Suits Against NYU, Yale, Duke Over 403(b) Fees a ‘Sign of Things to Come’
“This may be a whole new chapter in 401(k) and 403(b) fee litigation,” employee benefits lawyer Carol Buckmann says.
Social Security Turns 81
The program helps to finance the retirement of more than 40 million Americans but needs fixing to avoid payment cuts of 25% by 2034.
Millennials and Boomers Are More Alike Than You Think
Baby boomers and millennials share many similarities when it comes to saving and spending money, according to a TD Ameritrade survey.
Top Portfolio Products: Nuveen Launches Alternative Investment Platform
The platform, using technology from Artivest, lets advisors allocate alternative investments across client portfolios and monitor their performance.
CFP Board to Make Advisor Arbitration Results Public
All CFP Board arbitration results will be made public, with advisors' names removed in most cases, starting Sept. 12.
Using Roth 401(k)s to ‘Supersize’ Retirement Savings: Ed Slott
Younger workers are increasingly attracted to Roth IRAs, but Roth 401(k)s allow them to save even more, IRA expert Ed Slott says.
TDF Providers Should Offer More Than One Series: Cerulli
Target-date fund providers should offer more than one series of TDFs to meet the myriad needs of DC plan providers, Cerulli says.
SEC Charges Ex-NFL Player With Defrauding Former Coaches, Elderly
The player cheated seniors and coaches, donors, alumni and employees of schools out of $10 million, the SEC said.
Social Security Replacement Rates Fall as Wives Earn More
Although women make up nearly half of the U.S. labor force, Social Security is still designed for single-income couples, according to CRR.
Saving for Retirement Is Leading Cause of Financial Stress: Schwab Poll
Employee 401(k) plans underpin retirement savings, but participants could do more to maximize benefits, a survey finds.