A wide range of sweeping changes to the 401(k) system were proposed Tuesday at a hearing on how the market crisis has devastated retirement savings plans.
Public officials in all branches of government have a fiduciary duty to the citizens of the United States.
The House of Representatives on Friday approved a $700 billion bailout package and passed it along to President Bush who immediately signed it into law.
Advent Software completes acquisition of Tamale Software, and Minuteman Advisor Services offers an online portfolio rebalancing platform.
A program that allows seniors to make charitable contributions from their individual retirement accounts was extended to 2009.
The Senate breathed new life into the government’s scuttled $700 billion bailout package this evening when it approved a modified version of the bill by a vote of 74 to 25.
Two days after the House rejected a $700 billion financial services bailout bill by a vote of 228 to 205, the Senate will be voting this evening on a slightly revised package in the hopes of pushing the controversial legislation forward.
Financial advisers, economists, and others fear that the country may plunge into a deep recession — and possibly even a depression — if congressional leaders don’t hammer out an alternative rescue plan following Monday’s failed vote.
“It matters little what path a bill takes to become law. What matters is that we get a law,” said President Bush today.
“We need to work as quickly as possible to get something done as soon as possible,” he told reporters at the White House after the financial bailout bill defeat yesterday.
Perhaps, but not without a strong sales job to overcome the inherent inertia
The proposal includes boosting FDIC insurance limits on bank deposits, changing the SEC rules on mark-to-market fair value accounting, launching a net worth certificate program, resurrecting the old security transfer tax and introducing a mechanism to stem to the flood of foreclosures.
For as long as I can remember, there has been a business in helping investors minimize taxes withheld on dividends.
Investors who maintain self-directed 401(k) accounts or individual retirement accounts are increasing their investments in exchange traded funds.
Sallie Krawcheck may have spoken up one too many times.
Spencer Green didn't anticipate the current financial crisis when he created MeettheBoss.com, but Wall Street's problems may help the new networking site take off.
InvestmentNews argued last week that the entire regulatory system for the financial industry needs to be revamped, after an independent commission has thoroughly reviewed the factors that contributed to the mess.
