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Consumers Lack Confidence in Financial Institutions
A survey by Nielsen found that only 28% of respondents were confident of the company that manages their investment or retirement accounts.
ING Site Allows Investors to "Keep up with the Joneses"
ING has rolled out a Web site aimed at letting retirement savers see if they are "keeping up with the Joneses" when it comes to their financial habits.
Sleep Deficit on the Rise
Be careful on the road: More than one-third of Americans reported dozing off behind the wheel, according to a recent poll by the National Sleep Foundation (NSF).
Retirement a More Distant Dream for Some
A survey commissioned by ING Direct found that almost half of respondents are clueless about how much they need to retire.
401(k) Embezzler Tied to Escort Service
Federal prosecutors have charged the former controller of one of Boston’s largest investment firms of diverting funds from the company’s retirement plan—to bank accounts linked to an adult...
Senate Committee Takes Aim at Target-Date Funds
The U.S. Senate Special Committee on Aging held a hearing about the economic downturn’s effect on retirement security, particularly for those who are on the brink of retirement.
House Committee Advised not To Scare Participants
While individuals speaking during the U.S. House Education and Labor Committee’s hearing on “Strengthening Worker Retirement Security″ described the nation’s retirement system as being “in peril,″ lawmakers were...
IMHO: Anything’s Possible
I’ve spent most of my life, certainly my adult life, confident that Americans, certainly in large part, are reasonable and rational.
IMHO: Anything’s Possible
I’ve spent most of my life, certainly my adult life, confident that Americans, certainly in large part, are reasonable and rational.
More Affluent Boomers Revamp Retirement Plans
More than half of affluent 60-year-olds are changing their retirement plans—double the number from the same survey almost a year ago, according to Bell Investment Advisors.
Census Data Show Strengthening DB to DC Trends
About two-thirds of workers in a new study identified a defined contribution plan as the most important component of their retirement savings.
Retirement Takes Priority over Saving for College
Parents saved less for college in 2008 than in years past, but those who received help might have fared better, according to a survey by the College Savings...
Affluent Americans Use SRI
Seven in 10 wealthy Americans reported having socially responsible/green investments (SRI), according to a survey by PNC Wealth Management.
Economic Experiences Influence Investment Behavior
A recent paper suggests the economic times people live through have a significant impact on how they invest.
Education Level Influences Plan Participation
The October 2008 Issue Brief from the Employee Benefit Research Institute (EBRI) indicates that workers with lower educational attainment have lower levels of retirement plan participation.
New Site Helps Young Investors Manage Finances
GenXpense.com, an interactive Web site offering important tools young adults need to skillfully manage their finances, has been introduced.
BoA Loses another Ex-Merrill Exec
Gregory Fleming, former president and chief operating officer of Merrill Lynch&Co., has left Bank of America to join Yale Law School’s faculty.
Younger Workers More Focused on Fiscal Fitness
Fiscal fitness, not physical fitness, is a slightly higher priority for younger adults than for older adults, according to a survey commissioned by Union Bank.
Retirees Consider Reallocating Assets
In wake of the market decline, a new MetLife study found that 42% of retirees surveyed are considering reallocating their assets to products that may provide a higher...