- NewsMarketWatch•16 hours ago
It’s harder than you think to spend down your 401(k) account in retirement
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
- BusinessDayton Business Journal•yesterday
AK Steel among six steel industry stocks analysts expect a boost in price
Steel stocks have had recent surges on Wall Street, but overall the group of some of the largest steel companies have seen their prices decline so far year-to-date. However, with a slew of good news and several positive earnings reports, it seems many analysts think the time is right to get bullish on many of the steel industry titans. A report this past week by MarketRealist.com indicates that analysts appear bullish on six key steel stocks. The news comes after both AK Steel (NYSE: AKS), based in West Chester, and United States Steel Corp. (NYSE: X) both reported second-quarter earnings that beat analysts expectations. Steel giant ArcelorMittal (NYSE: MT) met expectations. Also, Barclays and
NewsReuters•10 hours agoShkreli sentence turns on antics, investor impact of crime
Shkreli, widely criticized after he acquired rights to an infection treatment and then raised prices 5,000 percent in 2015, hopes to avoid prison because of an unusual twist to his case: defrauded investors suffered no loss from his crime.
