Tax Advisers Expect More than a Third of Clients to Convert to Roth >
March 10, 2010 -- A Fidelity Investments study found 40% of investors working with tax
advisers are now eligible for Roth IRA conversions, and more than a
third (35%) are expected to complete a conversion by year-end.
Americans Focused on Rebuilding Finances >
March 10, 2010 -- Americans are no longer dwelling on concerns about the economy and
instead are focused on rebuilding their finances for the future,
according to the latest Principal Financial Well-Being Index.
Analysis Shows How Using Home Equity Can Help in Retirement >
March 09, 2010 -- Americans' reluctance to use home equity to fund retirement could
result in more not being able to maintain their standard of living in
retirement, according to a new report.
More Workers, Retirees Turn to Financial Advisers for Help >
March 09, 2010 -- As Americans regain confidence in their ability to retire, more
workers and retirees turn to advisers for help, according to the 2010
Retirement Confidence Survey, released today by the Employee Benefit
Research Institute (EBRI).
Long-Term Savings Takes a Back Seat During 2009 >
March 03, 2010 -- Financial education provider Financial Finesse reports that employees focused more on short-term financial concerns in 2009 than on long-term savings.
Workers Age 60+ Putting off Retirement for Financial Reasons >
March 03, 2010 -- More than seven-in-10 (72%) workers over the age of 60 who said they
are putting off their retirement are doing so because they can’t afford
to retire financially, according to a new survey by CareerBuilder.
Mercer: DC Plan Recovery not as Strong for Older Participants >
March 03, 2010 -- Mercer reported that as of year-end 2009, nearly 70% of defined
contribution participant balances have returned to levels prior to the
stock market declines of 2008 and early 2009.
Most Middle-Class Americans Plan to Put Away Tax Refund >
March 03, 2010 -- Americans with a financial plan are especially likely to save their tax
refund, according to the First Command Financial Behaviors Index.
Average Cost of Retiree Health Care: $260,000 >
March 02, 2010 -- Health-care costs for retiring Americans, including nursing home care,
average $260,000 and can exceed $500,000, according to research
conducted by the Center for Retirement Research (CRR) at Boston College
and underwritten by Prudential Financial.
MetLife Finds ‘Middle’ Boomers Behind on Savings Goals >
March 02, 2010 -- Although Baby Boomers are typically treated as one big generation, they
actually comprise three different demographic groups, according to a
new study from the MetLife Mature Market Institute.