All generations have made headway when it comes to retirement savings, but Generation X is the weakest generation when it comes to finances, especially money management.
Americans are cutting back on their non-essential spending, according to a new survey by investing company Scottrade, Inc. The survey found that saving for retirement is becoming important, so people are doing more comparison shopping, using coupons and cutting back on things like new clothes and entertainment.
A new survey by Charles Schwab shows that three-fourths of advisors believe that the number of advisors becoming registered investment advisors will continue to increase, and more than half say they find the idea of becoming an RIA appealing.
The U.S. Department of Labors Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will meet Tuesday, March 13, at Labor Department Headquarters in Washington, D.C.
The Pension Benefit Guaranty Corp. released its 2010 pension insurance data tables. The tables offer information on statistical trends related to defined benefit retirement plans in the private sector.
Fidelity Investments reported strong growth in 2011 in defined contribution sales commitments in the small- to mid-market, representing assets of $6.6 billion. This was a 40 percent increase over the previous year.
As retail providers pull assets away from traditional mutual funds and into ETFs, they are spreading their remaining dollars among fewer providers, which has resulted in significant market consolidation.
With life expectancies on the rise, 58 percent of affluent Americans believe they could live to be 100; the implications on retirement finance are staggering.