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Contributed by mm | October 10, 2006 7:42 PM PST
Spitzer is really good, and what's behind the curtains in Wall Street is really dark.
From CNN Money:
Dutch financial services giant ING Group will pay $33 million to settle lawsuits filed by New York and New Hampshire that alleged it accepted fees from companies to promote certain funds in retirement plans and that it did not fully disclose these payments.
The office of New York Attorney General Eliot Spitzer on Tuesday announced ING agreed to pay $30 million to some 50,000 New York state teachers who invested in ING retirement plans.
ING also promised to disclose in layman's English all the fees charged to investors and provide information about payments it receives for including funds in its other retirement plans, Spitzer's office said.
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Enjoy the latest personal finance news and commentary at PFBlog Network.
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Cities With The Best And Worse Savings Mentality (October 20, 2006)
American Express commissioned an interesting research to find out which cities have better savers. Is this a coincidence that residents in larger cities tend to be better savers?
Is IRA Contribution Always A Good Deal? (October 14, 2006)
Jeff Schnepper at MSN Money argues that for people already in high tax brackets, contributing to retirement savings account may not be an automatic winner. Instead, by paying tax now and invest in after-tax accounts, one can count on a lesser tax hit on portfolio's ...
Medicare Is $32 TRILLION In the Red (October 10, 2006)
It is alarming to know Medicare is even a bigger financial problem than social security. Who will pay for my healthcare in my golden years?
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