Retirement Planning

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RETIREMENT PLANNING SEP 27, 2009
401(k) balance tipping to the young

Same market, different outcome.

By Sara Hansard
RETIREMENT PLANNING SEP 23, 2009
Financial adviser jumps into race for U.S. Senate seat

A financial adviser from northwest Arkansas said he's seeking the Republican nomination to challenge Democratic U.S. Sen. Blanche Lincoln, joining an increasingly crowded field of GOP hopefuls.

By Associated Press
Congress won't permit lower cap on 401(k) contributions, top lawmaker says
RETIREMENT PLANNING SEP 16, 2009
Congress won't permit lower cap on 401(k) contributions, top lawmaker says

Congress is not likely to permit the IRS to lower employee 401(k) contribution limits, even if inflation continues to decline, said a leading House Democrat.

By Sara Hansard
RETIREMENT PLANNING SEP 15, 2009
John Hancock retirement unit to open up its retirement plan products to Edward Jones

John Hancock Retirement Plan Services today kicked off a relationship with Edward D. Jones & Co. LP, providing the firm's financial advisers with access to its retirement plan products.

By Darla Mercado
RETIREMENT PLANNING SEP 13, 2009
Companies reinstate their 401(k) matches - slowly

Companies are starting to restore matching contributions to their 401(k) plans after extensive cost- cutting and signs of improvement in the economy.

By Jeff Nash
RETIREMENT PLANNING SEP 13, 2009
FPA's head lobbyist to step down

The chief lobbying official for the Financial Planning Association is stepping down this month.

By Sara Hansard
RETIREMENT PLANNING SEP 11, 2009
Hard times lead to hardship withdrawals from 401(k) plans

Tapping 401(k) retirement funds to meet expenses is a last resort for many investors, but the relentless economic downturn took its toll this year, as hardship withdrawals saw double-digit increases, according to record keepers.

By Sue Asci
RETIREMENT PLANNING SEP 10, 2009
Hartford consolidates distribution units for retirement plans, individuals

The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.

By Darla Mercado
RETIREMENT PLANNING SEP 08, 2009
Obama makes it easer for small companies to set up 401(k)s

The recession has eaten into people's nest eggs so the government is promoting ways to make it easier to save for retirement.

By Bloomberg
RETIREMENT PLANNING SEP 06, 2009
Advice for cancer patients

The Dana-Farber Cancer Institute of Boston and the Massachusetts chapter of the Financial Planning Association are set to ramp up their groundbreaking free financial-planning coaching service for cancer patients this fall.

By Charles Paikert
RETIREMENT PLANNING SEP 04, 2009
401k contribution limits face potential fall

You've probably heard it over and over again: contribute up to the maximum amount in your 401(k) plan to improve your chances of a comfortable retirement.

By Bloomberg
RETIREMENT PLANNING SEP 04, 2009
LPL expands retirement platform for 401(k) advisers

LPL Financial is continuing to add to its platform of retirement offerings and products for reps and advisers focused on the 401(k) market.

By Bruce Kelly
RETIREMENT PLANNING AUG 26, 2009
Automatic enrollment quadruples over three-year period among retirement plans run by Vanguard

About 20% of the defined contribution plans administered by The Vanguard Group Inc. had adopted automatic enrollment by the end of last year, up from just 5% three years earlier, according to a recent study by Vanguard.

By Bloomberg
RETIREMENT PLANNING AUG 23, 2009
Account balances taken to next level

Retirement account holders at the Principal Financial Group Inc. can now receive weekly text messages outlining their 401(k) balances.

By Lisa Shidler
RETIREMENT PLANNING AUG 12, 2009
Fidelity: Workers again putting more into 401(k)s

For the first time in a year, more of Fidelity's 11.2 million plan participants have raised, rather than reduced, their contributions.

By Bloomberg
RETIREMENT PLANNING AUG 07, 2009
Investment Company Institute: 401(k) plans rich in low-cost mutual funds

Low-cost mutual funds make up most of the assets in 401(k) plans, according to a study released yesterday by the Investment Company Institute, a Washington-based industry trade group.

By Sue Asci
RETIREMENT PLANNING AUG 05, 2009
Top earners took hardest hits to their 401(k)s, EBRI study finds

The median asset levels in 401(k) plans dropped at least 15% from yearend 2007 to mid-June 2009, but the affluent and wealthy saw much heftier losses, according to a report released yesterday.

By Lisa Shidler
RETIREMENT PLANNING JUL 28, 2009
55- to 64-year-olds most likely to have health insurance in '07, EBRI study says

Adults 55 to 64 were most likely to have health care coverage in 2007, according to a study from the Employee Benefits Research Institute.

By Bloomberg
RETIREMENT PLANNING JUL 26, 2009
IRS kills 72(t) payment correction request

The Internal Revenue Service recently ruled that an improper transfer of funds from an individual retirement account from which the client was taking 72(t) payments triggered the 10% early-withdrawal penalty.

By MFXFeeder
RETIREMENT PLANNING JUL 26, 2009
Analysts assess winners and losers in health care reform

Depending on the outcome of health care reform, investment opportunities could be found in a variety of related sectors, including pharmaceuticals, biotechnology and even certain insurers.

By Darla Mercado