Retirement

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Most expensive state for mortgage closing? Fuhgettaboudit
RETIREMENT PLANNING MAY 31, 2011
Most expensive state for mortgage closing? Fuhgettaboudit

New York tops the list, according to latest data; average cost up, Dodd-Frank blamed

Jeter fan spurns $250K collectible, gives back milestone ball
RETIREMENT PLANNING MAY 31, 2011
Jeter fan spurns $250K collectible, gives back milestone ball

'Mr. Jeter deserved it,' said Christian Lopez, who snagged Yankees' 3,000 hit; a valuable piece of baseball history

Biggest quarterly sell-off of munis since 1995
RETIREMENT PLANNING MAY 31, 2011
Biggest quarterly sell-off of munis since 1995

Fund firms, individuals cut back dramatically on holdings of tax-exempt debt

RIAS MAY 31, 2011
GOP, Dems on surprising sides of means-testing clash

You had to figure the issue of means testing for entitlement programs would split Republicans and Democrats. And it has -- just not the way you'd think.

LIFE INSURANCE AND ANNUITIES MAY 31, 2011
Tax reform delays don't slow efforts to educate Hill

Even though the conventional wisdom in Washington is that Congress won't get around to major tax reform until after the presidential election, financial and insurance companies, and adviser groups are working feverishly to build the foundation for that policy battle

Where the world's wealthiest clients are — and will be
RIAS MAY 31, 2011
Where the world's wealthiest clients are — and will be

The cumulative wealth of the world's richest households will more than double, to $202 trillion over the next ten years, according to a study conducted by the Deloitte Center for Financial Services and Oxford Economics.

LIFE INSURANCE AND ANNUITIES MAY 29, 2011
This insurer's stock price could rise 32% in the next year, says Bank of America

AIG shares vastly undervalued, analyst says; specter of government ownership still a turn-off

LIFE INSURANCE AND ANNUITIES MAY 27, 2011
MetLife's marketing of asset accounts 'deceptive,' judge says

Case against insurer dismissed, but wording in ruling likely to trigger more litigation, regulatory probes

LIFE INSURANCE AND ANNUITIES MAY 27, 2011
MassMutual, The Hartford skip retained accounts, cut checks for beneficiaries

Insurers among the few that buck industry trend of sending survivors checkbooks -- rather than lump-sum checks

LIFE INSURANCE AND ANNUITIES MAY 27, 2011
'Outraged' legislator's proposal targets retained-asset accounts

Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'

Cuomo probing insurers 'secret profits' from grieving families
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
Cuomo probing insurers 'secret profits' from grieving families

Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits

Fallen soldiers' families denied cash as insurers profit
LIFE INSURANCE AND ANNUITIES MAY 27, 2011
Fallen soldiers' families denied cash as insurers profit

Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'

Jackson's putting brakes on VA sales 'a whiplash'
LIFE INSURANCE AND ANNUITIES MAY 26, 2011
Jackson's putting brakes on VA sales 'a whiplash'

Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns

Financial firms help Japan
LIFE INSURANCE AND ANNUITIES MAY 26, 2011
Financial firms help Japan

Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters.

March of the millionaires on the rise -- particularly in Singapore
RETIREMENT PLANNING MAY 25, 2011
March of the millionaires on the rise -- particularly in Singapore

City-state has highest percentage of millionaire households; China now No.3 in total number of millionaire households

RETIREMENT PLANNING MAY 25, 2011
Don't raid an IRA to pay for college

John Hancock to pony up $1 million to Louisiana in death benefit flap
LIFE INSURANCE AND ANNUITIES MAY 24, 2011
John Hancock to pony up $1 million to Louisiana in death benefit flap

Payment to the Bayou State marks third such settlement for the insurer in less than two months

Connecticut is latest state to probe death benefit payments
LIFE INSURANCE AND ANNUITIES MAY 24, 2011
Connecticut is latest state to probe death benefit payments

Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.

Bill Miller: Tax plan will boost undervalued U.S. markets
EQUITIES MAY 24, 2011
Bill Miller: Tax plan will boost undervalued U.S. markets

Bill Miller, Legg Mason's highly-touted stock picker, believes that President Obama's tax cut plan will be a shot in the arm for U.S. stocks.

LIFE INSURANCE AND ANNUITIES MAY 23, 2011
Life carriers' risk controls under scrutiny