Supreme Court 401(k) ruling latest shift in favor of retirement savers

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Doing the right thing by retirement savers – could it be the new black? The U.S. Supreme Court ruled this week that employers have a duty to protect workers in their 401(k) plans from mutual funds that are too expensive or perform poorly. The landmark ruling – which was unanimous, sends a strong signal to […]

Retirement investors need patience as bond market wavers

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With bond markets in turmoil, what is a 401(k) investor to do? Probably not much. Retirement investors have enjoyed the best of both worlds these past two years: a bull market in both equities and bonds. But the bond market has been weathering volatility and sharp declines since late April, with prices falling and yields […]

Survey finds an unfounded rise in retirement confidence

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Denial is the first emotional stage of grief – and that may be where Americans are at right now in their attitudes about retirement security. The 2015 edition of the longest-running national survey of retirement confidence, released today by the non-profit Employee Benefit Research Institute (EBRI), reveals a second consecutive annual jump in the percentage […]

Romney’s huge IRA makes a comeback in Obama retirement proposal

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It was a memorable moment in the 2012 presidential race. In their October 16 debate, Defending his blind trust investments, Gov. Romney said: ROMNEY: Just going to make a point. Any investments I have over the last eight years have been managed by a blind trust. And I understand they do include investments outside the United […]

Thinking of an IRA rollver? Think twice

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John Turner wondered if he should roll over his federal government retirement account into an individual retirement account. So he called 15 IRA providers to get some guidance. That may sound like overkill, but Turner wasn’t really contemplating a rollover. He was calling IRA providers to test the truthfulness and value of their advice on […]

The trouble with financial literacy

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Financial literacy education is a mom-and-apple-pie proposition – who can be opposed to getting smarter about money? But I’m struck often by just how much the topic rings hollow as a solution to the retirement security crisis we’re facing. This week’s Reuters column looks at two recent studies touching on this topic. The American College of Financial […]

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How to navigate benefits if you’re working past age 65

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It’s no secret that Americans are working longer. But some are working well past traditional retirement age: the fastest-growing segment of the labor force is workers over age 65, according to the U.S. Bureau of Labor Statistics – and the growth is especially pronounced among workers over age 70. Working longer certainly can boost the […]

Time to declare “game over” for active fund management?

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Is it time to declare “game over” in the contest between active and passive fund management? Funds are pouring into Vanguard Group’s passively-managed index funds, with total assets at the firm nearing $3 trillion. No less a stock picking legend than Warren Buffett is endorsing passive – he has advised his own trustees to put […]

A landmark law at 40: How well is ERISA protecting workers’ retirements?

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Every American who has retired with economic security – or hopes to – should know these two dates in our history: August 14, 1935, and September 2, 1974. The Social Security Act was signed into law by President Franklin D. Roosevelt in 1935, and 40 years ago today President Gerald Ford signed landmark pension reform […]

Why 401(k)s won’t offer longevity annuities anytime soon

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Longevity risk – that is, the risk of outliving your retirement savings – is among retirees’ biggest worries these days. The Obama administration is trying to nudge employers to add a special type of annuity to their investment menus that addresses that risk. But here’s the response they’re likely to get: “Meh.” The U.S. Treasury […]