Retirement Trends

Market pros call it the Great Rotation. That's the long-awaited scenario when investors take their money out of bonds and sink it into stocks.

Only 39 percent of financial advisors create a written investment policy statement for their clients, which is a missed opportunity, according to Russell Investments latest quarterly survey of U.S. advisors, the Financial Professional Outlook.

The Montana House on Thursday backed proposed pension fixes from both sides of the aisle and delayed a final decision on which way to go.

Stocks opened higher on Wall Street, bolstered by strong earnings from some major U.S. corporations.

A proposal for issuing $1.5 billion in bonds to boost the long-term health of Kansas' public pension system advanced Thursday in the state Legislature, but Republican lawmakers who want to put new government employees into a 401(k)-style plan abandoned an effort to pass such a bill this year.

The Federal Reserve on Wednesday stood by its efforts to keep borrowing costs at record lows, saying it isn't yet convinced that the U.S. economy's growth can accelerate without significant help from the central bank.