Retirement planning

Retirement and uninsured medical expenses are the most pressing financial concerns for Americans, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

The Department of Labor announced that beginning in August, it will require asset management firms to provide further information on the risks and benefits of investing in target-date funds, including details on their glidepaths, to employers and employees.

Seven of 10 employed individuals have given up on the idea of retirement, according to the 2010 EBRI Retirement Confidence Survey.

Seven of 10 workers expect they’ll need a job in retirement; only 23% of retirees currently have jobs.

NEW YORK—The financial services industry might want to take a cue from Domino’s Pizza before declaring “mission accomplished” on the economic crisis.

Between women living longer and financial crisis, they are concerned more than ever about not having enough money to last throughout their lifetimes. As a result, more women are buying income annuities to ensure they have sufficient retirement income.

A new survey says that many Boomers will be back on the job market this year looking for new opportunities, but they will face some (younger) competition.

According to Bank of America Corp.’s Merrill Lynch Affluent Insights Quarterly survey, affluent investors have become slightly less concerned about the economy’s impact on their ability to meet financial goals, but issues related to retirement and healthcare rank highest among financial concerns.

LIMRA’s 2010 Retirement Industry Conference in Washington D.C., this week was filled with doom and gloom, despite the recent surge of the Dow Jones Industrial Average.

Use of target-date funds is up significantly thanks to their status as qualified default investment alternatives under the Pension Protection Act of 2006 and the growth of automatic enrollment in company-sponsored plans, according to a new Vanguard study.

While automatic enrollment is boosting target-date fund assets, plan participants are choosing them of their own accord, too.

The gap between advisors and clients when it comes to what each thinks are the risks in retirement is vast.

For many boomers, unemployment is a reality they haven’t faced in decades.

Fidelity persists on path to nabbing more 401(k) assets, this time offering RIAs an all-in-one package to sell to their business clients.

Despite the potential heavy burden that long-term care could place on many Americans during retirement, very few have actually planned for it, according to a survey by Genworth Financial.

Assets increased 18% as more investors have started to seek out advice regarding their retirement nest egg.

A new study predicts that the number of older Americans working longer will accelerate over the next two decades.

Eaton Vance Management has launched the Eaton Vance Commodity Strategy Fund, which will take long and short positions in fixed income instruments, including derivatives, with the Dow Jones-UBS Commodity Index Total Return Index as its benchmark.

With the tax deadline approaching, investors are deciding whether to convert from a traditional IRA to a Roth IRA.

Ever since the recession began, everyone from media outlets to industry gurus have deemed 401(k)s a failure.