High fees for 401(k) plans can erode returns to the point where a 1 percentage-point difference can mean running out of money 10 years sooner, says Josh Robbins of America's Best 401k. If your fees or funds' expense ratios are too high -- which is anything over 1% -- he suggests approaching the human resources department or senior management at your company.
Caring.com ranked the best US states for caring for people age 65 and older based on a combination of low living costs and access to relevant services. Oklahoma was ranked No. 1, due in part to nursing home costs that are considerably lower than the national average.
InPoint Commercial Real Estate Income has secured a credit facility of as much as $250 million to allow for mortgage loan financing for the REIT and its investors. The facility offers initial credit availability of $100 million, and President Don MacKinnon says it "better positions the company for a year of growth."
Rodin Global Property Trust has estimated its net asset value per share of common stock at $24.95 for Class A and Class I shares as of Dec. 31. The REIT's Class T shares, meanwhile, have an estimated net asset value per share of $24.93.
Phoenix American Financial Services has entered into a fund services contract with Virtus Real Estate Capital. Virtus will offer transfer agent and investor services to Phoenix American under the arrangement.
An analysis of billing records from over 3,000 US hospitals in 2014 revealed outpatient cancer treatment costs vary widely and were often two to six times higher than the Medicare allowable amount, according to a report from the American Journal of Managed Care. Pathology had the highest price markup ratio at 4.1:1, followed by radiology at 3.7:1 and radiation oncology at 3.6:1, and estimated cancer treatment expenses ranged from $50,000 to $500,000.
A film and TV camera professionals union has filed a claim against its former treasurer's fiduciary bond for more than $25,000 worth of hotel reward points he is accused of improperly taking upon leaving his post. A trial board of the union ordered the former treasurer to return more than $15,000.
Retirees of the future will be more vulnerable to market downturns than those of the past, says the Center for Retirement Research, citing retirees' increasing dependence on financial assets. They can minimize risk by annuitizing wealth, working longer or taking out a reverse mortgage, the center says.
There's a tax-free way for Medicare recipients in a high-deductible Medicare Advantage plan to beef up their savings. The Medicare medical savings account, or MSA, allows contributions to accrue interest without a tax bite, and withdrawn funds aren't taxed if they're used for approved medical purposes.
Great-West Financial launched an index-linked variable annuity that offers the potential to deliver higher yields than those available on certificates of deposit issued by banks. The product, being marketed as the Capital Choice annuity, incorporates a buffer that can reduce losses in market downturns.