The best-interest rule is a game-changer for IRA rollovers

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A friend called recently looking for advice about her 401(k). Kate had decided to leave her job to pursue new career options, and money was tight during the transition. Should she roll over her $250,000 nest egg and withdraw some of the funds to help her through the career transition? An adviser at a brokerage […]

How gender pay gap haunts women even in retirement

Kathleen Burns Kingsbury

The gender pay gap is a hot topic in the presidential campaign, and President Barack Obama has been hammering on it, too. Women who work full-time, year-round, made just 79 cents for every dollar paid to their male counterparts in 2014, U.S. Census Bureau data shows. But the injustice of the gender pay gap also […]

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The 2016 Retirement Landscape: 5 Predictions

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“It’s tough to make predictions, especially about the future,” said Yogi Berra, the late baseball great.* But let’s give it a try: Here’s my forecast of the five most important stories that will unfold on the retirement beat in 2016. No market predictions here: In my view, the smart retirement investor owns a well-balanced portfolio […]

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How flat income growth late in your career can hurt your retirement plan

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How much will your income grow during the course of your career – and how much of that growth can you safely bake into a financial plan for retirement? For successful people in the middle of their careers, should your assumptions keep pace with inflation or go higher? For typical American households, the correct answer is […]

Wanted: More African American financial planners

Lazetta Rainey Braxton

Lazetta Rainey Braxton is a rare bird in the financial planning profession. She is African-American, a group that accounts for no more than 2 percent of all planners. Braxton, 42, is working to change that. She runs her own registered investment advisory firm in Baltimore called Financial Fountains. She also is president of the Association of […]

Premature retirement: Who faces the greatest risk?

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Planning to work longer to bolster your retirement finances? It can make a big difference, but it is tough to pull off. Half of all retirees leave the workforce earlier than planned due to a health problem or job loss. Blue collar workers with physically demanding jobs are most susceptible to early retirement, according to […]

When life events intervene in your retirement plan

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Financial plans typically assume a normal retirement age in the mid-60s or beyond, but life events have a way of intervening. Half of all retirees say they left the workforce earlier than planned, according to the 2015 Retirement Confidence Survey conducted by the Employee Benefit Research Institute. The key culprits include health problems or disability […]

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 […]

What does the robo-advisor food fight mean for investors?

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Here’s something you don’t see every day: two investment companies in a very public fight about values, greed and putting the interests of customers first. This is what has happened since Charles Schwab launched Schwab Intelligent Portfolios last month, making it the first major investment company to leap into the so-called “robo-advisory” market. These automated […]

White House fiduciary embrace is a turning point for retirement security

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Let’s say you’ve finally decided it’s time to get serious about planning for retirement. You stop in at the local office of a bank or brokerage firm. Perhaps you call an investment or mutual fund company you saw advertising on tv. The person you’re talking to calls himself a “financial adviser” – but most likely, […]