They might be secure in their ability to handle business finances, but when it comes to personal finances or plans for retirement, small business owners arent all that sure.
Theres a new trend among retirees that could be costing them the comfortable retirements they probably dreamed of: giving away their money while theyre still alive, instead of bequeathing it to heirs.
Plan participants are, by and large, continuing to save for retirement, with hardship withdrawals holding steady and allocations staying pretty much the same.
City National Bank and its officers are in hot water with the Department of Labor, after the latter filed suit against fiduciaries of the City National Corp. Profit Sharing Plan over what it said were excessive fees arising out of self-dealing and conflicted transactions involving plan assets by those fiduciaries.
The robo advisor market just ventured a little deeper into the retirement arena with the launch of RetireGuide, which clues investors in on whether their investments send them in the right direction for a comfortable retirement.
Despite all the press about Social Security and its troubles, more people are looking forward to counting on that check in retirement than at any time in the last 15 years.