Putnam CEO Faults 401(k) Shift as ‘Tax Gimmick’ Hurting the Poor
Robert Reynolds and Thomas Marra suggest that tax breaks have something to do with retirement savings.
10 Surprisingly Great Places to Retire in the US
Here are 10 cities ranked by U.S. News & World Report, some of which have likely never made such a list before.
2 Biggest Reasons Clients Trust Their Advisors
Vanguard assessed 32 skills, practices and behaviors for their effect on client trust. Interestingly, financial planning ability barely cracked the top 10.
New HUD Reverse Mortgage Rules Change the Game for Borrowers
HUD recently implemented new rules that may make a reverse mortgage line of credit substantially less attractive to many seniors.
Why Mutual Funds Are the Most Popular Investment for US Households: ICI
The mutual fund industry trade group reports that almost half of all U.S. households own mutual funds.
BofA Posts Its Best Profit in Six Years
Trading revenue falls 15%, fueled by slump in fixed income; net income climbs 13% to $5.59 billion, beating estimates.
2018 Social Security COLA Is Biggest in Years
The cost-of-living adjustment for next year is the largest since 2012 and will affect more than 69 million Americans.
Time Running Out to Fix Social Security, Medicare: BPC
Further delays could mean deeper cuts in benefits or increases in taxes or both, according to a Bipartisan Policy Center report.
Retirement Assets of Many Households Fell Between 2013 and 2016: CRR
The Center for Retirement Research reports that assets fell for households headed by someone age 35 to 54 and rose for older households.
15 Cheapest States for Long-Term Care: 2017
Genworth’s annual study on the cost of care nationwide, which includes home care and assisted living facilities, ranks LTC costs by state.