The former lieutenant governor of Maryland has been one of the driving forces in that state's forthcoming auto IRA program.
The average account balance was more than $348,000, up from nearly $287,000 a year prior, according to a new study. Brokerage accounts are favored by investors who want to be more active in managing their retirement assets.
Despite the difficulty of the conversation, clients are most often receptive to planning for health problems later in life, including diminished mental capacity.
Two clients complained to LPL about annuity contracts that differed from the ones they agreed to purchase, according to the regulator.
Being on video caused workers to become disengaged and participate less than if they spent the meeting off-camera, a recent study found.
Only about a third of U.S. savers are even aware that they pay fees on their retirement plans, a new report from the GAO found.
The company recently announced partnerships with Stadion and vWise for its Goals Optimization Engine.
Identifying skilled managers is difficult, and plan sponsors should be careful about choosing active management, an online book from the CFA Institute Research Foundation notes.
The plaintiff allegedly lost $24,000 when the fund was removed from the plan and his assets were transferred to a target-date fund.
Higher contribution rates and market returns pushed up retirement savings considerably, a report from Fidelity found.
