The economic downturn spurred Americans over the age of 55 to make changes to their lifestyle plans, work/leisure expectations and investing strategies, according to a study released this week by AIG Life and Retirement in collaboration with Age Wave.
JP Morgan study also finds TDFs continue to have too much volatility embedded in their portfolio design, further complicating 401(k) wealth accumulation.
Guardian Retirement Solutions launched a new website, Retirement Style Matters, to help people understand that who they are affects how they invest and to bring clarity and focus to the planning process.
As pension plans gradually dwindle, the American Benefits Council says simpler relations with the PBGC, the IRS and the DOL will be necessary to keep the last ones alive.
Forty-three percent of Americans believe that a combination of spending cuts and tax increases are needed to solve the looming fiscal cliff, according to the results of a new national survey.
Uncertainty over the impending fiscal cliff brought the Bankrate.com Financial Security Index down to 97.1 in November, the third-lowest reading of the year. All of the components that make up the indexdebt, net worth, savings, job security and overall financial situationslipped over the past month.
The suit seeks to recover losses suffered by participants in the Maran Inc. Employee Stock Ownership Plan after the plan was allowed to purchase overvalued company stock.