It’s time to gather your wits and face the market. After last year’s harrowing plunge, it looks like most of us will finish 2009 with a small gain–Fidelity Investments reports that its retirement investors’ median return for the 12 months ending Sept. 30 was 0.4 percent. OK. it’s not much to write home about but [...] [...more]
Get ready for a big push from the mutual fund industry this fall urging you to convert your traditional tax-sheltered retirement account to a Roth IRA. The inspiration for the marketing drumbeat is a change in federal law next year that lifts the household income limit for eligibility to convert traditional IRAs to Roth accounts. [...] [...more]
Remember “The Newlywed Game”? Host Bob Eubanks would isolate just-married men and women and ask a series of questions to determine how well the couples knew one another–and embarrassed everyone in the process. The show started back in the ’60s but has never really gone away; there have been numerous remakes over the years and [...] [...more]
Fidelity Investments today responded to the market’s devastation by launching a major investor education campaign that will include hundreds of free seminars for investors around the country. The seminars will be available to Fidelity customers and non-customers; more than 500 are planned through March. The campaign also includes the launch of a set of free [...] [...more]
Small business organizations are gearing up to oppose–or at least water down–the Obama Administration’s proposal to mandate enrollment for all workers in new bare-bones IRA programs–the so-called Automatic IRA. The Wall Street Journal reported over the weekend that the National Federation of Independent Business and other small business groups are gearing up to fight the [...] [...more]
