Author: dcadmin
Investment guidance for employees long overdue
A new Labor Department rule could help millions of workers make better choices on how to invest in their workplace retirement plans.
Latinos Lagging On Retirement Savings, Says Pew
Latinos are among the fastest growing demographic groups in the U.S., but the Pew Hispanic Center reports that they’re among the least likely to invest in or keep money in retirement savings. Michel Martin explores why with Jaime Levy Pessin, a freelance journalist who reported this for The Wall Street Journal, and financial expert Louis […]
Milwaukee archdiocese pension funds fall short
Three pension funds operated by the Archdiocese of Milwaukee for priests, lay employees and unionized cemetery workers have unfunded liabilities totaling $41.8 million, according to documents filed as part of the archdiocese’s bankruptcy proceedings.
Another Bad Idea to Help the Housing Market
A new proposal to help beleaguered homeowners keep their homes out of foreclosure would take a bad situation and make it even worse.
Most Baby Boomers Will Work for Life
Many baby boomers will continue to work after retirement. The decision to work during the traditional retirement years may be a choice or beyond our control.
IRS raises 401(k) contribution limit to $17,000
You’ll be able to contribute more tax-free money to your 401(k) next year, the IRS announced Thursday.
Guess What? Social Security Has A Profit
You’ve probably heard that Social Security is going broke, not good news for most of those with hopes of a sane and fiscally-secure retirement. The reality is that for most households Social Security is a central source of retirement funding, especially as more employers have moved from defined benefit plans to defined contribution plans.
Faith in Wall Street puts retirement at risk [video]
Rachel Maddow reviews the ways Wall Street privatization has eroded the traditional pillars of retirement, leaving Social Security the only remaining reliable source of lasting income for Americans who don’t want to have to work until they die.
Borrowing from your retirement plan may avert foreclosure, but be aware of risks
With hundreds of thousands of homeowners facing imminent foreclosure and estimates of 2 million or more in the wings, are there any financial tools available to distressed borrowers that haven’t been tried yet?
IRS delays cash balance pension plan rules to at least 2013
The Internal Revenue Service is delaying by at least a year the effective date of cash balance pension plan rules it proposed last year.
Analysis: Pension woes are complicating retirement
Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to retire ahead of schedule.
Money 911: Lower your credit card debt [VIDEO]
CNBC’s Sharon Epperson answers a viewer’s question about a pension.
