Don’t Break Our Thriving 401(k) System, Groups Urge Government
Wharton’s Olivia Mitchell weighs in on a study by three benefits groups calling 401(k)s a success and telling tax reformers to stay away.
IRA Owners Staying on Top of Retirement Planning
A report by ICI says IRA owners are likely to adopt other complex planning and savings behaviors like determining when to take Social Security.
ETF Assets Jump More Than 30% Over Past Year to $1.6 Trillion
The great majority of those assets were in domestic equity funds; mutual fund assets grow at much slower pace.
Rollovers From Employer-Sponsored Plans Fueling IRA Growth: ICI
Nearly half of traditional IRA-owning households in the U.S. say their IRAs contain rollovers from employer-sponsored retirement plans, according to ICI.
Americans to Congress: Hands Off Our Retirement Accounts
A survey released by the Coalition to Protect Retirement found 87% of Americans think retirement accounts should be “off limits” to Congress.
Americans Still Focused on Saving
Americans continued their commitment to saving in the first half of the year, according to an analysis of recordkeeper data by Investment Company Institute.
Asset Managers as SIFIs? No Way, Trade Groups Say
SIFMA and the IAA called on the Treasury to withdraw its report on asset managers' systemic importance, calling it biased and inaccurate.
Most IRA, 401(k) Balances Reached Precrisis Levels in 2011
The Investment Company Institute released on Thursday a pair of studies that show how far investors have come from the 2008 financial crisis.
GOP to Offer Temporary Debt Ceiling Plan
The plan would also permanently bar Treasury from using extraordinary measures to avoid default.
Obama Refuses to Negotiate ‘Under the Threat of Economic Catastrophe’
Some independent analysts say that the real debt limit deadline is Nov. 1, when the Treasury is scheduled to make nearly $60 billion in payments.