Wednesday, April 7, 2010 as of 11:14 AM ET
Ameriprise Financial, Inc. () is one of the leading diversified financial services companies in the U.S.
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With retirement just around the corner, many baby boomers are going through another major life change: divorce.
The overall divorce rate in the U.S. sits around 50%, and in 2009, one in four of divorces were among baby boomers--an increase from one in 10 in 1990, according to research conducted by sociologists Susan Brown and I-Fen Lin of Bowling Green State University.The divorce process can provide financial hardships and paperwork headaches at any age, but the financial issues become more complex when retirement funds play a larger role in proceedings. "Everyone who gets divorced is worse off financially," says Randy Kessler, founding partner of Kessler & Solomiany.Splitting assets with retirement only a few years away can complicate the process, and experts advise boomers work with mediators, lawyers, and financial planners to create a favorable settlement from a tax and retirement perspective."Not all assets are created equally, and not everyone in a divorce knows what to ask for,"...DOW JONES NEWSWIRESAmeriprise Financial Inc.'s (AMP) first-quarter earnings rose 1.2% as the financial-services provider saw revenue increase slightly.The company al...
Ameriprise Financial Inc. late Monday reported its first-quarter operating earnings rose to $335 million, or $1.45 a share, from $344 million, or $1.33 a share, in t...
As American families become more blended due to the country's 50% divorce rate, the lines can become fuzzy when it comes to money and finances."One of the biggest ch...
Six More Uses for an IRASince its inception more than three decades ago, the individual retirement account, or IRA, has solidified its role as the investment tool of...
After a tough week at work many Americans are probably tempted to tell their bosses they're quitting, but few actually have the courage to do so, especially with une...
Searching for more autonomy and concerned with the perceptions of big investment houses, Neal McNeil is part of a growing number of financial advisors leaving behind...
Securities regulators charged two Ameriprise Financial advisers and three others with insider-trading, saying they made $1.8 million in illicit profits based on conf...
JPMorgan Chief Equity Strategist Tom Lee on China’s economic slowdown and why there is pent-up demand for housing which will boost a housing recovery.
Ameriprise Financial Chief Market Strategist David Joy on why investors shouldn’t let fear prevent them from seizing opportunities in the markets.
By providing the markets with a giant easy-money punchbowl, the Federal Reserve has sought to give Americans an extra incentive to buy a home: off-the-charts low mor...
Oh, brotherHave younger siblings? Chances are you're more interested in intellectual, cognitive careers, such as medicine, law, accounting and engineering, that wiel...
It seems as if everyone has a different plan that they tout as being the best for saving for college. Families trying to map out a college payment plan face rough wa...
A former Yahoo executive and a former fund manager at Ameriprise Financial Inc. have entered guilty pleas in an insider-trading case stemming from a pending deal bet...
While boomers have redefined the way we age, the importance of family has not wavered, and we remain committed to our loved ones.Boomers are increasingly finding the...
So long as the eurozone debt saga doesn't spiral out of control, some housing-market observers are growing increasingly confident the tepid rebound the industry is n...
Growing up is tough enough without the worries of your financial future, so Money101 is here for you. E-mail us at FoxBusinessMoney101@gmail.com with your questions ...
Ameriprise Financial Chief Market Strategist David Joy on spring markets and where he is advising investors to focus.
For the third spring in a row, investors are concerned about the chances of a springtime slowdown stalling the U.S. economy.While optimism brimmed about the strength...
Depression-era kids grew up as penny pinchers and accrued significant savings when retirement rolled around. Their kids however--the baby boomer generation--are find...
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