Linda Wolohan

Budget Deal Lets More Savers Switch to Roth 401(k): Taxes

U.S. workers willing to take tax pain today in exchange for tax-free gains on earnings in their 401(k) retirement accounts later have a new avenue to do so.

Vanguard to Open First International Bond Funds for U.S. Clients

Vanguard Group Inc., the largest mutual-fund provider, will open two international bond index funds next year, its first for U.S. investors.

Wellington, Janus, SAC Said to Get Document Requests in U.S. Trading Probe

SAC Capital Advisors LP and Wellington Management Co. received requests for documents from federal investigators looking into insider trading, according to two people familiar with the matter. Janus Capital Group Inc. also was asked for information.

Insurers Press U.S. to Let Employers Offer Annuities in Retirement Plans

It should be easier for employers to include annuities in their retirement plans because Americans are at risk of outliving their savings, insurers told Labor and Treasury department officials today.

Savers Stick With Roth IRAs Instead of Do-Overs to Cut Tax Bill

Investors aren’t rushing to lower their tax bills by reconverting their Roth IRA accounts to traditional ones ahead of the Oct. 17 deadline.

Disclosure Rules May Squeeze Retirement-Fund Fees

When Marc Spirn took a close look at retirement-plan costs at his Philadelphia-based medical office, they were so high he helped the business change 401(k) providers and save about $30,000 a year.

Pimco Deploys Derivatives in Race for Target-Date Assets

Invesco Ltd. and Pacific Investment Management Co. are adding riskier assets and complicated strategies in target-date funds as they seek to gain ground on Fidelity Investments and Vanguard Group Inc. in this fast- growing segment of the U.S. retirement market.

Target-Date Retirement Funds in U.S. Recover 2008 Losses, Morningstar Says

Target-date funds designed for investors retiring last year have recouped losses from the credit crisis, Morningstar Inc. said.

Average 401(k) Balance 62% Above 2009, Fidelity Says

Average balances of 401(k) retirement plans were about 62 percent higher as of March 31 than the first quarter of 2009, when the stock market reached a 12-year low, according to Fidelity Investments.

Average U.S. 401(k) Balances Reach Highest Level, Fidelity Says

Average balances of 401(k) retirement plans reached the highest level since Fidelity Investments began tracking account values in 1998.

"Vanguard has already been providing much of the necessary information under the new regulations, so we see these changes as more of an evolution than a fundamental shift."

- Linda Wolohan on Jan 04, 2012

New York

Fidelity Investments

Rick Levinson

Yen Drops as Asian Stocks Slide Before Fed; Grains Gain

Obama Says Bernanke Has Stayed at Fed ‘Longer Than He Wanted’

Obama Views with Snowden for Public Support on NSA Leaks

Asian Stocks Drop as Chinese Developers Fall; Sony Jumps

Obama Joins G-8 Allies Isolating Putin Over Assad