Reading this on a mobile device? Try our optimized mobile version here:

November 21, 2012
Sign upForwardArchiveAdvertise
Financial and wealth management news for the retirement community

  Top News 
  • Preparing for the 3.8% tax on investment income
    A 3.8% tax on investment income will take effect in 2013. Advisers say many clients aren't taking action to prepare for the tax, which Congress adopted in 2010 as part of the Affordable Care Act. Advice on the right approach for preparing for the tax varies among advisers. AdvisorOne (11/20) LinkedInFacebookTwitterEmail this Story
Quarterly Small Business Leadership Report
Three industry heavy weights dish up the facts on what you need to know about the future of collaboration, increasing productivity and readying the office for the millennial workforce. Read the guide.
  Industry Update 
  • Calif. could be a model for private-sector retirement fix
    The California Secure Choice Retirement Savings Trust could prove a template for other states to use to solve the private sector's pension crisis, Alicia Munnell writes. The proposal, which needs federal approval and a second legislative win, would create a retirement plan for private-sector employees who don't have one on the job, without using taxpayer funds. MarketWatch/Encore blog (11/20) LinkedInFacebookTwitterEmail this Story
  • MassMutual: Younger workers flocking to 401(k) plans
    About 55% of the workers participating in MassMutual retirement plans are 47 or younger, partly reflecting the company's sales in that demographic and partly reflecting an influx of younger people into the workforce, the company said. Other findings: 61% of plan assets are held by older workers, and hardship loans have fallen to their lowest point in four years. AdvisorOne (11/21) LinkedInFacebookTwitterEmail this Story
  • Other News
  Financial Literacy 
  • What's on the table for retirement
    Scott Holsopple uses the Thanksgiving table as an analogy for assembling a retirement strategy. The turkey, Holsopple writes, is the 401(k) plan, the key to the whole strategy, served up with a side of nonqualified investments (potatoes), some annuities for zing (cranberries) and long-term-care coverage if you can get it (green-bean casserole). U.S. News & World Report/Smarter Investor blog (11/20) LinkedInFacebookTwitterEmail this Story
  • Other News
  On the Economy 
  • U.S. deficit is decreasing at record speed
    During the past three years, the U.S. government's deficit measured as a percentage of gross domestic product has declined at the fastest rate since World War II, according to the Office of Management and Budget. The Center on Budget and Policy Priorities calculates that, not counting budget cuts scheduled to take effect Jan. 1, nondefense discretionary spending is on track to reach 2.7% of GDP, well below a 30-year average of 3.9%. Investor's Business Daily/Capital Hill blog (11/20) LinkedInFacebookTwitterEmail this Story
  • Housing starts hit highest level since July 2008
    Housing starts increased 3.6% last month, to an annualized rate of 894,000, the Commerce Department said. Building-permit applications declined for apartments but reached a four-year high for single-family homes. Overall, permits for construction decreased 2.7% compared with September, a smaller decline than economists had expected. Bloomberg (11/20), Reuters (11/20), Shopfloor blog (11/20) LinkedInFacebookTwitterEmail this Story
  Building Your Practice 
  Editor's Note 
  • SmartBrief will not publish Thursday and Friday
    In observance of Thanksgiving in the U.S., SmartBrief will not be published Thursday and Friday. Publication will resume Monday. LinkedInFacebookTwitterEmail this Story
We can only be said to be alive in those moments when our hearts are conscious of our treasures."
--Thornton Wilder,
American playwright and novelist

LinkedInFacebookTwitterEmail this Story

Retirement Security Coalition Advisory Board Members

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Sales Account Director:  Abiy Bekele (212) 450-7919
A powerful website for SmartBrief readers including:
 Recent Retirement Security SmartBrief Issues:   Lead Editor:  Ashley Fletcher Frampton
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2012 SmartBrief, Inc.® Legal Information