Financial Planning

Three out of four middle-income Baby Boomers say their financial situation, not age, is now the key trigger for when to retire, according to a recent study.

The majority of Americans say they want and need income replacement projections for financing their retirement, but most do not have access to the data nor an understanding of how to translate their 401(k) savings into a stream of retirement income, according to new research.

Emerging Information Systems Inc., developer of NaviPlan and Profiles needs analysis and financial planning software, has become the newest affinity provider for the Financial Planning Association’s Member Advantage Program.

The Financial Planning Coalition has sent a letter.to the Securities and Exchange Commission, accompanied by a petition signed by more than 5,200 financial planners, urging the SEC to apply a uniform fiduciary standard to anyone providing personalized investment advice to retail clients.

Only 51 percent of Americans believe they will have enough money to enjoy a comfortable retirement.

Capital markets executives at leading investment banks predict continued growth in the number and size of initial public offerings on U.S. exchanges during the remainder of 2011, according to a new study by BDO USA LLP.

The Securities and Exchange Commission has concluded that certain individuals who invested money through the Stanford Group Company—a U.S. broker-dealer owned and used by Allen Stanford to perpetrate a massive Ponzi scheme—are entitled to the protections of the Securities Investor Protection Act of 1970.

While many people continue to experience the after-effects of the recession, a majority of older Americans say they are confident in their retirement preparedness, according to a survey by Charles Schwab.

New statistics released by the Internal Revenue Service showed that the number and percentage of taxpayers earning over $200,000 a year who owed no U.S. income taxes nearly doubled from 2007 to 2008.

A bipartisan group of lawmakers in Washington is co-sponsoring legislation and demanding an independent probe to stop the government and a trustee from suing innocent victims who invested in Bernard Madoff’s Ponzi scheme.