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January 28, 2013
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Financial and wealth management news for the retirement community

  Top News 
  • Study: Long-term-care costs are investors' top financial worry
    Americans worry more about paying for long-term care than they do about having enough money for retirement, a study from UBS Wealth Management Americas says. About a quarter of respondents said they were "highly worried" about paying for health care in old age, compared with 14% who expressed that level of concern about having sufficient retirement savings. (1/28) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • Opinion: Preserve tax incentives for retirement
    Washington lawmakers must not "chip away at the foundation of our system for retirement security" by taking away tax incentives that encourage people to invest in 401(k) plans, writes Paul Schott Stevens, CEO of the Investment Company Institute. "America's retirement system has been built painstakingly over the course of decades," Stevens writes. "To start scrapping savings incentives would undermine its foundation, risking wider damage." InvestmentNews (free registration) (1/27) LinkedInFacebookTwitterEmail this Story
  • A resource for employers navigating retirement-plan options
    A report by the Institutional Retirement Income Council details for employers the increasing number of retirement-plan options available to them, taking some of the headaches out of searching for products. The report offers questions that plan sponsors can ask to help guide them to the right choices. (1/25) LinkedInFacebookTwitterEmail this Story
  • Other News
  Financial Literacy 
  • Good reasons to tap the 401(k) account
    Sometimes there are good reasons to take cash out of a 401(k) fund early, experts say. Young workers who are switching jobs may want to use the funds to pay for schooling that will better their financial situation, and hardship withdrawals make sense if other options aren't available, Karen Blumenthal writes. The Wall Street Journal (1/25) LinkedInFacebookTwitterEmail this Story
  • D.C.-area financial-literacy program expands
    A program that gives students a chance to visit the Junior Achievement Finance Park in Fairfax County, Va., to learn about the real-life challenges of money management is expanding. Junior Achievement of Greater Washington will collaborate with public schools to widen the program in Virginia's Prince George's County, and Capital One Bank is providing $2.5 million to build a second park. The Washington Post (1/27) LinkedInFacebookTwitterEmail this Story
  On the Economy 
  • Fannie, Freddie offer underwater homeowners a chance to bail
    Fannie Mae and Freddie Mac have approved a new deed-in-lieu program for some borrowers who are current on their mortgage payments but owe more than their homes are worth, allowing them to walk away from their homes with no penalty. Previous programs were available only to borrowers who were in arrears, effectively encouraging people to stop making payments in order to qualify for assistance. Bloomberg (1/28) LinkedInFacebookTwitterEmail this Story
  Building Your Practice 
  • Hybrid advisers top fee-only ones in asset growth
    Assets under management of dually registered financial advisers, who can accept fees and commissions, are increasing faster than those of fee-only advisers, according to Cerulli Associates. Hybrid advisers' assets increased 19.1% in 2012, while fee-only advisers' assets expanded 14.7%. (1/23) LinkedInFacebookTwitterEmail this Story
  • Other News
There's much to be said for challenging fate instead of ducking behind it."
--Diana Trilling,
American literary critic and author

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