Parents’ savings for their children’s college educations took a big hit as a bond fund offered by at least four state 529 plans lost more than a third of its value last year.
Just telling participants to “stay the course″ might not be enough.
As economic turbulence has been on the rise, many financial planners say they are seeing an increase in potential clients.
Sixty percent of advisers agree the U.S. is already in a recession, but their clients are continuing to save for retirement, according to a survey released today by OppenheimerFunds, Inc.
A recent study suggests current economic woes may lead financial advisers to rely more heavily on asset manager leadership.
A significant majority of financial advisers are confident in the country’s economic prospects, according to the latest Brinker Barometer from Brinker Capital.
Why do most not save enough for retirement?
Fidelity Investments reported that its 2006 net income was off by11.3% - its first profit drop in four years - as it scrambled to keep up with rivals, according to news reports.