Retirement Advisor

Some Social Security advocates fear that President Barack Obama's desire to cut taxes supporting the program will undermine its vaunted stature as a self-financing pension system that provides checks to retirees based on contributions they made while working.

Employee benefit plans want the right to waive a proposed rule that would require swap counterparties to give benefit plans extra scrutiny and advice.

Many older U.S. consumers would rather not finance a long term care (LTC) plan at all, but others would prefer to have LTC arrangements squared away before they reach age 65.

An economic advisor to former President George W. Bush unveiled a proposal on Friday to reform the current retirement savings system by replacing the current deduction for contributions to retirement savings accounts with a flat-rate refundable credit that would be deposited directly into a savers account.

With domestic markets in turmoil, U.S. participants in 401(k) and other defined contribution (DC) plans are hungry to put their money into overseas investments, even though many European countries are struggling with the same issues the United States faces.

The House Financial Services Committee on Thursday released a draft bill that would establish one or more self-regulatory organizations (SRO) to oversee investment advisors.

Although U.S. economic growth remains sluggish, the High Net Worth (HNW) market continues to expand and create opportunities for financial professionals who focus on it.

U.S. stocks plunged Friday, threatening to erase the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.