| Financial and wealth management news for the retirement community |  |
| Top News |  |  |
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- Report suggests making it more difficult to borrow from a 401(k)
A Vanguard report says plan sponsors should limit workers' ability to get loans from their 401(k)s in an effort to improve savings. Vanguard studied seven large 401(k) plans and found that over 12 months, 17% of participants took loans or withdrawals from their plans. But even employees who borrow from a 401(k) "are likely to be better prepared for retirement than their fellow workers who don't participate and have no retirement plan savings," Vanguard said. Registered Rep./RIA Rising blog
(5/1)     
| Industry Update | | |
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- Analysis: Ford's pension-buyout plan could catch on
Ford's plan to pay retired workers a lump sum instead of annual pension benefits could work for other large companies struggling with pension liabilities, consultant Towers Watson says. For companies, however, the move brings many legal and regulatory considerations. And retirees taking the payout would need to figure out how to make the payout last through their lifetimes. BenefitsPro.com
(5/2)
| Financial Literacy | | |
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- Expert: One-size-fits-all strategy won't work for financial literacy
Americans are lagging in financial literacy, but research shows that many are still confident in their knowledge of financial matters, says Olivia Mitchell of the Wharton School of the University of Pennsylvania. Women are less overconfident, meaning they might be more teachable. Education must be tailored to different groups to be effective, Mitchell says in this Q-and-A about retirement trends and financial literacy. Morningstar
(5/3)
| On the Economy | | |
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| Building Your Practice | | |
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- Financial advisers can help retirees cope with large loss
After the stock market declined in 2000 and 2008, financial advisers faced a challenge of gaining confidence and business from retired investors. Research by financial analyst and planner Jim Otar indicates ways advisers can help investors who suffered a big loss after they began withdrawing from their retirement portfolio. Financial Advisor
(5/2012)
- The tricky dual roles of financial adviser and business owner
Running your own financial-planning business sounds appealing, but it comes with challenges. Advisers need to be as engaged with their own books as they are in their clients' portfolios. Taking charge as a CEO requires focusing on marketing, operational efficiency, production growth, risk management and human resources. Financial Advisor
(5/2012)
| Financial Products | | |
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- ETFs will face more Senate scrutiny, lawmaker says
Sen. Jack Reed, D-R.I., says he plans to hold another subcommittee hearing on exchange-traded funds. The sale of such investments to clients with conservative portfolios led to $9.1 million in fines levied by the Financial Industry Regulatory Authority against four companies this week. InvestmentNews (free registration)
(5/6), InvestmentNews (free registration)
(5/2)
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