From CFO.com, “Employers Embracing Health Savings Accounts: Many say they’re likely to offer the vehicles, which resemble individual retirement accounts“:
Employers appear to be warming quickly to the concept of the health savings account (HSA), an IRA-like vehicle made possible by the enactment of the Medicare reform law last December. According to a new survey by Mercer Human Resource Consulting, 73 percent of 991 employers say it is either very likely (19 percent) or somewhat likely (54 percent) that they will offer an HSA along with a so-called high-deductible health plan by 2006.
From Reuters via Forbes.com, “Spitzer sparks grousing as he reforms mutual funds“:
Spitzer’s activism has spawned a good deal of grumbling among money managers that the crusading attorney general has gone too far. But some lawyers say Spitzer is just being a good prosecutor and is seeking to prevent future wrongdoing.
From Newsday.com, “Before buying annuities“:
Variable annuities can be a very complex and complicated product,” said Susan Wyderco, director of the Securities and Exchange Commission’s Office of Investor Education, which publishes the “Variable Annuities: What You Should Know” guide. “It’s very important to understand what you are purchasing before buying it.
From the Detroit News.com, “Workers must take another look at their company 401(k)“:
Company-sponsored 401(k) plans are one of the best ways to prepare for retirement, but millions of eligible workers aren’t taking full advantage of these programs. A recent ruling by the Internal Revenue Service, however, gives companies the green light to do more when their workers do nothing.