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Cash balance plans help older entrepreneurs boost their retirement savings
Cash balance plans are not well known among the advisor community — but they should be. These excellent vehicles help business-owner clients catch up on retirement savings, realize tax benefits and strengthen the client-advisor relationship in the process. Ross K. Brown is vice president of business development at Payden & Rygel, a global asset management firm. Take the hypothetical case of Theresa who, at 53, leads a successful OB-GYN practice but has barely saved enough for what she feels will be a comfortable and secure retirement. With roughly $100,000 in retirement savings, she is starting to wonder if she’ll have to work forever. A cash balance plan can accelerate the…
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Credit Suisse faces crucial weekend with its future in balance
March 17 (Reuters) – Credit Suisse Group AG (CSGN.S) headed into a make-or-break weekend after some rivals grew cautious in their dealings with the struggling Swiss lender, and its regulators urged it to pursue a deal with UBS AG (UBSG.S). Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank, people with knowledge of the matter said on Friday. Swiss regulators are encouraging UBS and Credit Suisse to merge, one source with knowledge of the matter said, but added that both banks did not want to do so. The regulators do not have the power to force…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/34WKFZGX3BJOTB7YI7GFKUTYSU.jpg "Credit Suisse faces crucial weekend with its future in balance")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JBZ2QI55P5M47LZ3YEUPRKEE4I.jpg "Yellen pushes for ‘bold action,’ more reforms at World Bank this year")
