Practice

This week, IRA expert Ed Slott tackles questions about rolling inherited annuities into separate IRAs and the rules and requirements regarding SEP IRAs.

The head of the Senate Permanent Subcommittee on Investigations called Thursday for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities, from off-share tax havens.

A study by Ameriprise Financial and Harris Interactive found that men outpace women in planning for the financial aspects of retirement at a ratio of 77% to 72%. However, women are more likely to say they have thought about what they would like to do during retirement.

The vast majority of U.S. households — regardless of demographic and financial characteristics — overwhelmingly support preserving the nation’s current tax incentives to encourage retirement savings.

Merrill Lynch agreed to pay a $1 million fine for failing to arbitrate disputes with employees about retention bonuses related to its 2009 merger with Bank of America Corp., the Financial Industry Regulatory Authority said.

Affluent investors looking for market cues to invest more toward their retirement this year are most watching stock market volatility and improvement in the job market, according to preliminary results from a Merrill Lynch semiannual survey.

State Street Corporation said its exchange-traded fund service, Total ETF, will use cloud-based technology to fully automate the development and management of a fund from basket creation through to trade processing and settlement.

The wealth management industry is adjusting to clients who increasingly expect that they should have anytime, anywhere access to their account information via mobile applications, according to a new study.

Payroll and benefits outsourcing provider Paychex has launched Paychex Advisor Select 401(k), an offering designed for fee-based financial advsors.

Reports focused on Gen X and multi-age workers reveal varied confidence levels when it comes to planning a retirement strategy.