Children don't always grow up to be the responsible types we hope for. My client Anne is divorced, with a traditional individual retirement account valued at $1 million.
The Pension Protection Act of 2006 included a provision that would permit non-spouse plan beneficiaries to transfer assets directly from the plan to a properly titled inherited individual retirement account.
The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.
Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.
The greatest risk facing the 401(k) system is that plan service providers will be declared legal fiduciaries as a result of litigation.
Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
There will be delays for the 2007 tax year both in processing and sending out refunds to the taxpayer.
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Because Congress was slow to take up legislation to protect taxpayers with moderate income from having to pay the alternative minimum tax, it is likely that the Internal Revenue Service will have to delay processing 50 million taxpayers, the acting chief of the agency told the nation's accountant association last week.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
The House passed a one-year reprieve from the alternative minumum tax for an estimated 23 million taxpayers.
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
Almost all adults enrolled in an automatic enrollment 401(k) plan are glad their companies offer the service.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.
Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.
