BrokerCheck, the Financial Industry Regulatory Authority's online database of broker information, doesn't give investors what they need to wisely select a broker, according to a report from the Public Investors Arbitration Bar Association. If FINRA doesn't fix the system, Congress should require improved transparency, the report says.
MetLife has decided not to use Snoopy, the canine character from the "Peanuts" comic strip, in its advertising any more. The company decided Snoopy won't fit MetLife's image after it spins off much of its life insurance business next year to focus on selling mostly to corporate customers.
Using credit cards instead of an emergency fund and deviating from a budget are common mistakes that sabotage financial health. Others include delaying enrollment in an employer-sponsored retirement plan and paying only the minimum due on credit cards.
Keeping wills and living trusts updated and using automatic bill payment can keep your financial life running smoothly as you age. Other tips include using bank alerts and taking your time when making major financial decisions.
The Securities and Exchange Commission is close to proposing rules making it easier for shareholders to vote for corporate directors nominated by investors, rather than candidates backed by management, people familiar with the matter said. The rules would create a universal ballot to be used when elections are contested.
Buying an annuity from an insurer is a way that pre-retirees doing their own planning can arrange guaranteed retirement income, writes Steve Vernon of the Stanford Center on Longevity. Some annuities can adjust payouts based on inflation or a certain percentage to address concerns over cost-of-living changes, he writes.
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