Retirement

Social Security savings of $1.6 billion among reductions projected for 2014 and beyond

LIMRA research reveals that the majority of Generation X and Y consumers have little understanding of financial products and services and less than half make saving for retirement their top priority. Their situation improves, however, with the help of financial adivisers.

Non-qualified deferred compensations have been around even before the passage of ERISA in 1974.

Regulators should require financial advisers to give clients information to verify their credentials for advising senior citizens, the U.S. Consumer Financial Protection Bureau said.

An investment adviser will pay more than $120,000 to resolve U.S. regulatory claims that he lied to the California Public Employees’ Retirement System and other clients.

Left unchecked, Republicans say, Obama’s “entitlement society” will bankrupt the nation. “’Entitlement used to be a fairly positive thing,” says one historian. Until ACA, that is, and other more recent events.

The online tool, dubbed My Retirement Plan, asks people to answer questions about how much they save each month, and then projects how much income they can expect to receive at retirement.

So last week, the President’s budget was released, and in it were the expected restrictions and limitations on qualified retirement plan benefits.

Increased loan activity raises fresh concerns about preparation for employee retirement readiness.

It’s tempting to focus entirely on portfolio yield, duration, and quality when evaluating and recommending a Stable Value fund. But one feature is even more important.