Connecticut-based Future Benefits Inc. serves more than 400 wealth management and retirement plan clients.
The B-D's $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.
A system built around inaction shouldn’t expect people to become more involved with it, much less bear responsibility for keeping their accounts safe.
The portable city-run plan would not require employer contributions.
Exchange-traded funds are generally more tax-efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.
One should always model and prepare for changes to the current reality, but the idea of moving money today based on an unknown reality seems a clear abrogation of duties.
A plan participant sued the company on behalf of the class in 2018, alleging that Lowe’s and the plan’s investment consultant, Aon Hewitt Investment Consulting, violated their fiduciary duties in connection with a fund on the plan menu.
The proposal would enable Americans to build retirement savings while repaying their student debt even if they can't afford to make their own contributions to a 401(k) plan.
With potential tax changes on the horizon, here are the IRA moves to make now.
Narrow Democratic majorities in the House and Senate provide plenty of political obstacles that could impede the president's tax plan.
The court found that the rule was unconstitutionally vague and gave the state too much latitude to find violations.
Keystone Retirement & Insurance Advisors is based in Houston.
The president promised tax increases on the wealthy to pay for ambitious plans to spend trillions on infrastructure, education and other Democratic priorities.
Training advisers to be financial coaches or mentors is more appealing to the younger generation. Rather than cold-calling or selling insurance or high-priced annuities, these younger advisers would be contacting 'clients' of their firm with the blessing, and fiduciary oversight, of their employer.
The annuities business, while being an early mover, still lags where some consumers want to see it, according to NYDIG. Recently, several insurance companies have made big investments in the firm.
Halo Investing will offer fixed, variable and registered index-linked annuities from several carriers.
While the IRS has not corrected the publication that suggested annual required minimum distributions under the 10-year rule, no one believes this to be correct.
Investors will see a more complete financial picture, not just retirement balances, the company says.
Social Security Administration Commissioner Andrew Saul warns that underfunding the system will increase benefit delays.
The president's tax package could take aim at a long list of sometimes obscure deductions, exclusions and loopholes that are favorites of the 0.1%.
