Many retirement plan record keepers have failed to capture their fair share of the IRA rollover marketand this oversight creates a massive opportunity for advisors, according to recent research from McKinsey & Co.
Advisors who are helping clients avoid running out of money before they die can best solve the problem by balancing those goals with available assets and liabilities.
The Securities and Exchange Commission plans to issue a proposed rule on money market funds in very short order, said SEC Chairman Mary Schapiro on Monday, which would reduce the funds susceptibility to runs.
With the growing uncertainty over Social Security's future, Americas workers are relying more than ever on their employers to ensure theyll have enough money to retireand this growing trend toward paternalism is being embraced by mutual fund and insurance companies.