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Billionaire activist investor says Apple worth 86% more than share price
INDUSTRY NEWS MAY 20, 2015
Billionaire activist investor says Apple worth 86% more than share price

Carl Icahn, who is urging the company to increase its buyback, says the maker of iPhones and iPads is poised to dominate in TVs and cars, too.

By Bloomberg
Saving for retirement should be advisers' top priority: Wharton's Marston
RETIREMENT PLANNING MAY 20, 2015
Saving for retirement should be advisers' top priority: Wharton's Marston

Finance prof says advisers not getting message of the value of delaying Social Security until 66 across to clients.

By Jeff Benjamin
Supreme Court hands down decision in key 401(k) lawsuit
RETIREMENT PLANNING MAY 20, 2015
Supreme Court hands down decision in key 401(k) lawsuit

Message to advisers: Mind recommended fund lineups, review plan sponsor contracts.

By Darla Mercado
Global bond market selloff is now described as 'violent'
EMERGING MARKETS MAY 20, 2015
Global bond market selloff is now described as 'violent'

Plus: Currency traders become the new yield producers, building a global portfolio, and what Yogi Berra might say about today's financial markets

By Jeff Benjamin
EQUITIES MAY 20, 2015
DoubleLine's Jeffrey Gundlach says Fed rate hike on hold

<i>Breakfast with Benjamin:</i> Renowned bond manager says lack of wage inflation will keep the Federal Reserve from lifting interest rates this year. But when it does, avoid junk bonds.

By Jeff Benjamin
Advisers like Rubio tax plan's simplicity, but shudder at details
RETIREMENT PLANNING MAY 20, 2015
Advisers like Rubio tax plan's simplicity, but shudder at details

Plan would cut almost all tax deductions, but also would eliminate taxes on estates and capital gains, dividends.

By Mark Schoeff Jr.
Raymond James bolsters indexed annuities and life wholesaling with acquisition
BROKER DEALERS MAY 19, 2015
Raymond James bolsters indexed annuities and life wholesaling with acquisition

Deal with insurance marketer Producers Choice is expected to give the broker-dealer greater control over the way annuities are wholesaled to its advisers.

By Darla Mercado
Lesson from presidential hopeful Rubio: Don't cash out your 401(K)
RETIREMENT PLANNING MAY 19, 2015
Lesson from presidential hopeful Rubio: Don't cash out your 401(K)

By withdrawing the retirement money early, the politician will have to pay a 10% penalty as well as regular income taxes.

By Mark Schoeff Jr.
George Soros pitches a currency move to prevent a third world war
EQUITIES MAY 19, 2015
George Soros pitches a currency move to prevent a third world war

<i>Breakfast with Benjamin</i>: The billionaire investor is calling on the United States to allow China's currency to join the International Monetary Fund's basket of currencies.

By Jeff Benjamin
Advisers blanch at Rubio cashing out 401(K)
RETIREMENT PLANNING MAY 19, 2015
Advisers blanch at Rubio cashing out 401(K)

Though most say it is never a good idea to take early distributions, the presidential hopeful should be in a better position than most to recover.

By Mark Schoeff Jr.
Gold bulls celebrate the strongest run since January
EQUITIES MAY 19, 2015
Gold bulls celebrate the strongest run since January

<i>Breakfast with Benjamin</i> Gold enjoys its best performance since January as the dollar's run takes a breather.

By Jeff Benjamin
Late-in-life children can tangle your finances. Here are four rules to help.
RETIREMENT PLANNING MAY 19, 2015
Late-in-life children can tangle your finances. Here are four rules to help.

Put retirement savings ahead of college; if you're older, you have less room for error, and you need to take care of yourself first.

By Bloomberg
FINTECH MAY 19, 2015
Robo-adviser jumps into college savings market

FutureAdvisor starts offering free online access to 529 plans, Coverdell Educational Savings Accounts, UTMAs and UGMAs, with hope that consumers will sign on to advice platform.

By Alessandra Malito
Investors jump into European stocks hoping for another QE ride
EQUITIES MAY 19, 2015
Investors jump into European stocks hoping for another QE ride

Record inflows raising concerns of a 'crowded trade'

By Jeff Benjamin
Slow start to Obama's grand 'MyRA' retirement savings program
RETIREMENT PLANNING MAY 19, 2015
Slow start to Obama's grand 'MyRA' retirement savings program

Treasury Dept. met its deadline but significant hurdles remain to get workers signed up.

By Bloomberg
ALTERNATIVES MAY 18, 2015
Assets in world's largest gold fund slump 48% to lowest level since financial crisis

Demand evaporates as stocks rally, investors prepare for higher U.S. interest rates.

By Bloomberg
Third Madoff employee avoids prison sentence
REGULATION AND LEGISLATION MAY 18, 2015
Third Madoff employee avoids prison sentence

David Kugel, who helped create fake securities trades as part of the $17.5 billion Ponzi scheme, received a lighter sentence after helping the prosecution.

By Bloomberg
Goldman Sachs says the bull market is getting long in the tooth
EQUITIES MAY 18, 2015
Goldman Sachs says the bull market is getting long in the tooth

<i>Breakfast with Benjamin</i>: Goldman Sachs analysts believe stocks' most recent record high could be the last for a while.

By Jeff Benjamin
The advice industry's age discrimination problem
INDUSTRY NEWS MAY 18, 2015
The advice industry's age discrimination problem

Only 30% of financial advisers are actively looking for clients under age 40, according to a new survey.

By Bloomberg
Help investors plug the $24 billion retirement savings leak
RETIREMENT PLANNING MAY 18, 2015
Help investors plug the $24 billion retirement savings leak

Workers forfeit an estimated $24 billion a year by not contributing enough money to their 401(k) plans to capture their employer's full match.

By Mary Beth Franklin