An Oklahoma pensioner is challenging a state law that targets financial firms, including BlackRock Inc. and JPMorgan Chase & Co., for their climate change policies. Don Keenan, a former state employee, is seeking a temporary restraining order against Oklahoma treasurer Todd Russ and the state over the 2022 law enacted...
Long-term financial goals are losing their priority status to immediate need as millions of Americans grapple with the cost of living. Retirement savings may be an essential pillar of financial planning but new stats from Fidelity Investments show that average account balances decreased in the third quarter of 2023, while...
Paying for college is seldom easy, and there are several factors at play that will soon make planning for it simpler and harder in their own ways. Next year, provisions from the SECURE 2.0 Act take effect that will allow employers to offer some financial benefits to workers who are...
Assets in individual retirement accounts are the best assets to give to charity, since they’re loaded with taxes. For those who give regardless, using IRAs to make the gifts can provide tax benefits — but only if it’s done correctly. If not, the tax benefits can be lost. Qualifi Learn more...
Contributions to retirement plans fell last year following record contribution rates from participants and employers in 2021, according to a survey of 401(k) plans released Thursday by the Plan Sponsor Council of America. Despite slipping contribution rates, however, the study showed that participation remains strong, even if down from record...
Most people would say they want to have a comfortable retirement, but putting the necessary plans in place is not a given, even when working with a financial advisor. But there are certain traits that some possess that make them more likely to adopt a ‘retirement mindset’ and will likely...
One of the most controversial numbers in financial planning, 4%, is back — but the “rule” that follows it less so. On Monday, Morningstar Inc. published research showing that 4% is the “highest safe starting withdrawal rate for retirees,” as there is a 90% probability they will still have money...
With health care costs skyrocketing over the past several years, it’s no surprise employers and employees are turning their attention to health savings accounts. A recent study from the Plan Sponsor Council of America shows that HSAs are continuing to gain in popularity and explores trends in how these accounts...
Living life at least partly online is a fact of modern living, but while the youngest Americans are typically tech-savvy with high levels of digital literacy, the oldest cohort is more vulnerable to cybercrimes. New data from personal data removal firm Incogni reveals that over 60s lost $3.1 bill Learn more...
Hub International Limited, the Chicago-based insurance brokerage and financial services firm, has purchased the assets of Renaissance Benefit Advisors Group, a retirement plan consulting firm that focuses on helping plan sponsors meet their fiduciary responsibilities, the company announced Monday. Learn more about reprints and licensing for this article.