Single, divorced and widowed older women are reducing their expenses by sharing a home or apartment with similarly situated women. A new website helps them find each other.
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
Shopping for an annuity, like shopping for a car, involves questions about the manufacturer of the product. Do their products perform as expected? Will service quality be high? Are they likely to stay in business? We show you where to look for answers.
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
During 2013, the personal wealth of Americans increased by $10 trillion: $2 billion from a rise in home values and $8 trillion from the rise in equity prices, according to this Harvard economist. People are spending more (which is good) but saving less.
The longer the DoL takes to draft a new version of its proposed fiduciary rule, the likelier it is that the re-proposal—if one ever appears at all—will be timid enough not to provoke the blowback from the investment industry that the first one did.
U.S. District Judge Patti B. Saris ruled on May 20 that MassMutual became a "functional fiduciary" when it decided to collect a 1% revenue-sharing fee from third-party mutual fund companies that were offered as investment options under the plan.
Mutual funds saw net inflows of $27.8 billion in April. For a second consecutive month, taxable bond mutual funds topped all other asset classes with monthly net inflows of $8 billion in April.