Nearly half (47%) of Baby Boomers confessed that spending money on things they didn’t need and getting into too much debt were their biggest financial mistakes they made when they were young. And more Gen Xers say they regret spending and accumulating debt than previous generations, a survey found.Read more >
Only half of retirees with debt are confident they will be able to live the lifestyle they want, but 70% of retirees without debt are confident.Read more >
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Both the preliminary versions of the House and Senate tax reform proposals would have made major changes to the treatment of deferred compensation for executives and highly-paid employees. However, following the earliest stages of debate, both the House and the Senate seem to have backed away from major changes to deferred compensation arrangements, as well as from other retirement-industry focused proposals.Read more >
Roughly four in five retirement plan participants said it would be at least somewhat useful to have additional information about investment fees, according to research from The Pew Charitable Trusts.Read more >
