Retirement Advisor

The South Dakota Legislature acted legally when it trimmed the annual cost-of-living increase for retirees in the state's public pension plan during the recent economic crisis, a state judge ruled Wednesday.

The Detroit News reports that a failed $10 million pension fund loan that led to a businessman's suicide and an international manhunt started with a $100,000 bribe to former Detroit Mayor Kwame Kilpatrick's father.

Washington lawmakers agreed Tuesday to reduce benefits for future state workers who take early retirement, making a pact that had eluded them for months and delayed final action on the state budget.

What's the most prudent advice to a young client hoping to maximize his or her returns but not end up in the lost generation of Boomers, trying to recoup their post-meltdown losses?

Partnering the new rules for fee disclosure with a steady stream of informational social media can help improve participant involvement in their accounts.

Americans would rather change what they eat than give up their cell phones, downloads or digital TV services, according to a new survey conducted for the American Institute of CPAs by Harris Interactive. The good news is that only a small percentage of those surveyed said they would cut contributions...

New paper from Boston College claims working longer, reverse mortgages more effective strategies.

Montana Gov. Brian Schweitzer proposed an aggressive public pension fix Tuesday, a plan that comes as he nears the end of his term and one that faces a very uncertain future when it goes to his successor and the Legislature next year for potential implementation.