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Top Financial Concerns of Baby Boomers, Generation Xers, and Millennials

Many differences exist among baby boomers, Generation Xers, and millennials. But one thing that brings all three generations together is a concern about their financial situations. According to an April 2016 employee financial wellness survey, 38% of boomers, 46% of Gen Xers, and 51% of millennials said that financial matters are the top cause of …

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Ten Year-End Tax Tips for 2016

Here are 10 things to consider as you weigh potential tax moves between now and the end of the year. 1. Set aside time to plan Effective planning requires that you have a good understanding of your current tax situation, as well as a reasonable estimate of how your circumstances might change next year. There’s …

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Earnings Call: A Closer Look at Financial Reports

The second quarter of 2016 marked the fifth quarter in a row of declining U.S. corporate earnings. Low oil prices and a strong dollar were largely to blame for lackluster financial results. 1 Publicly traded companies are required to report quarterly financial results to regulators and shareholders. Earnings season is the often-turbulent period when most …

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Roth IRAs may work for older savers after all

A new study says that older workers saving for retirement might be well advised, contrary to popular wisdom, to use both Roth IRAs and traditional retirement plans to put their money away. Older workers have usually been cautioned away from Roth IRAs, for more than one reason — not only are they generally looking for …

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Three elite universities sued over defined contribution plans

Fiduciaries at three of the nation’s most elite universities have been sued for imprudently managing retirement assets in defined contribution plans. Participants in New York University’s and Yale University’s 403(b) plans, and participants in the Massachusetts Institute of Technology’s 401(k) plan, paid excessive recordkeeping and fund management fees, among other allegations in the complaints, which …

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