| Financial Planner /Advisor Position
Gilbert Advanced Asset Management, Inc., a Premier-Financial Planning firm in the Tri-City area is seeking an ambitious, very intellignet, and self-motivated individual for the position of Financial Planner or Advisor. Job duties include meeting with clients and prospects as well as bringing in a new potential clients through various marketing methods. iIn addition, Advisor would provide ongoing financial and investment advice. Interested candidates must have experience in the financial industry as a financial planner, advisor, or consultant and have an entrepreneurial mindset. Also excellent communication, writing, and speaking skills are required in addition to a Bachelor's Degree or higher. Candidates must also possess a high level of professionalism to meet the firm's intrinsic values of honesty, accuracy and unparralleled service.
UK Conservatives, Criticizing Brown, Seek Pension Bill Change
April 16 (Bloomberg) -- Britain's opposition Conservative Party, criticizing Chancellor of the Exchequer Gordon Brown for ending tax breaks on retirement savings, said it will seek changes to a pension bill this week. Documents released by the Treasury last month show Brown ignored advice given in 1997 by civil servants, who argued that ending the credit would cost employers 5 billion pounds ($9.9 billion) a year and undermine the finances of pension funds. Criticism of Brown's record on managing Britain's finances is heating up as he prepares to replace Tony Blair as prime minister in coming months. The attacks focus as much on Brown's leadership style as on his policies themselves. ``This was a crucial test of good government for the chancellor, and we now know how badly he and his political advisers failed it,'' Conservative lawmaker William Hague said today in a speech to the British Chamber of Commerce in London.
Collins in $96M pact with PBGC to take over pension plan
WASHINGTON -- Collins and Aikman Corp. has agreed to a $96 million settlement with the Pension Benefit Guaranty Corp. that relieves the auto-parts maker of payment obligations under its pension plan. The Southfield, Mich.-based company has been operating under Chapter 11 protection through the U.S. Bankruptcy Court in Detroit since May 2005, and is seeking approval of the pact, which plays a key role in the company's plan to pay creditors, the company said Friday in court papers. The PBGC, a federal agency that insures private-sector pension plans, has a potential claim totaling $192 million against the company in connection with funding obligations for its pension plan. Collins and Aikman said it stopped making minimum funding contributions to the plan in July 2006 resulting in $8.1 million in missed payments.
Americans not well-positioned for post-retirement years
A large percentage of American workers recognize the U.S. retirement system is undergoing major changes, but many are not adapting in ways that are likely to leave them well-positioned for a comfortable retirement, according to the 17th annual Retirement Confidence Survey (RCS), released on April 11. The survey is sponsored by the non-partisan Employee Benefit Research Institute (EBRI) and Mathew Greenwald & Associates, a survey research firm. Highlights include: The RCS finds pension-plan changes by employers have left nearly half of workers less confident about the benefits they will receive from a traditional pension plan, but that those experiencing a decline in retirement benefits often fail to react constructively. Among workers who have personally experienced reductions in the retirement benefits offered by their employer, nearly 2 in 5 indicate that they have done nothing in response to these reductions.
How to dwindle your debt away
Despite the fact that many students don't know what classes they will take next semester or what they will have for dinner tonight, senior finance lecturer Michael Brandl thinks students should start saving for retirement, he said.
"It may sound crazy, but the biggest thing students can do is to start saving for retirement," he said. "If you have a job, you can put money into a Roth individual retirement account for as little as $100, and just put in as little as a few dollars a week."
The Texas Legislature is debating bills that address rising tuition costs, which many reformers blame on tuition deregulation passed in the Legislature in 2003. Since deregulation, tuition at UT has only gone up by 102 percent, according to the Texas Higher Education Coordinating Board.
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