Turns out the King of Pop was also the King of Debt. Michael Jackson left his heirs an estimated $400M bill. What to do if you're Jackson's estate attorneys? Sign a recording deal, of course.
The Labor Dept. is readying a proposal that would force service providers to make more plan info available. Meanwhile, a House committee is said to be unveiling similar legislation this week
In four years, more than 4 million baby boomers annually will reach the normal retirement age for full Social Security benefits.
Charities are getting increasingly nervous that the repeal of the estate tax may mean fewer donations this year from wealthy investors who opt instead to leave their estates to their families.
The temporary suspension of the estate tax is not spurring high-net-worth Americans to take action on their estate plans.
Apparently, seniors set aren't big readers — at least when it comes to information about their investments.
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.
Two life insurers are suing a trio of broker-dealers, accusing them of fraudulently selling to third parties variable annuities with lucrative death benefits on terminally ill individuals.
Carlos Slim, the world's richest man according to Forbes magazine, has acquired shares of BlackRock Inc., the world's biggest money manager, expanding his U.S. holdings.
Info from 24,000 of its Swiss bank accounts was stolen between 2006 and 2007, HSBC reported today. Tax authorities in foreign countries can expect to be hearing from the data bandits -- if they haven't already, that is.
Their parents are getting all the attention, but 30-somethings want (and need) financial advice. Now
With the life insurance industry recovering from a year of falling revenue, as sales of variable annuities, universal- and variable-universal life insurance all off, carriers are gearing up to make some changes.
The Minnesota Commerce Department claims that the insurer sold 541 contracts worth $28 million that weren't OK'd by state
Everybody dies. Not everybody plans for it, though. That's where financial advisers come in. Few professionals are as well positioned to offer guidance on this sensitive topic — or to steer clients to specialists such as estate planners or attorneys. Indeed, financial advisers, who meet with clients on a regular basis, sometimes for years, can play a pivotal role in getting them to get their affairs in order long before they face their own mortality.
Steep rate hikes are coming for long-term-care policies written a decade ago.
Even as long-term care costs skyrocket, many Americans have unrealistic plans for how they expect to pay for those services, according to a new survey from the Life Foundation.
New data finds that more than 2 million individual life insurance policies were sold via the Internet, direct mail and telephone.
Twenty years ago, investment adviser Greg Merlino woudn't take on clients unless they had at least $250,000 of investible assets.
The nascent secondary market for annuities and their guaranteed benefits could be stunted as the result of a vote last week by state insurance regulators to allow carriers to terminate the annuity benefits if a client sells the contract.
