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Financial Planners Offer 2010 Investment Advice
Tweet Share on Facebook February 8, 2010 Comment (57)Short term bonds and large cap stocks are among the investments financial advisers are recommending most in 2010. But outside these two favorites, a recent survey of 421 financial planners who are members of the American Institute of Certified Public Accountants found a wide variety of investment advice. The professional association of CPAs asked its members to name up to three instruments they are most often recommending to clients in 2010. Their responses:
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The High Cost of Caring for an Aging Relative
Tweet Share on Facebook February 5, 2010 Comment (4)Those who work full time and take care of an aging relative may be more likely to develop health problems, suggests a new case study from the University of Pittsburgh Institute on Aging, National Alliance for Caregiving, and Metlife Mature Market Institute. The survey found that workers caring for an elderly family member were significantly more likely to report suffering from depression, diabetes, hypertension, or pulmonary disease than their coworkers. Caregivers also reported experiencing greater stress at home and at work.
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Traditional Pensions Outperform 401(k)s
Tweet Share on Facebook February 4, 2010 Comment (1)Traditional pension returns outpaced 401(k) growth in every year between 1995 and 2008, according to a new analysis by Towers Watson. Both types of retirement plans lost value in 2008, but pensions still outperformed 401(k) plans by roughly 1 percentage point, the same percentage of higher returns pensions have averaged over the past decade.
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Why Employers Suspend 401(k) Matches
Tweet Share on Facebook February 3, 2010 Comment (2)Approximately 218 companies suspended their 401(k) match between January 2008 and November 2009, according to a new analysis by the Center for Retirement Research at Boston College. Researchers Alicia Munnell and Laura Quinby estimate that 4.9 percent of all 401(k) participants were newly matchless at some time during this period. The majority of employers slimmed their match between December 2008 and May 2009, with the peak occurring in February 2009.
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New Details of Obama’s Automatic IRA Proposal
Tweet Share on Facebook February 2, 2010 Comment (23)The Treasury Department released new details about President Obama’s Automatic IRA proposal yesterday. Employers that don’t offer a retirement plan and have more than 10 employees would be required to automatically enroll their workers in a Roth IRA if they have been in business for at least two years .
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5 Proposals in Obama’s Budget for Retirement Savers
Tweet Share on Facebook February 2, 2010 Comment (5)President Obama’s budget for fiscal year 2011 includes many proposals aimed to help workers prepare for retirement. Here’s a look at the retirement projects the White House is asking Congress to fund.
