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Insurance

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Will CLASS Act avert elder care insurance crisis?


Many Baby Boomers don’t have to look far to see how long-term care costs can decimate a lifetime of retirement savings.

In some cases, their parents have had to deplete their nest eggs to pay …

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Public-private partnership helps seniors shield retirement assets


A year ago, the state of Iowa launched an initiative aimed at enabling residents to plan for their long-term care in a way that doesn’t require them to deplete all of their assets to become …

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Tax-exempt bonds down, yields up

Tax-exempt municipal bonds are heading to their worst quarterly performance in more than 16 years according to the Bank of America Merrill Lynch Municipal Master index.

The index, which accounts for price changes and interest …

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Jobless claims at lowest levels since July 2008

Applications for unemployment benefits fell to the lowest level since July 2008 for the week ended Dec. 25.

Applications decreased by 34,000 to 388,000 for the week, according to figures from the U.S. Department of …

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Study: Cash rewards prompt cardholders to spend more

Credit cards that give cash back prompt consumers to spend more and accrue more debt, according to researchers at the Federal Reserve Bank of Chicago. The initiation of a 1 percent cash rewards program yielded, …

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Captrust enters partnership with Holmes Murphy

Raleigh, N.C.-based Captrust Financial Advisors announced yesterday that it will open an office in Des Moines through a partnership with Holmes Murphy and Associates Inc.

Captrust, an independent retirement plan advisory firm, will acquire a …

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Big banks face pay scrutiny

Banks may be forced to tie risk-taking and lending practices to executive pay if new rules are adopted by international regulators, TheStreet.com reported.

The rules, proposed today by the Basel Committee on Banking Supervision, could …

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Tax service will not get funding for short-term taxpayer loans

H&R Block Inc. said HSBC Holdings plc will not provide funding for the tax preparer’s refund-anticipation loans, or RALs, after U.S. regulators ordered the lender to terminate the contract, Reuters reported. Instead, H&R Block will …

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Five REITs to consider


Dear Mr. Berko:

I have $20,000 to invest in one or two real estate investment trusts (REITs) and need your recommendations for a long-term (three- to five-year) time frame. I want to earn 6 percent …

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Proposed debit-card rules more ‘draconian’ than expected

U.S. banks could lose billions of dollars in revenues as a result of new debit-card restrictions proposed Thursday by the Federal Reserve, The Wall Street Journal reported.

The restrictions, most of which won’t be finalized …