That best describes the underpinnings of middle-income Americans' financial decisions. And a new survey reveals just how much it's costing them.
Prudential Financial Inc.'s decision to cut off contributions into a slate of older variable annuities with attractive benefits has raised the ire of financial advisers, this time because they were given so little time to add money to the contracts.
Bows out of group LTC insurance; halted sales of individual coverage in March
Despite withering criticism from Democrats, it appears Mitt Romney's tax math does indeed add up. At least, that's the verdict from the non-partisan Tax Foundation.
Managers grab top honors in four of five asset classes at Morningstar.
New research from Wharton shows that many financial advisers are giving their clients shortsighted -- or plain bad -- advice about Social Security.
A source claims Vikram Pandit was ousted as Citigroup CEO due to a series of missteps, not one incident. The last straw? The sizeable accounting hit the bank took from the plummeting valuation of Smith Barney.
Headhunters say rivals are stepping up efforts to recruit Morgan Stanley reps. But will they succeed?
Bank of America on Friday agreed to a $2.43B shareholder settlement over the acquisition of Merrill Lynch. It's unclear if this bodes well for ex-reps who are suing the brokerage for deferred comp.
Checkered history of such institutions marked by high tuition, low graduate rates
Near 5% hike in 2012, far outstripping inflation; burden being shifted to parents
Gain from sale included in non-GAAP numbers in 2009 -- but hit from recent write-down wasn't
Higher percentage of parents now say they've put away $5K for kids' education; costs of private university can exceed $50K a year
An arbitrator this week said Morgan Stanley's brokerage unit is only worth $13.5 billion, not $22 billion. So how is that a victory for Morgan Stanley?
