CHICAGO, March 5- Back in the day, you could walk into a bank to open a new account and walk out with a free toaster. Today, you can get anywhere from $50 to $2,500 for rolling over a 401 into an Individual Retirement Account, or just by moving an IRA from another financial institution. That is worth $260 over three years if you max out your annual contributions at $5,500, or...» Read More
It is about time the government put tougher standards on retirement savings brokers, Vanguard Group founder Jack Bogle tells CNBC.
WASHINGTON— The Supreme Court appeared likely Tuesday to make it easier for participants in employee retirement plans to challenge companies' investment decisions that eat into retirement savings. The justices heard arguments in an appeal filed by current and former employees of energy company Edison International. Fifty-three million people hold...
WASHINGTON, Feb 23- U.S. brokers and financial advisers would face new constraints under a plan President Barack Obama put forward on Monday to reduce conflicts of interest and "hidden fees" that cost Americans billions of dollars in retirement savings every year. They would have an impact on thousands of brokerages, from large players such as Fidelity, Wells...
The Labor Department is readying new proposed rules on retirement investment advice, and the battle lines are being drawn.
WASHINGTON— Tapping the anxieties of aging baby boomers, President Barack Obama on Monday called for tougher standards on brokers who manage retirement savings accounts, a change that could affect the investment advice received by many Americans and aggravate tensions between the White House and Wall Street. The Labor Department submitted a proposal to...
NEW YORK— Lockheed Martin has agreed to pay $62 million to settle a class-action lawsuit that accused the defense contractor of mismanaging employee retirement accounts and using funds with excessive fees. Lockheed Martin agreed to settle in December, but terms of the settlement were disclosed for the first time Friday. In settling the case, Bethesda,...
Think saving for retirement is hard? Try planning how to draw down those funds. But these experts can help.
Singapore's 2015 budget will be keenly watched by residents hoping for more financial help and increases in health care spending.
Financial swindles like the sweetheart scam and impostor fraud are gaining ground, experts say, and women are at special risk.
Eight in 10 women have held back on talking about money with the people they are close to, a new study finds. The culprit: Low confidence.
Conventional wisdom says young investors should invest heavily in stocks. Some advisors say that's too risky.
Even minor cognitive changes can reduce financial decision-making ability, but many don't realize it.
Which financial tasks require a professional's help and which can you handle yourself? Here's how to decide.
About 72 percent of Americans report feeling stressed about money at least some of the time, and it takes a toll on health.
Older boomers who have already left the workforce have substantial financial security, a new survey finds. Here's why that can't last.
Longevity annuities can provide protection against outliving your savings—as long as you choose wisely.
With more than 300,000 financial advisors competing for clients, standing out is key.
Rebalancing periodically is a good way to maintain a well-diversified, risk-appropriate portfolio, USAT reports.
College savings plans will remain tax free, which is great news for the families who are using them to save for college.
A TD Ameritrade survey finds investment advisors are less bullish on the economy than in 2014, but are mostly upbeat on U.S. markets.