The Social Security trust funds, created to help pay future retirement benefits when payroll tax revenue alone is no longer sufficient, will run dry in 2034, one year sooner than previously predicted, as a result of the economic fallout from ...

With gray divorce on the rise among American couples who are 50 and older, it’s important for financial advisers to be aware of the complicated Social Security rules regarding claiming options for ex-spouses and surviving ex-spouses. One reader recently asked ...

“Can they be billed on in an AUM fee model?”“Does using them undermine my value proposition to my clients?”“Can I be a fiduciary if I don’t consider them?” If you’re a registered investment adviser currently deliberating about one of the ...

Market risk and longevity risk continue to be the top concerns for retirement plan participants, according to a study by American Century Investments. While about two-thirds of participants say they know how much to withdraw for living expenses, about 40% ...

Sales of annuities reached $67.9 billion in the second quarter, up 39% from the second quarter of 2020, according to data gathered by the Secure Retirement Institute. Year-to-date, annuity sales totaled $129 billion, 23% higher than in the same period ...

Wealthy investors are rushing to buy munis in an attempt to mitigate the impact of threatened tax hikes. They may be shocked to learn that municipal bonds’ tax-exempt interest is included in the income calculation that triggers Social Security taxes ...

Allianz Life Insurance has entered the defined-contribution business and hired Mike De Feo as the segment’s leader. De Feo most recently headed Voya’s retirement and DC business and earlier led Nuveen’s DC business. The insurer’s first product for the DC ...

Close to 80 million baby boomers have retired or will shortly and many, if not most, are woefully ill-prepared for what may be more years spent out of work than spent at work. For most, typical wealth holdings represent less ...

More than 70% of American adults worry about the Social Security program running out of money during their lifetime, according to the Nationwide Retirement Institute’s eighth annual Social Security Consumer Survey released Wednesday. The Covid-19 pandemic has contributed to this ...

While 58% of U.S. adults say they are in financial recovery mode as a result of the pandemic, 89% of them are confident they will ultimately achieve a full financial comeback. That’s the key finding of a survey conducted by ...