Legislation that would require that all fees be disclosed to 401(k) plan participants in simplified form is needed, most of the panelists at a hearing on the legislation today testified.
Financial advisers this tax season are coping with what they say is an unprecedented level of client anxiety over recent tax code changes and the potential for higher taxes.
The Washington state Legislature has proposed a bill that would double the estate taxes for residents.
A handful of distributors are seeing a rising tide of wealthy-client assets going into individual retirement accounts.
More people are rolling over their 401(k) savings into IRAs when they leave their jobs or retire.
A push by officials in Washington to curb tainted IRA advice could spoil the party for brokers and plan service providers
The pension and actuary group sends a mea culpa to members after a financial advisory firm got hold of the association's mailing list for an upcoming conference.
And there's a 5% chance the tab could top $570K, according to a sobering study published this week by Boston College.
Turns out the King of Pop was also the King of Debt. Michael Jackson left his heirs an estimated $400M bill. What to do if you're Jackson's estate attorneys? Sign a recording deal, of course.
The Labor Dept. is readying a proposal that would force service providers to make more plan info available. Meanwhile, a House committee is said to be unveiling similar legislation this week
In four years, more than 4 million baby boomers annually will reach the normal retirement age for full Social Security benefits.
Charities are getting increasingly nervous that the repeal of the estate tax may mean fewer donations this year from wealthy investors who opt instead to leave their estates to their families.
The temporary suspension of the estate tax is not spurring high-net-worth Americans to take action on their estate plans.
Apparently, seniors set aren't big readers — at least when it comes to information about their investments.
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.
Carlos Slim, the world's richest man according to Forbes magazine, has acquired shares of BlackRock Inc., the world's biggest money manager, expanding his U.S. holdings.
Info from 24,000 of its Swiss bank accounts was stolen between 2006 and 2007, HSBC reported today. Tax authorities in foreign countries can expect to be hearing from the data bandits -- if they haven't already, that is.
Their parents are getting all the attention, but 30-somethings want (and need) financial advice. Now
Everybody dies. Not everybody plans for it, though. That's where financial advisers come in. Few professionals are as well positioned to offer guidance on this sensitive topic — or to steer clients to specialists such as estate planners or attorneys. Indeed, financial advisers, who meet with clients on a regular basis, sometimes for years, can play a pivotal role in getting them to get their affairs in order long before they face their own mortality.
Twenty years ago, investment adviser Greg Merlino woudn't take on clients unless they had at least $250,000 of investible assets.
