Retirement

The Internal Revenue Service has updated its static mortality tables for use by defined benefit pension plans in calculating the life expectancies of retirees.

The Financial Accounting Standards Board is issuing a new accounting standards update on Monday that defers indefinitely certain disclosures about investments held by nonpublic employee benefit plans in their plan sponsors’ own nonpublic equity securities.

Nearly 70 percent of people in the Millennial generation have no retirement plan, according to a new survey.

The Governmental Accounting Standards Board has issued for public comment a proposed statement regarding the transition provisions of GASB’s new pension standards for state and local governments with the goal of eliminating a potential source of understatement of restated beginning net position and expense in a government’s first year of implementing GASB’s new pension accounting standards.

The Equal Employment Opportunity Commission is reportedly pressing PricewaterhouseCoopers and other major accounting firms to drop their longstanding mandatory retirement age policies, and the American Institute of CPAs is asking them to stop.

Almost half of CPAs indicated that they offer some kind of financial planning services, but a far smaller number have a formally structured practice with their own Registered Investment Advisor or an affiliation with an outside broker/dealer or RIA, according to a new study.

CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before.

Members of Generation X are having the most difficulty meeting their household expenses and dealing with other financial obligations, according to a new study by PricewaterhouseCoopers.

For years, annuities have been considered to be a solution for outliving your income and available assets.

The Financial Accounting Standards Board voted Wednesday to indefinitely defer certain disclosures about investments held by a nonpublic employee benefit plan in its plan sponsor’s own nonpublic equity securities.

Seven out of 10 U.S. adults claim to have major barriers that prevent their families from openly communicating about who will make financial decisions on behalf of their aging family members if they become unable to do so, according to a new survey.

IMGCAP(1)]Check out the digital edition of the June 2013 issue of Accounting Today.

A pair of lawmakers have introduced a bipartisan bill in the House that would provide relief to nonprofits, such as the Girl Scouts, which now have higher pension funding rules than taxable, for-profit companies.

Fifty-four percent of millennials said that debt is currently their biggest financial concern, according to a new survey that found young adults struggling in the wake of the Great Recession.

Americans in their sixties are taking more money out of their IRAs than those who are older, according to a new report.

The two genders may be very different (and vive la difference, as the French would say), but not when it comes to their retirement expectations and preparations, according to a new survey.

Balances in small business retirement plans have increased an average of 20 percent between 2007 and 2012 in the aftermath of the recession.

A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans, or S ESOPs, to encourage more Americans to save for retirement.

Married same-sex couples are awaiting a decision by the Supreme Court to help them resolve their tax-filing challenges on tax day.

Action is needed soon to keep multiemployer pension plans from sliding into insolvency, according to a new government report.