On June 29, 2016, the Internal Revenue Service issued Revenue Procedure 2016-37 denoting that service now will issue letters only to new plans, those requesting termination and in a few other circumstances, which may include significant law...
(Bloomberg) -- American workers often fail to scrutinize their 401(k) plans—they’re just happy to have one and trust their nest egg will grow. But in case you were thinking ignorance is bliss, more lawyers are saying that the guy...
(Bloomberg) -- The shift from pensions to 401(k) plans is making retirement inequality much worse—and education is what separates the haves from the have-nots, a new study has found...
There's fear the golden years won't be so golden. | Ricardo Reitmeyer/iStock/Thinkstock
A new Transamerica retirement survey reports that none of the baby boomer, Generation X or millennial generations feel secure about their retirement prospe...
(Bloomberg Gadfly) -- The Department of Labor rocked the brokerage world several months ago when it decreed that brokers must – horror of horrors – put their clients’ interests ahead of their own...
(Bloomberg) -- Employer anxiety about offering you a 401(k) plan is rising rapidly, and for potentially good—and expensive—reasons. Class-action lawyers are targeting a wider variety of alleged breaches of fiduciary duty in retirement...
