On Thursday, Shares of Charles Schwab Corp (NYSE:SCHW), gain 2.12% to $30.37.
A new survey illustrates the vital role of 401(k) plans in assisting workers save for retirement, but also identifies obstacles to saving effectively and a strong desire among participants for professional assist in choosing the right investments. There is also widespread belief that retirement should be a major issue talk about by the presidential candidates in the forthcoming debates.
Wealth & Health
The nationwide survey of 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, finds that a 401(k) is viewed as an essential workplace benefit and that people are taking saving for retirement very seriously in much the same way they strive to manage their health. In fact, 90 percent of respondents said they would think twice about taking a job if the company did not offer a 401(k) plan. The survey also found:
- More than two-thirds (68%) consider making the best 401(k) investment choices a key precedingity – even more so than staying in shape (59%).
- 73 percent would rather have their 401(k) balance grow by 15 percent this year than lose 15 pounds.
- Participants pay more attention to 401(k) investment fees (64%) than ATM fees (60%), airline baggage fees (50%) or gym sign-up fees (49%).
“When it comes to retirement, there’s been a noteworthy shift of responsibility from employer to employee over the past 30 years, making the 401(k) plan a critical part of the retirement system,” said Steve Anderson, head of Schwab Retirement Plan Services. “Our survey found only one in five participants would be confident in their ability to save for retirement without a 401(k) plan. In fact, participants worry as much about having enough money to enjoy retirement as they do about being healthy enough to enjoy retirement.”
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of Altria Group Inc (NYSE:MO), inclined 0.94% to $53.71, during its last trading session.
Altria Group, Inc. (Altria) (MO) will host a webcast of its business presentation at the Barclays Global Consumer Staples Conference in Boston, Massachusetts on Wednesday, September 9, 2015 at about 9:45 a.m. Eastern Time. The webcast will feature a presentation by Billy Gifford, Altria’s Chief Financial Officer.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
Finally, Google Inc (NASDAQ:GOOGL), ended its last trade with 1.25% gain, and closed at $667.96.
Google rejected on Thursday a complaint by Europe’s competition watchdog that the Internet giant is abusing its dominance in Web searches to promote its own products. AP
The European Commission, the EU’s executive body, alleged in April that Google has improperly favored its shopping comparison service in its own search results, in a high-stakes case that could lead to billions of euros in fines.
Google Senior Vice President Kent Walker said in a blog post that the commission’s conclusions “are wrong as a matter of fact, law, and economics.”
Google said it presented a rebuttal of the European Commission’s case of around 150 pages with economic, data and legal analysis to back up its position. AP report
Walker said that Europe’s anti-trust regulator offers “a peculiar and problematic” solution to the issue by demanding that Google show advertising sourced and ranked by other companies within its own advertising space. AP
U.S. antitrust regulators looked into similar allegations about Google abusing its search dominance to thwart regulators and closed their investigation in 2013 without requiring any noteworthy changes because they found no evidence that Google’s practices were harming consumers. AP
Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Google Now that offers information to users when they need it; AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google network to deliver ads; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as AdExchange and AdMob.
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