The Firefighters' Retirement System, the Municipal Employees Retirement System and the New Orleans Firefighters Pension and Relief Fund invested a combined $100 million with Alphonse Fletcher Jr., a Wall Street financier.

Rep. Dave Camp's plan to overhaul the nation's tax code has been condemned by yet another retirement group, with the National Tax-deferred Savings Association (NTSA) denouncing the bill on Friday.

Physicians are on track to replace only 56 percent of their income in retirement, much lower than the income replacement rate of 71 percent Fidelity suggests for those earning more than $120,000 annually.

When asked the reasons for the delay, 79 percent say they can't afford to retire; 61 percent say they need health insurance and other benefits; 49 percent enjoy their jobs; 46 percent enjoy where they work; and 27 percent are afraid retirement will be boring.

Rep. Dave Camp's plan to overhaul the nation's tax code is facing a backlash from retirement groups urging legislators to recognize the overlap between tax policy and retirement security.

The plan from Camp includes new limits on breaks for retirement savings, health insurance and mortgage interest.

Another 36 percent believe they have too many or too few choices, according to a TIAA-CREF survey.

Investors are snapping up exchange-traded bond funds (ETFs) at the fastest rate since the launch of the first bond ETF in 2002, according to TrimTabs Investment Research.