Ameriprise Financial to Match Donations to Feeding America During Hunger Action Month
In recognition of Hunger Action Month, Ameriprise Financial, Inc. (NYSE: AMP) today announced that it is launching the Ameriprise Financial Challenge – a program that will double match all online contributions to Feeding America made during the month of September.* The public is encouraged to visit
hungeractionmonth.org starting tomorrow to make a contribution.
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One Year from Retirement -- What to do Now?
They’ve planned for it, they’ve saved for it, but up until now their retirement has seemed like a distant vision. Perhaps they’re narrowing in on a milestone birthday, or a point in their career where it makes sense to transition out of the workforce.
For pre-retirees with a year or less left at work, what steps should be taken to ensure a smooth landing in retirement? What issues should they discuss with their employers prior to leaving? What paperwork needs to be filed?
Our financial advisors have helped clients sort through these and other questions that arise in the weeks and months before retirement.
David Joy: Weekly Markets Commentary
Stocks drifted lower in light trading last week. It was the second consecutive weekly decline for the S&P 500 Index, leaving it at 1071, the midpoint between its April high of 1217 and its July low of 1022. Most of the week's decline came after the latest weekly jobless claims report showed an increase to the highest level since last November. A weaker-than-expected report of manufacturing activity in the Philadelphia region also contributed to the selloff. The S&P 500 is now 3.9 percent lower on the year.
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Columbia Management Streamlines Mutual Fund Offerings
Mutual fund consolidation expected to benefit shareholders and advisors
BOSTON – August 19, 2010 – Columbia Management announced that it has proposed 62 fund mergers as part of the integration of Columbia Management and RiverSource Investments. These proposals are subject to final approval by the funds’ boards of directors/trustees and are ultimately subject to shareholder approval.
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David Joy: Weekly Markets Commentary
There was some good economic news last week. Unfortunately for the U.S., the news came from Europe. The eurozone economy grew at a rate of 1.0 percent in the second quarter, powered by a 2.2 percent increase in Germany and a 0.6 percent advance in France. The German performance is the equivalent of a 9.1 percent pace on an annualized basis.
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