Peabody Energy Wins Dismissal of Stock Drop Suit |
The plaintiffs unsuccessfully alleged plan officials breached their fiduciary duties by continuing to offer Peabody Stock as an investment option for the plans when it was imprudent to do so and by maintaining the plans’ pre-existing significant investment in Peabody Stock.
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Lump Sum Spending Often Followed By Regret |
Among DB plan participants who were given a choice between a lump sum or an annuity, fewer than half said that, at the time they made their decision, they recall being presented with information comparing the total amount of the lump sum versus the total value of the annuity payments.
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Financial Advisers a Trusted Ally for Military Families |
A new rule will reduce guaranteed lifetime income from the military’s pension by 20%, but financial advisers are keen in helping service members offset the potential losses.
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Short-Term Optimism Can Benefit Retirement Planning |
Most are confident the economy will improve this year, but the majority would like more help with long-term financial planning.
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