President Barack Obama called on Congress Monday to create an $8 billion fund to train community college students for high-growth industries, part of his broader pitch to make higher education more affordable for all Americans.
Theres a common misconception about how people plan for their retirement: They dont. And while it used to be something that would often work itself out, thats no longer the case.
More than eight in 10 households believe the current tax incentives to encourage retirement saving should be preserved, according to new research by the Investment Company Institute.
Prudential Investments named a new president. Stuart Parker succeeded Judy Rice in the position. Rice has assumed the role of chairman of the company until her retirement at the end of 2012. Prudential Investments is the mutual fund and wealth management business of Prudential Financial Inc.
While traditional pension plans were seen as a benefit on top of employee salary, today's employers factor 401(k) contributions into the overall salary equation.
INGs U.S. Retirement division devised a new asset allocation program to help 401(k) plan participants convert their savings to a guaranteed stream of income that will last through retirement.
The SPARK Institute has released spreadsheet templates of its Data Layouts for Non-Registered Investment Product Disclosures to Retirement Plan Participants.
Ten member companies have purchased SPARK and its lobbying wing, the SPARK Institute, transforming the retirement plan trade association into a non-profit.