Retirement planning

President Barack Obama’s new retirement accounts lack the most popular features of 401(k) plans. They offer no matching contributions, no prospect for eye-popping returns and no track record of employer support.

At the group's national conference in Orlando, president Tom Nally announces several new initiatives aimed at helping advisors expand their businesses.

President Obama's announcement of a new retirement plan for low- to middle-income Americans drew reactions ranging from hopeful praise to scorn from advisors who say many big questions remain to be answered.

President Obama's proposal for encouraging low-income Americans to set money aside in accounts with tax advantages is a limited step that may help bolster retirement savings.

As waves of baby boomers head into retirement, state and federal regulators expect to take a hard look at the programs firms have in place to ensure they are selling elderly investors appropriate financial instruments.

Most advisors make housing choices in their own lives, but fail to aid clients facing the issue, according to a Legg Mason survey of 506 advisors.

President Obama's inclusion of retirement security in Tuesday night's State of the Union Address was mostly welcomed by the benefits community, but left some disappointed by a perceived "attack" on the 401(k).

A number of advisors took to Twitter to discuss the "MyRA" accounts unveiled by Obama in his State of the Union Address on Tuesday.

When congressmen introduce bills that work at cross-purposes with the intent of Social Security, it's no wonder clients are confused too.

As tens of millions of baby boomers enter their golden years, Bank of America Merrill Lynch has appointed its first gerontologist to help advisors address clients' age-related concerns.

Western Asset Management, a unit of Legg Mason, will pay more than $21 million to settle charges of defrauding clients, the SEC said.

Clients often worry about the IOUs in the trust fund, which, while literally true, is unnecessarily alarmist. In the investment world, we call them bonds and they're not so scary.

Japan must make its $1.19 trillion public pension fund independent of bureaucrats without delay so it can boost returns, the ruling Liberal Democratic Party said.

Michigan would pay $350 million over 20 years to reduce bankrupt Detroit’s pension liabilities under a deal struck by Governor Rick Snyder and lawmakers.

The biggest U.S. phone company said its fourth-quarter results will include a non-cash gain of about $7.6 billion to account for changes in its pension fund and retiree benefit plans.

You've probably heard it's best to wait until age 70 to file for Social Security benefits, if possible. But do you know when it's advisable to wait even longer?

Social Security has major long-term issues to solve, but until then it's still a critical source of retirement income for clients.

Newport Beach, California, where four ranking lifeguards earned more than the town’s $109,677 median household income in 2012, may partially disband its municipal ocean rescue to deal with rising pension costs.

The state, which shoulders one of the biggest pension burdens, is bucking the wave of local governments trimming the benefits.