If the West Coast public pension giant gets its way, it will be paid before the issuers of municipal bonds will in cases of bankruptcy - radically altering the future of bonds as investments.
A survey of RIAs and fee-based advisors suggests that low-cost, tax-deferred investment solutions might be one way of calming investors nerves in the face of the looming and yet-unsolved fiscal cliff.
Only 48 percent of pre-retirees surveyed by LIMRA expressed any confidence in living the lifestyle of their choice during retirement. Working with an advisor can change that.
Despite their uneasy overall feelings about the stock market, investors still believe the government should do more to encourage Americans to participate in 401(k) plans.
IBM has opted to gift its employees with 401(k) matches just once a year, a cost-saving move that won't do much to calm an already edgy participant base.
Immediate eligibility and immediate vesting of a company match were among the trademarks of the top 401(k) plans in the nation, as well as costs averaging 0.29 percent.
Unionized workers in Hostess' multi-employer pension plan never received more than $22 million in company contributions, which went instead to prop up the flailing bakery.
One of the key players in a case involving fraudulent use of the New York state pension system will not have to serve jail time, despite pleading guilty over three years ago.
Those hoping to get everything in order for the end of Plan Year 2012 have some work to do - here's a rough guide of some of the DOL compliance reminders.
DebugScreen: mobile
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"summary": "Unionized workers in Hostess' multi-employer pension plan never received more than $22 million in company contributions, which went instead to prop up the flailing bakery.",
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