on how the pandemic changes the market outlook for annuities
The sell-off in response to the pandemic has hit some industries' pensions plans, such as airlines', harder than others, two reports suggest
