Participants Want Income Strategy Advice, TIAA-CREF Survey Shows
Two-thirds of those surveyed were concerned about outliving their savings and about choosing the best way to draw income to live on from their savings.
End the D.C.-Wall Street Revolving Door, Two Academics Say
The phenomenal growth of derivatives over the past 30 year has made all our big banks more interconnected, and hence systemically risky, said Peter Boone and Simon Johnson.
Funded Status of Top 100 Pensions Dropped to 75% in Last Year: Milliman
In the past year, the funded ratio of the top 100 U.S. pension plans has fallen to 75% from 100.3%, according to Milliman.
SEC Votes to Strengthen Oversight of Rating Agencies
The SEC voted unanimously September 17 to create rules that would bolster oversight of credit ratings agencies.
Summer Rally Lures Some 401(k) Money Back to Stocks
Participants in 401(k) plans shifted $203 million to equities from fixed income in August, according to Hewitt’s 401(k) index.
Obama Administration to Block Conflicts of Interest in 401(k) Advice
DOL has killed a Bush regulation that would have let advisers affiliated with mutual funds or brokerages to advise 401(k) participants.
Annuities Are a Middle-Class Phenomenon: Gallup/Greenwald
Non-qualified annuities contribute significantly to the retirement security of middle-class Americans, Gallup Survey shows.
Early Reviews of PIMCO’s Payout Funds
Immediate reactions from advisors, retirement income consultants and academics ranged from skepticism to enthusiasm to uncertainty about the costs.
LifeYield Launches New Retirement Income Website
LifeYield's technology reviews the multiple taxable and tax-advantaged accounts held by family members and selects the most appropriate assets to liquidate.
InFRE Retirement Certification Wins Accreditation
The CRC is one of several retirement-related professional certifications vying for credibility at a time when the designation "senior specialist" has fallen into disrepute.
The Dollar Is On Plavix, Lipitor and Cialis
Given the possibility of higher inflation ahead, the new PIMCO TIPS payout funds may be just what the doctor ordered.
Obama Addresses Wall Street A Year After Lehman Brothers’ Collapse
The president gave Masters of the Universe a judicious scolding.
Sales of Indexed Annuities Soar in 2nd Qtr, Says Beacon
For the entire fixed annuity market, 2009 has been a bumper year so far. On a year-to-date basis, total market sales were an estimated $62.6 billion, 39% above first...
Retired Americans, Up Close and Personal, Via PBS
“The fact that there haven't been more television pieces taking a look at retirement is remarkable,” said documentary filmmaker Brian Boyer.
Obama Announces Workplace Savings Initiatives
The president told Americans, “If you work hard your whole life, you ought to have every opportunity to retire with dignity and financial security."
Many Nurses Need Help With Retirement Planning
Nurses tend to distrust “outsiders,” but most indicated they would attend a free, unbiased financial planning workshop sponsored by a professional nursing organization.
All Signs Point to an Aging Work Force
Nearly four-in-ten adults who have worked past the median retirement age of 62 told Pew Research that they delayed their retirement “because of current economic conditions.”
