Updated Thursday, July 24, 2014 as of 2:16 AM ET
Newly Approved Longevity Annuities Hit Snag: Wednesday's Retirement Scan
Our daily roundup of retirement news your clients may be thinking about.
Why your 401(k) isn't likely to offer a 'longevity annuity'
Many employer-sponsored 401(k) plans are unlikely to include longevity annuities, even though the federal rules now allow the plans to offer such financial options, according to a survey. The fiduciary responsibility of selecting annuity options from hundreds of products that insurers offer poses a big concern among employers. Companies are also worried about the administrative complications that may arise from the plan's decision to get new record keepers, or the worker's transfer to a new employer.  --MSN Money   more »
More in Practice
Figuring out your real cost of living; Investing like Warren Buffett; Why clients ignore most of your advice more »
J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management. more »
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer. more »
A Morgan Stanley team that managed over $650 million has gone independent using a new consultant. more »
The IRS has partially withdrawn some of the rules it had earlier proposed on limiting rollovers from individual retirement arrangements. more »
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial system. more »
Raoul Weil, a former top UBS AG banker facing trial in Florida on charges of helping Americans evade taxes, asked a judge to allow defense witnesses outside the country to testify by video because they fear retaliation if they come to the U.S. more »
What clients can do if they run out of money; Game changers in retirement planning; Advisors offer dos and don'ts with 401(k) plans more »
Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states. more »
A Morgan Stanley advisor with $200 million in assets under management has rejoined Merrill Lynch. more »
More small banks are engaging on social media and are finding ways to highlight their community involvement, promote their personalities and better connect with customers. more »
Many firm founders are deciding that their legacies don't need to be enshrined in their firms' names. more »
Are you paying too much for long-term care?; Retirement savings makes you healthy and wealthy; Talk to your spouse and stop blaming each other more »
Lists
2014 Summer Reading List for Advisors

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