Fidelity Charitable distributed $11.2 billion in donor-recommended grants last year, nearly $1 billion, or 9%, more than in 2021.
A new study shows the rainy day funds of nearly 2 in 5 Americans wouldn't last them longer than a month.
A survey by the Senior Citizens League shows a majority of older consumers remain skeptical that the 8.7% Social Security COLA for 2023 will keep pace with rising costs this year.
Statistics show the baby boomers have median retirement savings of just $144,000 — at a time when Americans keep living longer.
Fewer retirement plan participants took hardship withdrawals to meet their immediate financial needs, according to the report.
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
Passing down season tickets from generation to generation can get hairy. It’s often worthwhile to bring in an estate planner or attorney to make sure it’s a clean handoff.
Starting next year, beneficiaries of 529 plans that have been in place for 15 years or more will be able to move assets into a Roth IRA.
As plan sponsors and plan advisors do their annual reviews of company retirement plans, they’ll spend a significant chunk of their time and energy coming to terms with 2022 before seriously looking ahead to the opportunity that is 2023.
There were 88 excess fee lawsuits against retirement plans last year, the second most ever, and Daniel Aronowitz of Euclid Fiduciary expects another busy year.
