California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.
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.
Your client has invested in an LLC or LLP that sustains losses. Since the IRS considers him or her to be a limited partner, the losses are considered passive and the client is unable to offset salary and investment income with the losses.
The Senate bill contains tax credits for low- and middle-income families, but the House bill has proposals that would affect high earners.
Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.
The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
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.
Although the economy appears to be brightening, the insurance sector in North America will remain on a negative outlook, according to a report from Standard and Poor's Ratings Services.
Companies are starting to restore matching contributions to their 401(k) plans after extensive cost- cutting and signs of improvement in the economy.
A year after the onset of the financial crisis, advisers remain wary of insurers' financial health when recommending products, according to the <i>InvestmentNews</i> 2009 Insurance Product Survey.
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
The chief lobbying official for the Financial Planning Association is stepping down this month.
Sheryl J. Moore is mad as hell at the media, and she's not going to take it anymore.
Two bills aimed at protecting seniors from financial fraud were introduced in the House today, winning praise from the North American Securities Administrators Association Inc.
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.
The New York State Insurance Department is proposing a rule requiring more transparency about how the sellers of insurance products are compensated.
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.
