Practice

Putnam CEO seeks alliances between insurers and asset mangers to develop retirement solutions.

There is such multiformity among the baby boomers that not everyone even agrees on who exactly belongs in this group.

Ultra-high-net-worth families have given the firm a big cash infusion

The American Institute of CPAs is offering a CPA-oriented guide on Roth IRA conversions now that the old $100,000 income limit for converting a traditional IRA to a Roth IRA no longer applies.

Putnam Investments unveiled a new website for its 401(k) plans Monday that keys investors into a monthly retirement income figure, rather than their existing balance or a retirement savings target.

WASHINGTON – Senate Majority Leader Harry Reid has scheduled a vote for Thursday that would clear the path to a second term for Federal Reserve Board Chairman Ben Bernanke.

NEW YORK—Putnam Investments unveiled a new website for its 401(k) plans Monday that keys investors into a monthly retirement income figure, rather than their existing balance or a retirement savings target.

401(k) investors aided by professional investment advice—be it in the form of a target-date default investment, managed accounts or bona fide online advice—earn nearly 2% more (186 basis points) than those who do not receive such help, according to a joint study by Hewitt Associates and Financial Engines.

Bank of America’s Merrill Lynch Wealth Management unit has launched a new U.S. marketing campaign, “help2retire_____,” to illustrate individuals’ evolving retirement priorities and personal aspirations. Budgeted at $20 million, it launched Monday and is scheduled to run through the end of April on broadcast network and national cable TV, as well as print and online consumer and trade magazines, including sister publication Financial Planning.

In helping the middle-class save for retirement, President Obama may have also given a boost to the annuities sector.