The Interactive Retirement Radar

Largest Iowa Public Workers' Union to Vote on Unpaid Days

Tue, 10 Nov 2009 08:12:09 PST

Excerpt: "Iowa's largest public employee union will vote this month on whether to take five unpaid days off and sacrifice about $75 a month in retirement contributions in exchange for an agreement that none of its members will be laid off for seven months. A 'yes' vote by the American Federation of State County and Municipal Employees would save $26.4 million and 479 jobs, some held by workers who are not dues-paying AFSCME members. Those jobs are spread across many state departments, including human services, revenue, public safety and corrections." (The Des Moines Register)

Caterpillar Agrees to $16.5-Million Settlement of Excessive Fee Lawsuit in Federal Court in Illinois

Tue, 10 Nov 2009 08:11:21 PST

Excerpt: "A company newsletter said the September 2006 suit leveled the fiduciary breach charges against Caterpillar regarding its four 401(k) plans for workers and retirees. According to the announcement, the net proceeds of the settlement will be allocated to participant accounts and former participants based generally upon the number of years a participant maintained an account balance in one or more of the plans." (PLANSPONSOR.com; free registration required)

Y Worry? Gen Y Optimistic about Recovery, Looking for Guidance, MetLife Survey ... - WELT ONLINE

Tue, 10 Nov 2009 07:36:27 PST

Y Worry? Gen Y Optimistic about Recovery, Looking for Guidance, MetLife Survey ...
WELT ONLINE
One in five (21%) of these young people say they are more likely to tap a financial advisor as a result of the economic downturn, versus 15% of Boomers and ...

and more »

Tax-Managing Your Portfolio - Investment U

Tue, 10 Nov 2009 07:24:28 PST

Tax-Managing Your Portfolio
Investment U
Be sure to fully fund your IRA, 401(k) or other retirement accounts. Buy business equipment before the end of the year, or pre-pay businesses expenses for ...

Well done Lin Ashurst for finishing your book – it's a great read! - Citywire.co.uk

Tue, 10 Nov 2009 07:22:46 PST

Well done Lin Ashurst for finishing your book – it's a great read!
Citywire.co.uk
Many people struggle with the concept of how to make retirement planning interesting enough to capture the ...

The Hartford Balanced Income Fund Celebrates Third Anniversary - RTT News (press release)

Tue, 10 Nov 2009 07:19:07 PST

The Hartford Balanced Income Fund Celebrates Third Anniversary
RTT News (press release)
1 Morningstar rankings are based on average performance of all mutual funds in their peer group and do not take into account sales charges. ...

Advice on Investments and Christian Money Management - Christian Post

Tue, 10 Nov 2009 07:13:04 PST

Advice on Investments and Christian Money Management
Christian Post
Understanding the nuances of investing, long-term strategies, and how to select a financial adviser are all critical components managing your money. ...

IBM trustees seek legal clarity on UK DB closure - IPE.com

Tue, 10 Nov 2009 07:04:33 PST

IBM trustees seek legal clarity on UK DB closure
IPE.com
UK – Trustees of ibm's £4.36bn (€4.87bn) UK defined benefit (DB) pension scheme have told members they plan to seek legal approval for proposals to curtail ...

Wal-Mart searched far and wide for its target-date funds - Pensions & Investments

Tue, 10 Nov 2009 06:38:46 PST

Wal-Mart searched far and wide for its target-date funds
Pensions & Investments
“If it's good enough for DB (defined benefit), it's good enough for us,” Mr. Voris said, noting the target-date funds include commodities, ...

and more »

CBJ: Mindless Spending: Frequency Matters More Than Height (-opinion) - Charlottesville Daily Progress

Tue, 10 Nov 2009 06:37:04 PST

CBJ: Mindless Spending: Frequency Matters More Than Height (-opinion)
Charlottesville Daily Progress
I assume you've done your retirement planning and are saving more than enough each month. If not, and you only need a cell phone for emergencies, however, ...

NTELOS plans job cuts, expects charges of $1.5M (AP)

Tue, 10 Nov 2009 06:28:24 PST

NTELOS Holdings Corp. said Tuesday it plans to cut an unspecified number of jobs, resulting in charges of about $1.5 million in 2009.

Erin Anders joins ebixexchange - WELT ONLINE

Tue, 10 Nov 2009 06:08:14 PST

Erin Anders joins ebixexchange
WELT ONLINE
I see Erin as a significant move in our commitment to the life and annuity industry.” As senior director of sales, Anders will cultivate and promote healthy ...

and more »

GETTING PERSONAL: Result Of 401(k) Lawsuit May Encourage More - Wall Street Journal

Tue, 10 Nov 2009 06:04:40 PST

GETTING PERSONAL: Result Of 401(k) Lawsuit May Encourage More
Wall Street Journal
While similar cases have been thrown out, last week's resolution in the Caterpillar case may be a first big win for 401(k) plan participants. ...

The retirement problem - Washington Post

Tue, 10 Nov 2009 05:29:58 PST

The retirement problem
Washington Post
Today, a 65-year old couple could convert $298064 into a joint life annuity of $18467 (we did an online search for annuity rates), meaning that they would ...

and more »

What next for annuity rates? - This is Money

Tue, 10 Nov 2009 05:17:14 PST

What next for annuity rates?
This is Money
An annuity is a regular income paid in exchange for a lump sum, usually the result of years of investing in an approved, tax-free pension scheme. ...

CSC Licenses Business Analytics to Jackson - CNNMoney.com (press release)

Tue, 10 Nov 2009 05:16:29 PST

CSC Licenses Business Analytics to Jackson
CNNMoney.com (press release)
As one of the nation's top individual annuity writers, Jackson will use the software to track key metrics and proactively address rapidly changing market ...

and more »

Pension fund deficits 'slashed' - BBC News

Tue, 10 Nov 2009 04:45:17 PST

BBC News

Pension fund deficits 'slashed'
BBC News
The PPF asked insurance companies this summer how much they were quoting to pension schemes to sell them bulk annuities - policies guaranteeing to pay their ...

...

Big Impact on Mutual Fund and Annuity Sales By Advisors - Gerson Lehrman Group

Tue, 10 Nov 2009 03:33:15 PST

Big Impact on Mutual Fund and Annuity Sales By Advisors
Gerson Lehrman Group
The House Financial Services Committee passed the "Investor Protection Act of 2009", which would significantly impact how Mutual Funds, Annuities and other ...
Death Of The C Share?Financial Advisor Magazine

...

OppenheimerFunds Survey: When It Comes to College for Their Kids, Women Drive ... - SYS-CON Media (press release)

Tue, 10 Nov 2009 03:00:46 PST

OppenheimerFunds Survey: When It Comes to College for Their Kids, Women Drive ...
SYS-CON Media (press release)
"In particular, a professional financial advisor can be invaluable in developing a smart, integrated approach for reaching both college and retirement goals ...

and more »

LOGICA PLC - Logica realigns Executive Committee responsibilities - Trading Markets (press release)

Tue, 10 Nov 2009 02:30:33 PST

LOGICA PLC - Logica realigns Executive Committee responsibilities
Trading Markets (press release)
You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. ...

and more »

Numbers working beyond statutory retirement age set to double - HRmagazine.co.uk

Tue, 10 Nov 2009 01:55:26 PST

Numbers working beyond statutory retirement age set to double
HRmagazine.co.uk
Research by Prudential predicts the number of pensioners still at work will double to 1.8 million by 2019 - but only because they cannot afford to retire. ...

Nigeria: AIG Set to Pay $12.1 Million in Bonuses - AllAfrica.com

Tue, 10 Nov 2009 00:48:04 PST

Nigeria: AIG Set to Pay $12.1 Million in Bonuses
AllAfrica.com
Jay Wintrob, chief executive of aig's domestic life and retirement services is another executive to receive payment. All of the bonuses were originally to ...

advisorworld.com Offers Free Customized Annuity Rates Comparison Report to ... - PR Web (press release)

Tue, 10 Nov 2009 00:12:54 PST

PR Web (press release)

advisorworld.com Offers Free Customized Annuity Rates Comparison Report to ...
PR Web (press release)
Finding a financial advisor that you can trust is a process and we help you along with full profiles and ratings, free of charge. ...

...

Stocks That Stand Out For Nov. 9th, 2009 Are BRYN, ERHE, NUBL, WNCG - TMC Net

Tue, 10 Nov 2009 00:06:50 PST

Stocks That Stand Out For Nov. 9th, 2009 Are BRYN, ERHE, NUBL, WNCG
TMC Net
It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial ...

and more »

Advanta's troubles culminate in Chapter 11 - Philadelphia Inquirer

Tue, 10 Nov 2009 00:05:58 PST

Rediff

Advanta's troubles culminate in Chapter 11
Philadelphia Inquirer
"It helps me along quite a bit," Truell, who has been living off his retirement income for 17 years, said yesterday. But Advanta Corp. ...

...

Retirement Fund weighs-in on same-sex issue - KUAM.com

Tue, 10 Nov 2009 00:03:55 PST

Retirement Fund weighs-in on same-sex issue
KUAM.com
The Retirement Fund estimates a 65 percent marriage probability when it determines overall funding for the Retirement Fund's Defined Benefit Plan. ...

and more »

Divorce may mean retiring is delayed - Boston Globe

Mon, 09 Nov 2009 23:30:21 PST

Divorce may mean retiring is delayed
Boston Globe
The court found she had bank and money market accounts worth nearly $600000, plus an IRA retirement accounted valued at about $292000. ...
SJC: Retirement does not necessarily end alimony paymentsBoston Globe

...

IDBI Bank to introduce financial planning services - Siliconindia.com

Mon, 09 Nov 2009 22:44:16 PST

IDBI Bank to introduce financial planning services
Siliconindia.com
... such as buying of a car, house and finances for marriage, while long-term goals may include retirement planning and succession planning among others. ...

More OAPs will work on - Mirror.co.uk

Mon, 09 Nov 2009 22:43:48 PST

More OAPs will work on
Mirror.co.uk
THEnumber of people working past retirement will more than double to 1.8 million by 2019, insurers Prudential claim. Currently, 753000 of the workforce, ...

and more »

Few get major debt relief from settlement firms - Financial News USA (press release)

Mon, 09 Nov 2009 22:15:44 PST

Few get major debt relief from settlement firms
Financial News USA (press release)
However, if you take some money from a Roth IRA that year, because withdrawals are nontaxable, it could help keep you in the lower bracket. ...

and more »

Economist optimistic about turnaround in economy - Quad City Times

Mon, 09 Nov 2009 22:08:32 PST

Economist optimistic about turnaround in economy
Quad City Times
"Before they were being pushed to buy as much home as they could, so they could make a killing for their retirement later. I think home ownership will ...

Yzerman leads strong class into Hall of Fame - Calgary Herald

Mon, 09 Nov 2009 21:42:42 PST

Yzerman leads strong class into Hall of Fame
Calgary Herald
Now there are three Stanley Cup championship banners hanging from the rafters of the Prudential Center. Former Flames trainer Jim (Bearcat) Murray also ...

and more »

Council eyes adjusting retirement health benefits - Today's News-Herald

Mon, 09 Nov 2009 20:48:01 PST

Council eyes adjusting retirement health benefits
Today's News-Herald
Employees hired before July 2004 are subject to a former defined benefit program that pays up to 100 percent of premium health care costs to the employee ...

Why I voted for health reform - Arizona Republic

Mon, 09 Nov 2009 20:07:30 PST

Why I voted for health reform
Arizona Republic
Too many families are one medical emergency away from raiding their 401k, going into foreclosure or declaring bankruptcy. While concerns over some issues ...

and more »

Equity release Nottingham to help with retirement planning - Mortgage Introducer

Mon, 09 Nov 2009 19:34:49 PST

Equity release Nottingham to help with retirement planning
Mortgage Introducer
The Nottingham Building Society is offering educational seminars in Nottingham and Grantham to help local people plan for their retirement. ...

and more »

How to Qualify For a Tax Deduction on Your Traditional IRA ...

Mon, 09 Nov 2009 19:31:49 PST

Step Four: Determine if you will be 50 years of age or over by December 31 of the tax year for which you are contributing. A Traditional IRA is a retirement plan that allows you to save money for retirement. ...

County Reorganizes 911 Dispatch - The Ann Arbor Chronicle

Mon, 09 Nov 2009 19:22:57 PST

County Reorganizes 911 Dispatch
The Ann Arbor Chronicle
The time is ripe to explore alternatives, to shift to defined contribution plans akin to those of the private sector. We are aware that the Board of ...

and more »

Alta. to push feds on supplementary pension - The Gazette (Montreal)

Mon, 09 Nov 2009 17:47:50 PST

Alta. to push feds on supplementary pension
The Gazette (Montreal)
... alone if Ottawa and the provinces cannot agree on a national approach to address what Evans calls "frightening" gaps in Canadians' retirement planning. ...

Nottingham to help with retirement planning - Mortgage Introducer

Mon, 09 Nov 2009 17:40:57 PST

Nottingham to help with retirement planning
Mortgage Introducer
The Nottingham Building Society is offering educational seminars in Nottingham and Grantham to help local people plan for their retirement. ...

GOP fear mongers - Salt Lake Tribune

Mon, 09 Nov 2009 16:59:01 PST

GOP fear mongers
Salt Lake Tribune
Also, this negative attitude is not helping my 401k. If we overcome this fear, then as a nation we'll look back on a successful recovery and pat ourselves ...

Obama Taps Banker With Private,Public Experience To Head PBGC - Wall Street Journal

Mon, 09 Nov 2009 16:32:29 PST

Obama Taps Banker With Private,Public Experience To Head PBGC
Wall Street Journal
WASHINGTON (Dow Jones)--President Barack Obama on Monday nominated an investment banker who has managed public ...
Josh Gotbaum may run pension boardPacific Business News

...

Presidential Life Announces Third Quarter 2009 Results - Trading Markets (press release)

Mon, 09 Nov 2009 15:49:24 PST

Presidential Life Announces Third Quarter 2009 Results
Trading Markets (press release)
57 general agents) "Our third quarter results demonstrate the continued growth in our core business of single premium annuity sales," said Donald Barnes, ...
Presidential Life Corp. Reports Operating Results (10-Q)GuruFocus.com

...

Wrong blame on pensions - Chicago Tribune

Mon, 09 Nov 2009 15:24:12 PST

Wrong blame on pensions
Chicago Tribune
This is the same as a person in the private sector who fails to contribute to his or her 401K for 10 years and then bemoans the fact that they don't have ...

Convicted arsonist keeping CFD pension - ABC7Chicago.com

Mon, 09 Nov 2009 15:07:34 PST

Convicted arsonist keeping CFD pension
ABC7Chicago.com
It's this arson -- because it's so interconnected with his duties and responsibilities and the public trust," said Vince Pinelli, Firemen's Annuity and ...

Kickball fall turns cash cow for kid with broken ankle - Minneapolis City Pages

Mon, 09 Nov 2009 14:34:18 PST

Kickball fall turns cash cow for kid with broken ankle
Minneapolis City Pages
The annuity's total value by the time it's paid out on her 30th birthday, factoring in interest, is estimated to be about $20000.

and more »

Mexico's Profuturo To Buy Bank Of Nova Scotia Pension Unit - EasyBourse.com

Mon, 09 Nov 2009 13:48:37 PST

Mexico's Profuturo To Buy Bank Of Nova Scotia Pension Unit
EasyBourse.com
MX) scooped up two smaller rivals, and the local pension units of ING Groep NV (ING) and Metlife Inc (MET) bought one Afore each. ...

and more »

OTC: ATS Corporation Announces Financial Results for the Third Quarter Ended ... - RTT News (press release)

Mon, 09 Nov 2009 13:40:43 PST

OTC: ATS Corporation Announces Financial Results for the Third Quarter Ended ...
RTT News (press release)
And as further testament to solid client relationships, our new $12 million award with PBGC was additive to our current base of business with that customer. ...

and more »

Register Now for Insurance Continuing Education at Citrus Campus - Citrus Daily

Mon, 09 Nov 2009 13:35:58 PST

Register Now for Insurance Continuing Education at Citrus Campus
Citrus Daily
* Suitability of Annuity and Life Insurance Transactions will meet 9 am to noon. The course focuses on the duties and responsibilities of insurers and ...

Pacific Life Announces New Distribution Arrangement with Edward Jones - Business Wire (press release)

Mon, 09 Nov 2009 13:30:35 PST

Business Wire (press release)

Pacific Life Announces New Distribution Arrangement with Edward Jones
Business Wire (press release)
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of ...

...

JP Morgan Chase to reinstate 401(k) company match - Pensions & Investments

Mon, 09 Nov 2009 13:30:20 PST

JP Morgan Chase to reinstate 401(k) company match
Pensions & Investments
JP Morgan Chase will reinstate its 401(k) company match for its US employees and provide an extra award for lower-paid employees, ...

Prudential Florida Real Estate Services Celebrates a Decade of Commitment to ... - RisMedia.com (press release)

Mon, 09 Nov 2009 13:14:08 PST

Prudential Florida Real Estate Services Celebrates a Decade of Commitment to ...
RisMedia.com (press release)
RISMEDIA, November 10, 2009—Over the past decade, Prudential Florida Real Estate Services has grown to over 40 offices servicing 17 counties with 1700 sales ...
Norton Real Estate LLC Announces Launch of New Website: www.florida-retirement.net24-7PressRelease.com (press

...

Six-Day Philly Transit Strike Ends After Pension Accord - In These Times

Mon, 09 Nov 2009 13:12:41 PST

In These Times

Six-Day Philly Transit Strike Ends After Pension Accord
In These Times
... against defined-benefit packages. 401(k)s increasingly dominate the private sector, and public employees are fighting to maintain a secure retirement. ...

...

Prudential makes grade with Evonik Degussa plans - Pensions & Investments

Mon, 09 Nov 2009 13:08:02 PST

Prudential makes grade with Evonik Degussa plans
Pensions & Investments
Evonik Degussa Corp., Newark, NJ, hired Prudential Retirement as manager and administrator of its defined benefit, ...
Prudential Retirement Selected to Manage All Evonik Degussa Retirement ProgramsWELT ONLINE

...

Give Your Estate Planning a Clean Bill of Health - HealthNewsDigest.com

Mon, 09 Nov 2009 12:42:46 PST

HealthNewsDigest.com

Give Your Estate Planning a Clean Bill of Health
HealthNewsDigest.com
In this economy of low interest rates, strategies such as grantor retained annuity trusts (GRATs), charitable lead annuity trusts (CLATs), and intentionally ...

...

Allianz seizes opportunity to transform the way its agents sell in today's ... - Insurance News Net (press release)

Mon, 09 Nov 2009 12:21:22 PST

Allianz seizes opportunity to transform the way its agents sell in today's ...
Insurance News Net (press release)
foresight™ 5.0 is Insurance Technologies' flagship point of sale and illustration system for Life, Annuities, Critical Illness, Disability Income and ...

GETTING PERSONAL:Funds Benefit From Buffett's Burlington Deal - Wall Street Journal

Mon, 09 Nov 2009 12:14:12 PST

GETTING PERSONAL:Funds Benefit From Buffett's Burlington Deal
Wall Street Journal
She covers topics including hedge funds, annuities, closed-end funds and new trends in mutual funds, and can be reached at 212-416-2237 or at ...

and more »

Milliman looking to partner on guaranteed income product for 401(k) plans - InvestmentNews

Mon, 09 Nov 2009 12:03:54 PST

Milliman looking to partner on guaranteed income product for 401(k) plans
InvestmentNews
Milliman Inc. is in discussions with a number of mutual fund companies, insurers and 401(k) plan sponsors to launch a guaranteed ...

Retirees Plan on Going Broke - CBS MoneyWatch.com

Mon, 09 Nov 2009 11:50:10 PST

Retirees Plan on Going Broke
CBS MoneyWatch.com
But here's where the math goes completely haywire: The same folks say they plan on withdrawing 10 percent of their retirement savings each year. ...

Shelf Corps With Bank Credit Line For Sale - The Finance Forums ...

Mon, 09 Nov 2009 11:39:49 PST

The Finance Forums: Financial planning, debt help, loans, mortgages, retirement and 401k, investment, and general finance discussion forums > Finance forums > General Finance · Reload this Page Shelf Corps With Bank Credit Line For Sale ...

SJC: Retirement does not necessarily end alimony payments - Boston Globe

Mon, 09 Nov 2009 11:17:20 PST

SJC: Retirement does not necessarily end alimony payments
Boston Globe
She had nearly $600000 in bank and money market accounts, plus an IRA retirement account valued at approximately $292000. Including these accounts and the ...

and more »