Retirement

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Former manager for New York pension fund sentenced to 21 months for taking bribes for brokers
RETIREMENT PLANNING JUL 13, 2018
Former manager for New York pension fund sentenced to 21 months for taking bribes for brokers

Navnoor Kang was arrested in 2016 and accused of accepting gifts, including drugs and luxury watches, in pay-to-play scheme.

Prospect of high cash distribution has investors chasing dividends through ETFs
MUTUAL FUNDS JUL 13, 2018
Prospect of high cash distribution has investors chasing dividends through ETFs

Funds that are seeing inflows largely steer clear of sectors like utilities.

Automatic enrollment in small-business plans is working
RETIREMENT PLANNING JUL 12, 2018
Automatic enrollment in small-business plans is working

Participation at 83%, versus 58% for plans with voluntary enrollment, Vanguard study finds.

Tax loophole from 1960s could let wealthy tap 21% corporate rate
TAX JUL 11, 2018
Tax loophole from 1960s could let wealthy tap 21% corporate rate

Provision related to investments held offshore could save wealthy Americans millions in taxes.

Retirees spend their golden years on campus
RETIREMENT PLANNING JUL 11, 2018
Retirees spend their golden years on campus

As seniors flock to live near universities, Purchase College in New York is developing a retirement community.

Tax loophole from 1960s could let wealthy tap 21% corporate rate
RETIREMENT PLANNING JUL 11, 2018
Tax loophole from 1960s could let wealthy tap 21% corporate rate

Provision related to investments held offshore could save wealthy Americans millions in taxes.

MassMutual offers active target-date funds managed by T. Rowe Price
RETIREMENT PLANNING JUL 10, 2018
MassMutual offers active target-date funds managed by T. Rowe Price

Tactical asset allocation funds will be available only in MassMutual-managed plans.

Efforts to help gig economy workers save for retirement gaining ground
RETIREMENT PLANNING JUL 10, 2018
Efforts to help gig economy workers save for retirement gaining ground

Focus turns to helping contingent workers build balances, bolster security

Improved health outcomes can boost retirement savings
RETIREMENT PLANNING JUL 10, 2018
Improved health outcomes can boost retirement savings

Reducing health care costs frees up more money to be invested.

SEC bars ex-LPL rep over variable annuity sales
LIFE INSURANCE AND ANNUITIES JUL 09, 2018
SEC bars ex-LPL rep over variable annuity sales

Massachusetts ordered Roger Zullo to disgorge $1.9 million in commissions.

Judge dismisses stock-drop suit against Allergan
RETIREMENT PLANNING JUL 09, 2018
Judge dismisses stock-drop suit against Allergan

Plaintiffs alleged that offering 'artificially inflated' company stock in the defined-contribution plan violated ERISA.

More about death and taxes
FINTECH JUL 06, 2018
More about death and taxes

Clients are doomed to pay more taxes. They need our help.

New ways to estimate and fund long-term care costs
RETIREMENT PLANNING JUL 05, 2018
New ways to estimate and fund long-term care costs

Advisers are challenged to protect against one of the biggest risks to a retirement plan.

Muni closed-end funds may be ripe for tax-loss sales
MUTUAL FUNDS JUL 05, 2018
Muni closed-end funds may be ripe for tax-loss sales

The vast majority of the funds have posted a loss this year, pressured by the rising cost of leverage.

RETIREMENT PLANNING JUL 05, 2018
The Life Insurance Agent as Financial Planner

Insurance is no longer just a one-off in planning.

What older people should consider when starting a business
RETIREMENT PLANNING JUL 03, 2018
What older people should consider when starting a business

Older people account for a rising share of entrepreneurs, but should assess their financial situation before jumping in.

Divorced women declare financial independence
RETIREMENT PLANNING JUL 03, 2018
Divorced women declare financial independence

Selling an engagement ring can jump-start savings.

Trade war could harm Americans' retirement savings
EQUITIES JUL 03, 2018
Trade war could harm Americans' retirement savings

Concerns of tariffs disrupting overseas earnings continues to brew.

Guggenheim accused of using cash from annuity unit to fund CEO's purchase of LA Dodgers
LIFE INSURANCE AND ANNUITIES JUL 02, 2018
Guggenheim accused of using cash from annuity unit to fund CEO's purchase of LA Dodgers

Case charges firm with 'siphoning' funds from insurance companies it owns.

Investors don't have a clue about using 401(k) savings, Cerulli says
RETIREMENT PLANNING JUN 29, 2018
Investors don't have a clue about using 401(k) savings, Cerulli says

Plan participants have no idea how they will use their 401(k) savings when they retire, Cerulli study shows.