Practice

Less than half -- 45% -- of Generation X and Y investors plan to contribute to Individual Retirement Account accounts for the 2011 tax year, according to survey results from T. Rowe Price.

A boost in United States and global equity markets led in January to a 1.7% increase in the funded status of the typical U.S. corporate pension plan, according to a newly released report from BNY Mellon Asset Management.

The Department of Justice announced that it filed a notice with the U.S. District Court for the District of Columbia to dismiss its antitrust lawsuit regarding the potential merger of Deutsche Boerse AG and NYSE Euronext.

The global effort by the U.S. government to catch American tax cheats intensified this week as France, Germany, Italy, Spain and the United Kingdom agreed to support a broad new U.S. law requiring foreign financial institutions to disclose information about the foreign bank accounts of U.S. citizens.

Only 20 years ago, more than half of all American workers said they were on track to retire before they reached the age of 65. Today, only about 23% of Americans say they’ll be able to retire by that age. Here are the seven largest obstacles standing between your clients and an early retirement.

Thanks to this strong yearly start in stocks, the typical plan’s funded status reached 74.1%, according to BNY Mellon Asset Management.

These days, investors of all ages are understandably concerned about socking away enough income and making the best investments today to ensure a comfortable retirement later in life. Only 20 years ago, more than half of all American workers said they were on track to retire before they reached the age of 65. Today, only about 23% of Americans say they’ll be able to retire by that age. But for those investors – and the financial planners they rely upon – who still plan to retire early – maybe in their 50s or early 60s – here’s an interactive slide show featuring seven of the largest obstacles standing in their way. Source: RetirementEgg.com

Steve Sanduski, The Prosperous Advisor, says too many advisors are stuck in a pattern that’s keeping them from making new connections and reaching their full potential. Here are five tips to help break that cycle.

This week, IRA expert Ed Slott tackles questions about how distributions from contributions including both pre- and post-tax dollars will be taxed.

Fifth Third Bank continues to build its high-net-worth service offering with two internal promotions.