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Should you buy an annuity from Social Security?

Peter Westerman | July 23, 2012

Looking for the best and cheapest annuity in town to satiate your Baby Boomer retirement needs? Wait until 70 to take Social Security benefits, and enjoy them.

Health insurer stocks slide

Peter Westerman | July 23, 2012

Shares of several big health insurers fell Monday as jittery investors dumped equities en masse because of new fears about the economic stability of Europe.

Medicare trumps private plans in patient satisfaction

Peter Westerman | July 23, 2012

Older Americans enrolled in Medicare are substantially happier with their health insurance than people who insure themselves or receive coverage through their employers.

House leaders wary of farm, postal bill showdowns

Peter Westerman | July 23, 2012

Senate-passed bills to cut farm subsidies and food stamps and overhaul the financially teetering Postal Service have been put on hold by House Republican leaders wary of igniting internal party fights or risking voters' ire three months before the election.

John Hancock also offers retirement fee primer for advisors

Peter Westerman | July 23, 2012

John Hancock has also launched a program allowing advisors to help explain the value of their soon-to-be-disclosed fees in retirement savings plans.

Hartford program helps advisors with 401(k) disclosure requirements

Peter Westerman | July 23, 2012

The Hartford's program is aimed at helping advisors demonstrate their value to clients as fee disclosure regulations begin to overwhelm them.

Poverty returns to record highs

Peter Westerman | July 23, 2012

The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.