Daily trading volume among 401(k) plan participants soared during the height of Congress' debt-ceiling debate, producing a massive transfer to fixed-income investments from equities, according to Aon Hewitt.
The 2007-2009 recession gouged the world's largest economy more deeply than previously estimated and the recovery lost momentum throughout 2010 before stalling this year, revised figures show, painting a bleaker picture that may raise concern over the outlook for U.S. growth.
Moody's places five Aaa issuers under review for possible downgrades. The reason? The states are vulnerable to cuts in federal spending, the rating agency says.
Plan sponsors should be able to send retirement plan info to employees digitally without getting permission, industry groups argue
DOL's latest start date — Jan. 1 — still too soon, industry group contends
Top universities are said to be soliciting applicants who have little chance of getting admitted. The reason? Critics say it's to generate both cash and buzz.
Creditors left holding the bag after Jefferson County goes bust; 'catastrophic mistake'
California eyes selling muni debt in $25 denominations; lower buy-in designed to attract more investors
After S&P lowered ratings on thousands of municipal bonds earlier in the week, traders braced for a massive selloff. They're still waiting.
MSRB warns against price manipulation in the wake of possible credit downgrades
State hedging against possible credit market chaos; lowest-debt rating of all 50 states
Tax breaks for investments and savings look to be prime targets for lawmakers; 'the fight is coming'
Poll reveals more Americans willing to give up home-loan interest deduction
The average closing cost on a mortgage jumped from around $3,600 to more than $4,000 this year. It's even more expensive in these ten states.
Workers are more likely to retire after a period of strong equity returns, but they may be leaving the workplace at a time when their nest eggs are at the most risk.
Younger boomers more optimistic about their finances but acknowledge that they will have to work some in retirement
Financial advisers are fairly clear about what is in store for their clients: taxes that are unlikely to go down and may rise.
A new study by the Government Accountability Office predicts that middle-class workers may well outlive retirement savings. The solution, the GAO says, is for workers to hold off on taking Social Security -- and buy annuities.
Analyst claims she didn't say what she seemed to have said when she said it on national television
Precious metal gains from race to debase currencies, now tops $1,800; BofA sees it at $2,000 in a year
