And there's a 5% chance the tab could top $570K, according to a sobering study published this week by Boston College.
By integrating annuities into financial plans, advisers can take precautions against their clients' outliving their assets, according to a retirement income planning expert.
A former executive at UBS has agreed to pay nearly $2.8 million to settle civil insider trading allegations made by New York state regulators.
We expect to see job growth in the first quarter of 2010 and an improvement in labor and housing fundamentals throughout the year.
Sen. Tim Johnson, D-S.D., is circulating legislative language that would delete a requirement that brokers acting as advisers be registered investment advisers.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., said today he will work with Sen. Bob Corker, R-Tenn., a member of the Banking Committee, to write a new draft of the financial-services reform legislation the committee has been considering.
The stock market over the next several months will be most kind to those companies that have the ability to grow in a slower economy, according to Arthur Moretti, manager of the $1.1 billion Neuberger Berman Guardian Fund (NGUAX).
President Barack Obama is going to the heart of Wall Street on the first anniversary of Lehman Brothers' collapse to outline changes needed to prevent a future crisis like the one that sent the global economy into a tailspin last year.
The good news? The online brokerage added 7,761 net brokerage accounts in February. The bad? Daily average revenue trades fell by 20%
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.
In a speech at the 2010 Investment Adviser Compliance Forum, Elisse Walter, a member of the Securities and Exchange Commission, expressed strong support for the extension of the fiduciary standard for financial professionals, calling it “critical to comprehensive investor protection.”
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.
The Senate Special Committee on Aging is considering proposing legislation that would require all managers of qualified default investment alternatives to act as fiduciaries under ERISA.
An unexpected visit by an ING Financial auditor uncovered a potential scam at Breard & Associates Wealth Management. Now, infomercial star Rhonda Breard is facing fraud charges.
Wall Street firms 'doing God's work?' Apparently not, as a religious group confronts banks over 'immorality' of swaps
Apparently, seniors set aren't big readers — at least when it comes to information about their investments.
