Single-payer healthcare could lead to major employee benefits industry shakeout
If Democrats win in November, single-payer healthcare could still be on the agenda. Its adoption would shake up the benefits industry.
Dave Lindorff
Contributing Writer
Tool helps plan sponsors focus on income
A recent survey of 3,300 working Americans conducted by Putnam Investments reveals that American households are on track to replace only about 64% of their current income in retirement significantly less than the 75% of income that most financial professionals recommend.
HSA participants invest more in 401(k) plans
For many employees faced with the prospect of having to save for rising healthcare costs and for retirement, it's important to understand that it doesn't necessarily have to be an either/or decision.
Study: HSA participants invest more in 401(k) plans
For many employees faced with the prospect of having to save for rising health care costs and for retirement, it's important to understand that it doesn't necessarily have to be an either/or decision.
Fallout from debt ceiling deadline overblown, strategist says
Investment strategist says debt ceiling deadline presents no real cause for concern for investors.
Many ways to count inflation: Whats a financial adviser or retiree to do?
When financial advisers are working with clients to figure out their retirement strategy, they need to factor in inflation into the mix. But the question is, how does one decide what inflation is likely to be years into the future when there are so many different ways to measure it even in the present?
Investors mull options as debt ceiling negotiations continue
Now that Standard & Poor's has issued a negative credit watch on U.S. government debt and acknowledged the possibility that no deal will be reached to raise the governments debt ceiling, what should investors do?
Mobile app lets advisers take it all on the road
The tech team at Fidelity Institutional Wealth Services this week has come up with a new way to help prevent independent financial advisers from enjoying their vacations: a new smart phone app that allows them to open client accounts and do electronic trading for clients from anywhere.
When it comes to onboarding, most firms are missing the boat
Wealth management firms are risking losing clients to competitors, losing a chance to gain new business through client referrals and are missing opportunities to deepen relationships with existing high-net-worth investors, according to a new study by Aite Group, an independent Boston-based research and advisory firm focused on the financial services industry.
Bleak retirement prospects for most boomers and their younger Gen-X siblings
Even if they bite the bullet and stay on the job well past retirement age and late into their 70s, most Baby Boomers and the Gen-Xers who follow them will not have enough savings to cover their basic retirement expenses and out-of-pocket health costs.
Banks, wirehouses brace for more breakaway brokers, advisers
Giant financial institutions and wirehouses that spent fortunes attracting and retaining top-producing brokers and wealth managers over the past few years may be about to get socked with a big wave of departures this year and, especially, in 2012.
Democrats blast proposal to redefine “fiduciary”
A group of Democratic members of the House, led by Rep. Carolyn McCarthy (D-N.Y.) and Rep. Rush Holt (D-N.J.), has written to the U.S. Department of Labor, criticizing a new regulation that would redefine the term fiduciary in the Employee Retirement Income Security Act of 1974 (ERISA).
Americans worried about retirement savings
Worries about the future of Social Security and Medicare, as well as the experience of the last market crash in 2008-2009 and the housing slump, have left an increasing number of Americans worried about whether they will have adequate resources to provide for their retirement years, which makes them more open to financial advice.