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Thursday, April 24, 2014

Reuters Money: Why the IRS wants you to watch your IRA rollovers

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04/24/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Why the IRS wants you to watch your IRA rollovers
CHICAGO (Reuters) - Memo from the Internal Revenue Service to retirement investors: Be careful with those individual retirement account rollovers.
Fidelity rolls out new ETF managed account with BlackRock
NEW YORK (Reuters) - Fidelity Investments and BlackRock Inc, already partners in the exchange-traded funds market, are teaming up once again to launch a new ETF-heavy managed account aimed at providing income for investors preparing for retirement.
When the best offense is defensive stocks
LONG BEACH, California (Reuters) - You've been on offense with your global stock portfolio for five years, running up the score in sectors like consumer discretionary and technology stocks that have outperformed the broad market.
Stern Advice: Questions to ask your adviser about alternative funds
NEW YORK (Reuters) - Ever since they were badly burned in the 2008-2009 stock and bond debacle, investors have been pouring money into so-called "alternative" mutual funds, often at the behest of financial advisers who say those funds will protect them from the fire next time.
International diversification is rising, but still slow
(Reuters) - U.S. retirement savers are increasingly diversifying into international equities, but are still leaving much of what has to be considered a free lunch on the table.
As you sniffle, take a hard look at your allergy costs
NEW YORK (Reuters) - My family's contribution to the $15 billion annual allergy business tallies up to well over $100 a month, but our costs - like many people's - are adding up differently this year.
Activist investors see Ackman-Valeant deal as a model to follow
NEW YORK (Reuters) - William Ackman's $47 billion joint bid with Valeant Pharmaceuticals International Inc to buy Botox maker Allergan Inc may become a model for future deals, rival fund managers said.
Janus Capital shares up as outflows moderate
BOSTON (Reuters) - Shares of Janus Capital Group Inc rose on Tuesday after the Denver asset manager reported reduced withdrawals of cash by investors.
Conservative Koch-backed group uses soft touch in recruiting U.S. Hispanics
ORLANDO, Florida (Reuters) - The conservative advocacy groups backed by the billionaire brothers Charles and David Koch are known mostly for spending millions of dollars to pelt Democratic candidates with negative television ads.
Ackman, Valeant team up to bid for Allergan
BOSTON/NEW YORK (Reuters) - Activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to make a joint run at buying wrinkle-treatment maker Allergan Inc, according to security filings on Monday.
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