Search results for: SCO
Mangled by Madoff? IRS Offers Tax Tips for Reporting Ponzi Losses
There’s been a lot of talk of late about so-called ‘Ponzi schemes’ like the $50 billion one perpetrated on investors by Bernie Madoff.
Controversy Brews over Investment Advice Regs
Comment letters flowing into the U.S. Department of Labor (DoL) over the recently postponed investment advice regulations make it clear that the issue is red hot with controversy.
Despite Volatility, Cash Flows Still Positive
U.S. investors started off 2009 continuing their contributions to mutual funds—particularly into money-market funds, according to Strategic Insight.
Ohio Company Joins List of Those Cutting Match
Ashtabula, Ohio-based Molded Fiber Glass Companies has discontinued its 401(k) match.
IMHO: “Passing″ on the Ammunition
A couple of months ago, I started getting e-mails from readers curious about the announcements of plans reducing and/or suspending their matching contributions.
Retirement Income: New Products, Old Challenges
Are target-date funds able to adequately provide a retirement income stream for participants?
Are Participants Really Cutting Back on Savings?
A new study casts doubt on reports that the softening economy and tumultuous markets are having a significant impact on participant savings rates.
401(k) Embezzler Tied to Escort Service
Federal prosecutors have charged the former controller of one of Boston’s largest investment firms of diverting funds from the company’s retirement plan—to bank accounts linked to an adult...
401(k) Match, Auto-Enrollment Key Participation Drivers
At a time when some employers are suspending their 401(k) match to save money, a new research study suggests the match is a “critical component″ of pushing up...
Senate Committee Takes Aim at Target-Date Funds
The U.S. Senate Special Committee on Aging held a hearing about the economic downturn’s effect on retirement security, particularly for those who are on the brink of retirement.
Fewer Expect to Fully Retire
Fewer Americans expect to retire, but many remain confident in their own ability to plan for retirement.
Buyers of Long-Term Care Insurance Get Younger
An industry-sponsored study found that 86% of individual buyers of long-term care insurance last year were younger than age 65.
Target-Date Funds to Have Their Day in Congress
The U.S. Senate Special Committee on Aging is scheduled to hold a hearing on February 25 to examine, among other things, target-date funds.
Service Members Need More Retirement Education
Military officers are more likely than civilians to seek out independent financial advice, according to a survey funded by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation.
Blackberry Maker Execs Settle Backdating Charges
Blackberry maker, Research in Motion (RIM), and four of its senior executives have agreed to settle stock option backdating charges brought by the U.S. Securities and Exchange Commission...
Mercer Acquires Callan in Investment Consulting Consolidation
Mercer on Tuesday announced an agreement to acquire long-time industry player Callan Associates.
IMHO: “Winning″ Ways?
We got another verdict on those infamous revenue-sharing lawsuits last week.
IMHO: “Winning″ Ways?
We got another verdict on those infamous revenue-sharing lawsuits last week.
North Carolina AG Seeks Information about BoA Bonuses
The attorney general of North Carolina is seeking justification for the bonuses being paid to executives at the Charlotte-based Bank of America (BoA).