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Despite the warnings from financial planners, relatives and the media, nearly two-thirds of Baby Boomers surveyed said social security will be either an "extremely" or "very" important source of income when they retire.

Twenty-seven percent say they are “not at all confident” they’ll have enough money, according to EBRI.

“I’ve been guessing we’re in the foothills of a long 20-year rise with cyclical interruptions,” said Dan Fuss, who runs the Loomis Sayles Bond Fund.

A New York judge has dismissed a class action lawsuit against State Street as the sponsor of a mutual fund, saying that even though the mutual fund misrepresented its risks, investors were not harmed. That's because the fund correctly calculated its net asset value.

Lawmakers on Tuesday moved forward with two legislative efforts to overhaul the U.S. tax code, which would either halt, or threaten, tax-exemption for new muni bonds.

Independent financial advisors are criticizing the Municipal Securities Rulemaking Board’s draft changes to its rule on gifts and gratuities, warning they don’t go far enough to eliminate conflicts of interest.

While saying JPMorgan Chase had capital to comply with new Basel III requirements, CEO Jamie Dimon said regulators had gone too far in crafting the international capital accord.

The House Financial Services capital markets subcommittee was expected to pass as early as late Tuesday eight bills intended to jump-start reform of the government-sponsored enterprises despite efforts by Democrats to oppose the measures.

Gen X and Y job seekers have values that align with the financial services profession, they just don’t know it.