As the pandemic roils the financial markets, Americans increasingly seek the safety of guaranteed income as they enter their third act. But the rates and guarantees that have been selling points for annuities for years simply aren’t what they used to be.
The additional postponements cover trusts, estates and corporations, as well as individuals
Despite fee-disclosure requirements passed a decade ago, it's not easy for participants to figure out how much they're being charged
People within 15 years of retirement emptied target-date funds of a net $9.4 billion in March, according to Morningstar
The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills
The suits allege fiduciaries failed to secure lower fees for plan participants
Workers can receive as much as $5,250 for debt repayment, tax free, from employers
Concerns about shrinking portfolios, lost jobs may accelerate claims
Senate Finance Committee spokesperson says that it's ‘too early to know what the legislation might encompass’
Markets and the economy seem to be conspiring to shrink nest eggs
Retirement reporter Emile Hallez talks about his cover story on how the pandemic changes the market outlook for annuities
The sell-off in response to the pandemic has hit some industries' pensions plans, such as airlines', harder than others, two reports suggest
Voya Financial will rebate certain fees related to early withdrawals and loans through September
One-time rebate checks, relaxed rules on required minimum distributions and changes in tax filing deadlines are all pluses
Amid the pandemic, many plan advisers are focusing more on customer service, and the shift to working with clients remotely is likely to accelerate
The company failed to monitor plan fiduciaries' handling of investment and record-keeping fees, the judge wrote
Unless clients are in dire circumstances, tapping retirement assets now is a losing strategy
Meanwhile, the Social Security Administration is scaling back its hotline hours amid a flood of phone calls
Retirement plan sponsors might change their views on risk, especially for participants near retirement
The $2.2 trillion stimulus package makes retirement assets easier to access, but participants should proceed with caution
