93 percent of financial advisors had PTSD after 2008

Financial advisors were shell-shocked in the months and perhaps years following the 2008 financial crisis. Many couldn't sleep, they suffered bouts of anxiety and depression and self-doubt. In fact, according to recently published academic research, some 93 percent of advisors...

New rules would require 401(k)s to project lifetime payments

New rules that would require defined contribution plans to express accounts as estimated lifetime income streams are being proposed by the U.S. Department of Labor. The department's Employee Benefits Security Administration announced recently that it is seeking public comment...

Middle class struggles to get good financial advice

For about 20 years, Sue and Steve Manseau kept searching for a financial planner. Like most middle-class Americans, the couple found that the advisors they met didn't want their business. Until recently, financial advisors have managed investment portfolios for affluent...