Investors concerned about rising interest rates were reassured by Fed Chair Janet Yellen’s speech yesterday. Andrew Soergel reports on her remarks to the Economic Club of New York. The suggestions you get from a stock broker or insurance agent on your 401(k) or IRA plan may soon change, as the Labor Department releases new standards for retirement investment advice. CNBC provides analysis of the rules that will require IRA and 401(k) advisors to act as fiduciaries. Runaway college costs are overwhelming many families, but there are ways to make graduating more affordable. Wealth Management offers three tools you can use to find the right college for your budget.

Yellen: Fed Should “Proceed Cautiously” With Rate Hikes– Janet Yellen, Chair of the Federal Reserve, said yesterday that the central bank’s policy committee should take a variety of factors into account when considering an adjustment to interest rates. Developments in China, financial market volatility, slow global growth and ongoing weakness in American manufacturing and net exports were all cited by Yellen as variables that have forced American policy officials to exercise caution. Read more…

Big Changes In Retirement Investment Advice Coming Soon–  Currently, stock brokers and insurance agents may tell you to invest your IRA in a high-cost or low-performing fund even when a better option is available, as long the recommendation is deemed to be “suitable” for you based on certain broad criteria. It’s also permissible if that investment nets the advisor higher commissions.  That may soon change. The Labor Department is expected to release new fiduciary rules on standards for investment advice as soon as early April. Read more…

Three Tools To Help Mitigate Soaring College Costs–  Figuring out how to pay for college is a challenge for many people, writes Lynn O’Shaughnessy. But three simple tools can help people understand what they’re facing, including the family contribution calculator and the “net price calculator” that schools are required to post on their websites. Read more…

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