Boomers present a unique set of challenges as clients that make them a different kind of consumer than either the traditional retirees many advisors have based their businesses upon, as well as younger Gen X and Gen Y consumers.
Financial literacy is interconnected with the ability to properly plan for retirement, and therein lies the rub, suggests research from the George Washington University School of Business.
The Detroit News reports that a failed $10 million pension fund loan that led to a businessman's suicide and an international manhunt started with a $100,000 bribe to former Detroit Mayor Kwame Kilpatrick's father.
What's the most prudent advice to a young client hoping to maximize his or her returns but not end up in the lost generation of Boomers, trying to recoup their post-meltdown losses?
Partnering the new rules for fee disclosure with a steady stream of informational social media can help improve participant involvement in their accounts.
By collecting benefits before their normal retirement age, nearly three-quarters of all current Social Security recipients are receiving reduced benefits and limiting their retirement security.
With 408(b)(2) disclosures for plan sponsors looming just on the horizon, here's a checklist of five ways to properly communicate, explain fees and meet participant deadlines.
As a possible metric of an improving economy, the Urban Institute announced Monday that fewer workers aged 62 and older applied for Social Security retirement benefits in 2011.
National Retirement Planning Week kicks off with a renewed focus on maximizing Social Security benefits as part of an improved retirement vision for Boomers.