Your benefits statement is crucial.
TOPEKA, Kan. -- Security Benefit (SB), a leader in the U.S. retirement market, announced today two new Regional Vice Presidents in its Education sales distribution channel. Korie Henry will oversee the ...
Prudential Retirement announced today that it has added new plan sponsor client Faurecia and that Hartford HealthCare has consolidated 20 defined contribution retirement plans to Prudential Retirement.
WINDSOR, Conn., April 8, 2014 /PRNewswire/ -- Voya Financial, Inc. (VOYA), which is rebranding from ING U.S., announced today that it has hired Carolyn M. Johnson as president of its Annuities business segment, effective April 7. As an integral part of the company's Retirement Solutions operations, this segment is focused on driving growth and long-term success in the annuity and retirement income markets. In her role, Johnson is responsible for all aspects of the Annuities segment, including product, distribution, financial management and operational performance. She is also part of the Retirement Solutions executive leadership team, collaborating on overall business strategy and on key corporate-wide initiatives. Johnson will report to Maliz Beams, chief executive officer of Retirement Solutions.
The Teachers’ Retirement Board today selected ING U.S. as the new third party administrator, commonly called the recordkeeper, for the California State Teachers’ Retirement System
AUSTIN, Texas, April 4, 2014 /PRNewswire/ -- Texas public employee pensions slightly increased investments in real estate, private equity and energy, while decreasing exposure to U.S. domestic stocks and ...
Wells Fargo & Company announced today key trends among the 4 million eligible employees for whom the firm provided an employer-sponsored 401 plan in 2013. In a review of data compiled from 2,036 companies where gender was indicated, about half of all men and four out of 10 women are enrolled in their workplace retirement plan.
Lincoln Financial Distributors , the wholesale distribution business of Lincoln Financial Group , today announced the addition of two regional sales directors to its
Fidelity Institutional Wealth Services,®i a leading custodian for registered investment advisors and third party recordkeepers, today announced Retirement Plan Growth Strategies, a new program to help RIAs accelerate growth in their retirement plan business through consulting, tools and connections to the right resources.
WASHINGTON, March 19, 2014 /PRNewswire/ -- At the March 2014 Pensions & Investments Defined Contribution Conference, ICMA-RC received a first place Eddy Award for RealizeRetirement SM , a financial education ...
American International Group, Inc. announced the latest enhancements to their index annuity products, issued by American General Life Insurance Company, designed to offe
Gone are the days when people could rely on Social Security and pensions to build retirement wealth. Today, retirement means investors need to take a more active role in individual planning.
HARRISON, New York, March 13, 2014 /PRNewswire/ -- Transamerica Retirement Solutions announced today that it will host a webinar for financial advisors, consultants and third party administrators that ...
The Wells Fargo/Gallup Investor and Retirement Optimism Index jumped 12 points in the first quarter, rising to +37 in February from +25 in November 2013. The positive sentiment approaches the +43 of last May before the budget brinksmanship and partial government shutdown lowered investor optimism last fall.
A new analysis finds that nearly every state falls short in key areas that measure retirement readiness. The Financial Security Scorecard: A State-by-State Analysis of Economic Pre
Franklin Templeton Investments today introduced Income For What's Next, a comprehensive program geared to address the complexities and changing reality of retirement today and provide tools advisors can ...
According to Nielsen, 78 percent of Singaporean respondents say they plan to rely on their personal savings and investments as primary source of income after retirement. Respondents from Singapore stood most confident about utilizing personal savings and investments as their primary source of income when retired as compared to the other countries in Southeast Asia. The Nielsen Global Survey about Aging, which polled more than 30,000 Internet respondents in 60 countriesi, also revealed that 29 percent of Singaporean respondents plan to retire before they reach the age of 60 years. For almost half of Singaporeans (45%) their ideal retirement age is younger than their planned/actual retirement age.
Prudential Annuities, the domestic annuity business of Prudential Financial, Inc. , today announced the launch of IncomeCertainty.com, a key element of its strategy to h
Financial professionals who want their practices to flourish should deepen their retirement plan knowledge and focus. The greater the financial professional’s retirement plan know-how, the better the plan’s results — and the higher the client ratings.
EAXT GRANBY, Conn. -- via PRWEB - A comprehensive study found that 401(k) and 403(b) retirement plan sponsors who partner with a Professional Retirement Plan Advisor enjoy superior participant outcomes....
The Phoenix Companies, Inc. today announced the launch of Phoenix Personal Retirement Choice℠, a single premium fixed indexed annuity with an optional Guaranteed Lifetime Income Benefit rider.
Lincoln Financial Distributors , the wholesale distribution business of Lincoln Financial Group , today announced the addition of three regional sales directors to i
Prudential Retirement is now offering defined contribution plans its guaranteed income solution with Russell Investments’ line-up of institutional target-date portfolios. Prudential IncomeFlex Target® Russell LifePoints® Institutional Target Date Funds are available immediately.
TAMPA, Fla. -- via PRWEB - Aspire Financial Services, LLC, a leading provider of smart retirement solutions, today announced that it has partnered with the Worksite Financial Solutions Platform of LPL ...
As more Middle Americans look for ways to save for and transition into a successful retirement, one Midwest financial company is turning its focus to help this often neglected mark
Stadion Money Management , a money management firm known for its tactical investment solutions, all of which share Stadion’s defensive growth philosophy, toda
NEW YORK, Feb. 10, 2014 /PRNewswire/ -- J.P. Morgan Retirement Plan Services has developed a unique data visualization tool that gives sponsors and advisors a vastly improved view into the saving and investing behaviors of 401(k) plan participants. This "Plan Diagnostics Tool" visually presents the interaction of multiple plan design factors on employee outcomes. Companies can quickly recognize patterns in retirement plan usage and make meaningful plan design and targeted communications decisions to help motivate employees to adopt stronger investing habits. While other industries already use sophisticated tools to parse and analyze big data, J.P. Morgan is the first retirement plan service provider to offer an interactive tool that enables companies to diagnose their employees' investing behaviors across metrics such as age, salary, geography, years of service, business line, employee role and investment allocation.
During his State of the Union address, President Obama unveiled his new plan to increase retirement savings. The plan is dubbed “MyRA” and is geared for people without a company sponsored retirement plan. ...
Ameriprise Financial will launch its latest national ad campaign, “Real Questions, Real Answers”, on February 8th during the Sochi Olympics. The new ads, featuring Acad
The Newport Group, a national provider of retirement and executive benefit plans, has been recognized for its programs to help employees make better financial decisions.
The thinking on how to answer this critical question is changing.
The moment of retirement brings a sudden shift from earning a paycheck and planning for retirement to a new reality and the need for a different income stream. With thousands of ba
The U.S. retirement plan market may represent a historic growth opportunity for registered investment advisors , yet even experienced firms can be deterred by the time need
BlackRock, Inc. , the world’s largest manager of retirement-related investment assets, applauds the focus of President Obama’s State of the Union Address on improving financial preparedness for all Americans.
Boston, MA -- DALBAR, Inc. announced today that New York Life Retirement Plan Services (New York Life) was awarded the DALBAR Mobile Seal of Excellence for its MYLIFENOW app. Recipients of this award demonstrate ...
WINDSOR, Conn., Jan. 28, 2014 /PRNewswire/ -- ING U.S., Inc. (VOYA), which will rebrand as Voya Financial, Inc., in 2014, announced today that its Retirement Solutions business has been chosen as the exclusive service provider for the Regional University System of Oklahoma (RUSO) Retirement Savings Program. "ING U.S.'s approach to relationship management and expertise in supporting higher education plans was important in our decision," said Jessica A. Boles, vice president for Administration and Finance at East Central University. "We were impressed with the team's depth and breadth of experience and the full suite of investment, technology and education solutions to help our employees take greater control of their retirement planning and saving." As part of its commitment to advancing the retirement readiness of working Americans, ING U.S. will provide RUSO employees with access to industry-leading decision tools, as well as custom communication and financial education programs designed to drive positive savings behaviors.
Most registered investment advisors agree the U.S. retirement plan market represents a tremendous growth opportunity yet relatively few RIAs pursue this business in a significant way.
HARRISON, N.Y., Jan. 21, 2014 /PRNewswire/ -- Transamerica Retirement Solutions has been selected by North Shore-LIJ Health System as the new administrative provider for its employee retirement plans. North Shore-LIJ is the largest private employer in New York State. As one of the nation's largest health care systems, North Shore-LIJ delivers world-class clinical care throughout the New York metropolitan area with its 16 hospitals, 400 outpatient practices, and pioneering the future of medicine through its world-renowned Medical Research Institute and new medical school, the Hofstra North Shore-LIJ School of Medicine. "Transamerica's excellent track record and relationship with some of our hospitals was a deciding factor when selecting a single new retirement plan provider," said Gregg Nevola, vice president for total rewards at North Shore-LIJ.
According to a study released today by BMO Harris Private Banking, high-net worth Canadians reported that they require, on average, $2.3 million to be able to live out their ideal retirement lifestyle. ...
New quick enrollment from the Principal Financial Group® enables individuals to sign up to save for retirement in minutes with a text message. Traditionally employees have signed u
SPRINGFIELD, Mass., Jan. 8, 2014 /PRNewswire/ -- MassMutual's Retirement Services Division's dedication to and experience in serving the retirement needs of the Taft-Hartley market for more than 40 years ...
OKLAHOMA CITY, Jan. 8, 2014 /PRNewswire/ -- Retirement LLC – Series Two, based in Oklahoma City, OK, today announced that it has signed a definitive agreement to merge third party administrator (TPA) Capella Inc. of Sioux Falls, SD into Retirement LLC - Series Two. Capella is the largest retirement plan consulting organization in South Dakota advising and assisting companies with their qualified retirement planning. Capella was established in 1999 as a regional provider of tax qualified defined contribution plan services. Today the firm partners with financial professionals, bank trust departments, CPAs and attorneys, and has grown from a regional service provider to national provider with clients across the United States.
RALEIGH, N.C., Jan. 7, 2014 /PRNewswire/ -- In an effort to help families more easily navigate the search process for continuing care retirement communities LifeSite Logics has launched an online database providing information on more than 860 communities across twenty-three states. The LifeSite Logics vision began in 2011, when Brad Breeding, a Certified Financial Planner, began receiving questions about CCRCs.
KANSAS CITY, Mo., Dec. 23, 2013 /PRNewswire/ -- DST, a leading provider of servicing solutions to financial services, asset management, brokerage, retirement, and healthcare markets around the world, today ...
"There are dozens of energy-related improvements to your home that are going to expire," says tax expert Barbara Weltman, author of "J.K. Lasser's 1001 Deductions and Tax Breaks." Conventional improvements like adding insulation, storm windows and more energy-efficient boilers fall into this category. Weltman says that while it's possible Congress will opt to extend these tax credits, it might not, which means they expire on Dec. 31. Meanwhile, tax credits for alternative-energy equipment in homes, including solar panels and wind turbines, have been extended through 2016, so there's no need to put a new year's rush on those plans. Lowering your taxable income can also yield other benefits, she notes, including what you pay for Medicare Part B (largely doctors visits) and D (prescription drugs), for example.
Our home has had a reverse mortgage since 2008 when my husband turned 62 years old. The mortgage lender says that it is not possible because they do not initiate reverse mortgages anymore and that we should refinance with another company. Your situation highlights a common problem with reverse mortgages, particularly for retired couples. At the time your husband got his reverse mortgage, the youngest person on the mortgage had to be at least 62.
Plus, many plans allow you to change beneficiaries, so the funds could be passed on from generation to generation until enough educational expenses are incurred that there are no tax consequences. These are even better than 401(k)s from a tax standpoint, because money stashed in a HSA is tax deductible on your tax return and qualifying withdrawals for health expenses aren't taxed at all.
Nearly 230 million children under the age of five around the world have never had their birth registered, which often means they will be barred from education, health care and social security, the U.N. ...
It's well established that if you start saving about 10 percent of your income for retirement starting at age 25, you're going to be in excellent shape for retirement when you hit age 65. This fact should be emblazoned on every single college and trade school diploma issued in the United States today: start saving for retirement now, not later. All the time, I hear from readers in their late 30s or early 40s (or even later) who are just now realizing that they need to start saving for retirement or they're going to work forever. If you're reading this article and you're a professional adult without any retirement plan in place, you need to start a retirement plan.
Retirement planning and saving can be intimidating. From selecting an asset allocation to rebalancing and fund selection, saving for our golden years is not for the faint of heart. These five tools address various pain points when it comes to retirement planning. The free tool from Personal Capital is the easiest and most thorough way to track an investment portfolio.
The general manager of the world's busiest airport in Atlanta has announced plans to retire early next year. A spokesman for Mayor Kasim Reed said Monday that Louis Miller is planning to retire on Jan. ...
Perhaps your retirement dream is sand-fringed. There are many appealing beach retirement spots overseas, from the azure Caribbean to the crashing Pacific and the breathtaking Andaman Sea. Here are the five best beach cities for retirement: Coronado, a fast-growing beachfront community about an hour outside Panama City, Panama, offers a high-quality beach lifestyle with all the amenities and services a retiree could want.
It's important to dial down the risk in your investment portfolio as you approach retirement, but you also need to ensure your portfolio will keep up with inflation over what could be several decades of retirement. "As you approach retirement, it makes sense to scale back some of the risk in the portfolio," says Susan Strasbaugh, a certified financial planner and principal of Strasbaugh Financial Advisory in Colorado Springs, Colo. "When you are talking about a 30-year retirement period, you don't need everything really conservatively invested because you still need growth to stay ahead of inflation." Strasbaugh recommends investing a portion of your assets in cash or short-term bonds, while investing some of your longer-term money more aggressively. Stress-test your retirement finances. Take a look at the worst-case scenario for your investments, and consider whether you will be able to pay for all of your retirement necessities if that happens.
What the numbers suggest.