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Betting on Getting to 80: Draw $40,000 a Year Forever, If You Don't Die First

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Sharon Carson admits she just did something strange. At 49, she wrote a check to an insurance company for a product that won’t give her any financial benefit until she's in her 80s.

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Retirees Suffer as 401(k) Rollover Boom Enriches Brokers

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Kathleen Tarr says AT&T Inc. employees looked to her as “their de facto 401(k) expert.” Visiting their homes and offices, she advised them on their retirement plans as they called up balances on computer screens. Actually, Tarr worked for Royal Alliance Associates, a brokerage firm owned by insurer American International Group Inc. (AIG).

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Brokers Fight Rule to Favor Best Interests of Customers

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David O’Brien, a certified financial planner, has tried to repair the retirement portfolios of several victims over the years. There was the high school science teacher who didn’t realize she had been sold a variable annuity, where layers of incomprehensible fees devoured nearly 2.5 percent of her retirement savings each year.

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How to Fix the 401(k): Five Suggestions for Giving Workers a More-Secure Retirement

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The 401(k) is in need of a tuneup. Originally designed to supplement pension plans, 401(k)s have become the primary retirement-savings vehicle for many employees.

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IRS Rollover Guidance Eases Process, Improves Benefit Portability, Analysts Say

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When changing employers, individuals and their new retirement plan administrators have faced a time-consuming administrative process in proving the tax status of a plan rollover. And instead of dealing with the hurdles to validate a rollover, many individuals would transfer savings into individual retirement accounts or cash out the balance.

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House Democrats Seek Dialogue With DOL On Conflict-of-Interest Rule Re-Proposal

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Thirty House Democrats have requested to have a "dialogue" with Secretary of Labor Thomas E. Perez about the agency’s re-proposal of the rules expanding the definition of fiduciary before the rules are submitted to the Office of Management and Budget.

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Fiduciary Rules, Lifetime Income Illustrations, Disclosures Top Practitioners’ DOL Concerns

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The Department of Labor’s re-proposed fiduciary rule is likely to stir up a great deal of practitioner interest in 2014, along with the department’s projects on disclosures and lifetime income illustrations, practitioners told Bloomberg BNA.

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Timing of Fiduciary Rule for Retirement Plans Questioned

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If you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest.

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House Democrats urge caution on DOL fiduciary-duty rule

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A group of 30 House Democrats has warned Labor Secretary Thomas Perez that a pending rule that would raise investment advice standards for retirement-plan advisers could hurt investors with modest assets.

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Corporate pension execs wary of derisking fallout

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Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.

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