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Government workers get first crack at phased retirement
Virtually every survey of American workers finds the majority would like to ease into retirement, perhaps working part time for a few years before calling it quits completely. The problem is, corporate America has been slow to embrace the phased-retirement concept. But that could be changing. The
Retirement plan sponsors want more from advisers
A desire for greater expertise was cited as the primary reason for switching advice providers, says Fidelity survey
IRS losing the battle over mega-IRAs as company founders fill retirement accounts with nonpublic stock
Corporate and private equity executives can accumulate millions of dollars in tax-favored retirement accounts, taking advantage of gaps in the law and IRS enforcement, according to a Government Accountability Office study.The Internal Revenue Service has trouble fighting back, because legal
Why the IRS is toothless in the fight against supersized IRAs
On Thursday's Breakfast with Benjamin menu, the Government Accountability Office solves the riddle of the multimillion-dollar IRA. Plus: Oil stocks bounce on the Senate's Keystone 'no' vote, seniors can't wait for Social Security, and strippers pose a threat to the '1099 economy.'
Early detection of Alzheimer's would allow for better financial planning
Soon, a blood test may let patients know they have Alzheimer's 10 years earlier than it can be diagnosed today. Advisers say that is a lot of extra years to allow clients to save and make important legal and health care decisions.
SEC keeps fiduciary promises vague for 2015
Agency's annual report reveals higher percentage of adviser exams, and priorities for next year.
Prolific U.S. oil production raises questions about a new tipping point
Friday Breakfast with Benjamin highlights the downsides to cheap U.S. oil. Plus: Maybe you don't need long-term-care insurance, the high risks of not saving for retirement, Putin becomes a gold bug, and why you might get a raise in 2015.
Caution: New IRS rules for IRA rollovers come with risks for advisers
Guidance from the IRS on its one-IRA-rollover-per-year rule requires advisers to know where clients' money has been or risk a snafu that could sever that relationship.
SIFMA plans to step up opposition to DOL fiduciary-duty rule
Wall Street resistance has helped slow down a pending Department of Labor rule to strengthen standards for advisers to retirement plans. With a re-proposal slated for January, the Securities Industry and Financial Markets Association is urging more of its firms to contact Congress to oppose the ...
New Congress is unlikely to tackle Social Security reform
Now that the midterm elections are behind them, lawmakers can shift their focus to crafting an agenda for the 114th Congress that starts in January. But don't expect it to include Social Security reform. With solid majorities in both the House and Senate, Republicans are unlikely to squander their
IRA funds protected in bankruptcy
An Ohio bankruptcy court recently ruled that funds withdrawn from an individual retirement account and deposited in an individual's business account were protected in bankruptcy. Despite the fact that the IRA distribution was not rolled over to another IRA, it didn't prevent the funds from being ...
IRA rollovers under more scrutiny
Years of low-growth markets, combined with numerous geopolitical events, have kept advisers busy enough to be excused for missing a number of important developments that affect individual retirement accounts.
How Social Security annual increases are calculated
Some topics are a lot more controversial than others. But I was amazed when my October 1, 2014, article that correctly predicted next year's 1.7% cost-of-living adjustment for Social Security benefits several weeks before the official announcement triggered more than 80 vehement responses.Most of
Republicans expected to tackle retirement issues in 2015
Bipartisan spirit could lead to movement on key initiatives, including small employer 401(k)s; state actions also possible.
Now that annuities are OK in retirement plans, what strategy is best?
Morningstar researcher suggests 30% allocation to annuities – and more equities.