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New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal said on Monday, citing people familiar with the inquiry.The New York Department of Financial Services has sought information from Apollo Global Management, Guggenheim Partners and Harbinger Group Inc on investments that back so-called fixed annuities, the Journal said.As more investment firms acquiring or becoming involved with insurance companies the regulator is concerned that insurers are making potentially risky bets with some of the money needed to fulfill contracts that many customers depend on to supplement their Social Security payments and other retirement savings, the paper said.An Apollo spokesman told the Journal that the firm "looks forward" to providing information to the New York regulator.A Guggenheim spokesman told the paper that the firm welcomed the in...
With many teenagers starting summer jobs in a few weeks, it's important that have a basic understanding of how the tax code works.Uncle Sam will consider the majorit...
It's the million-dollar question facing every baby boomer: do you have enough for retirement? Actually, one million dollars isn't a big enough nest egg, according to...
If you've ever checked out the sweet perks that come with small-business rewards cards, you may be tempted to apply, even if you're not a business owner. But can you...
By the time you are nearing the pre-retirement years, you've probably heard all that nose-to-the-grindstone advice hundreds of times: Work longer. Cinch the belt tig...
Dear Opening Credits,My best friend passed and her husband, who I never got along with, was lost. He had absolutely no one (there is a reason if you know what I mean...
Fix The Debt, the group pushing Congress to do something about runaway deficit spending, is loaded with highly compensated CEOs who know more about prosperity than a...
Imagine being unemployed and still being able to build a lakefront home, all you need is a little taxpayer money. Private investigator Bernie "The Bug" Soldate says ...
Time flies, doesn't it?Before you know it, it will be time to retire. And that's something that sneaks up on all of us.It also means something different to each of u...
If you're in your 40s, you could be considered either a "late baby boomer" or member of "Generation X." Either way, you're at a time in your life when you're putting...
Taxes represent a great portion of every American's financial life, yet it's rarely taught in our schools. This lack of formal education often leaves us crossing our...
Technology advances and consumer habits have made it easier for identity thieves to steal personal information and wreak havoc on your financials before it gets dete...
Are you making the most of your money? Read our list of 10 things you most likely didn't know about your own finances–then use these tips to get your finances in o...
Safety FirstYou spend time and money to create a nice home. How can you protect it from intruders without it costing a fortune? It's easier than you think.Chris Hsiu...
Boomers planning on relying on just Medicare to cover their health-care costs in retirement better think again. With health care costs rising two to three times f...
Retirement Savings: No ExcusesThe list of excuses for why it's impossible to save for retirement is endless. Some people may be just getting started in their careers...
In order to achieve a life of personal freedom in this country, you will need to accumulate money in a savings account. The number one question we are asked is "When...
The Congressional Budget Office said Tuesday the federal deficit is expected to shrink to $642 billion in the fiscal year that ends Sept. 30, down sharply from last ...
When you are self-employed, regardless of your entity structure, you must give heed to succession issues. Hiring your children, no matter their age, is a first step in determining whether or not the child is willing or suitable to carry on the family business.
Sears Holdings (NYSE:SHLD) said Friday it will launch a lease-to-own program this month in all its Sears stores, allowing credit-strapped customers to lease big item...
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