Investment Instruments

Mayor Angel Taveras painted a bleak picture Thursday of the city's finances, saying Providence faces "devastation" and could go bankrupt if retiree benefits aren't cut and tax-exempt institutions like Brown University don't pay more in lieu of taxes.

Don't get caught serving two masters. Dr. Ron Rhoades, recently named fiduciary of the year, warns against revenue sharing and 12b-1 fees.

A new study by Prudential shows that many companies are turning to third party administrators to outsource their benefits administration.

The company also wants union approval to drop its traditional pension plans, which cover 130,000 employees and retirees. It would replace them with 401(k)-type plans under which the company contributes to workers' retirement accounts.

Despite the best of intentions, retirees tend to make the same money mistakes over and over and over again. But eventually you're going to run into trouble if you don't break the pattern of financial neglect. The money simply may not hold up in the long run.

Fidelity Investments has launched a new video series to help pension plan participants better understand their benefits as part of their overall retirement plan.