SEC Charges Atlanta Advisor With Defrauding Police, Firefighter Pension Plans
Firm breached its fiduciary duty by selling unsuitable investments to pension funds for the city’s police, firefighters and transit workers, the SEC says.
Can Anyone Make Your Retirement Money Last for Life?
The race is on for a product to help prevent retirees from running out of money without the drawbacks of annuities.
Supreme Court: Employers Must Review 401(k) Investments
The court has ruled in favor of participants in Edison International’s 401(k) plan who claimed company fiduciaries violated their duty to monitor three retail-class funds.
Washington Governor OKs Small Business Retirement Marketplace
Law uses Obama's MyRA plan to provide small business employees with access to retirement plans.
House, Senate Introduce Lifetime Income Disclosure Act
Participants in workplace retirement plans would receive an annual statement of how their lump-sum savings translate into a lifetime stream of monthly annuity income.
Dividend-Paying Stocks May Be Riskier Than Many Think
"Some of the highest dividend-paying stocks tend to be some of the riskiest,” says Jim Cahn, CIO of Wealth Enhancement Advisory Services.
5 Ways to Help Employees Boost Retirement Savings
Employers worry about pushing their employees too hard to save, but there are some ways they can help, Northern Trust says.
Top GOP Senators Press DOL to Extend Fiduciary Comment Period
Majority Leader Mitch McConnell and HELP Committee leader Lamar Alexander were among those sending the letter asking for a 45-day extension.
Sen. Hatch: SAFE Retirement Act Will Be Reintroduced
Senate Finance Chairman Orrin Hatch, R-Utah, plans to resubmit legislation to stop DOL from writing fiduciary rules for IRAs.
Advisor Helps Divorcing Women, Extends Franchise Nationwide
Candace Bahr has helped more than 10,000 women over the years through divorce workshops, while building a female-oriented niche business with $114 million in AUM.