A New York regulator alleges that the insurer limited the returns of legacy variable annuity clients.
The SEC charged a pair of brokers, an investment adviser and others in an $80 million variable annuity scam that an SEC official called a "calculated fraud exploiting terminally ill patients."
The entirety of estates that are only 5% over the exemption are now subject to the tax. Some NYers are considering charitable gifts to winnow the size of their assets; others may move.
Senator calls for changes that would encourage retirement-age workers to work longer
New retirees can use monthly rather than annual earnings limit if they want to avoid a reduction in their Social Security benefits. In 2014, a person younger than full retirement age for the entire year is considered “retired” if monthly earnings are $1,290 or less.
The rational case for focusing not on the wealth divide, but on our ability to provide decent opportunities and minimum security for all.
Changes have some considering switching states – but be warned that that takes careful planning
Five-year rally restores $14 trillion to U.S. equity values, helping push participation rate of working Americans to 40-year lows.
The best way to help financial advisers understand the often-complex Social Security rules is to pose real-life client situations — typical of the questions I receive every day. And that's what I did at this year's Retirement Income Summit.
Advisers must explain the foolhardiness of dipping into retirement savings early — especially when a penalty is attached.
Retirement expert Mary Beth Franklin details the importance of adjusting client investment portfolios to cover the costs of long-term care.
The Department of Labor, headed by Thomas Perez, aims to assist plan sponsors understand costs after 2012 regulations pushed for more disclosure. The solution? A fee road map. Skeptics warn the map could be as complicated as the disclosure.
With inflation running at about 2.75% a year, you will need about $5 million to buy as much in 2074 as you can buy now with $1 million.
Investors are using the funds, which have exploded in popularity, as a side dish instead of an entree. As a result, they are exposed to too much risk, or too little.
<i>Breakfast with Benjamin:</i> Some big names, including Nouriel Roubini, are warning about a bubble in corporate bonds. Plus: Jeffrey Gundlach knows where the bond market bear is, insider trading on fantasy, should you drop health care coverage, cities not enjoying a housing recovery and about that West Antarctic glacier.
Founder of Garrett Planning Network says investors with low net worth can be served in a market where all advisers must act in their best interests.
Government pushing for greater use of annuities.
Wells Fargo report says few men or women are contributing recommended 10% to their 401(k).
Given the wide range of senior housing options now available, it's important to understand and prepare financially for the inevitable decision that each of your clients will have to make for themselves or a loved one: where should I live as I age? Working in collaboration with The Center for Innovative Care in Aging at the Johns Hopkins University School of Nursing, we focused on the most common housing options available for older adults and their families and some of the considerations that may guide a seniors' housing selection.
Premature withdrawals from retirement accounts have become America's new piggy bank, cracked open in record amounts during lean times by people such as Cindy Cromie, who needed the money to rent a U-Haul and start a new life.
