NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "» Read More
NEW YORK, Feb 19- Sandy Harsh never expected to find herself with $16,800 in credit-card debt and her retirement dreams drifting farther away. Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand.
New York, Feb. 7- We've all said it, or at least we've heard it: the claim, made either happily or wearily, that we are never going to retire. They are people like George Middleton, 61, a certified financial planner in Vancouver, Washington, who loves his job and says he expects to keep working as long as possible.
NEW YORK, Feb 6- Employers are getting smarter about how they run retirement plans. David Huntley, principal at HR Consultants in Baltimore and publisher of "The 401 Averages Book" talks about these and other trends. Kids don't seem to think about Social Security, but they are aware that saving is important.
A new study found that Americans support increases in payroll taxes and taxing higher incomes for Social Security, but want minimum benefits and cost-of-living adjustments to be increased too.
CNBC's John Harwood reports House Republicans are going to propose to extend the debt limit until April 15; and Max Richtman, National Committee to Preserve Medicare; and Bill George, Harvard Business School professor, debate whether eligibility for these programs should be raised to age 70.
WASHINGTON, Jan 16- A business group of top executives on Wednesday proposed reforms to Social Security and Medicare that would raise the enrollment age for both programs to 70 but not raise Social Security taxes paid by upper-income Americans.
WASHINGTON, Jan 16- If you like your 401 retirement savings account, you're going to love what healthcare reform does to your employer-provided health care plan.
WASHINGTON, Jan 15- States are not alone in racking up massive public pension bills: U.S. cities need hundreds of billions of dollars to make good on their promises of retirement healthcare and income to workers. Omaha, Nebraska, Portland, Oregon and Providence, Rhode Island were all at 50 percent or below.
What happens if the U.S. does not get the spending cuts, and where is the U.S. economy headed in the next 10 years? Alan Simpson of the Fix the Debt Campaign, provides perspective.
WASHINGTON, Jan 15- AARP, the powerful lobbying group for older Americans, urged political leaders on Tuesday to pursue so-called entitlement reform as part of a wide-ranging discussion about healthcare costs and retirement security rather than as a narrower deal on deficit reduction.
CNBC's Eamon Javers explains why the agency needs more money.
Peter Keith, Piper Jaffray analyst, explains how the payroll tax is impacting Americans' income.
CNBC's Eamon Javers explains why Social Security needs more of your money.
The Social Security Administration has taken back a reprimand it gave to an employee who was written up for "passing gas and releasing an unpleasant odor" that created a "hostile work environment."
Would you consider this a hostile work environment: The Social Security Administration reprimanded an employee whose co-workers said he continuously passed gas.
"Social security is the best-funded government program," says David Cay Johnston, a pulitzer prize-winning reporter and author of several books on corporate and government policies.
Bill Frezza, Competitive Enterprise Institute fellow, explains how the rise in single family households will eventually impact entitlement programs such as Social Security and Medicare.
WASHINGTON, Dec 5- Contrary to what you may have heard, new retirees are doing better financially than previous generations, according to research being published on Wednesday by a mutual fund industry trade group.
Looking for a second career--or a new one? Here are six jobs to ride America's "age wave."
Many over-40 workers — the Generation X and baby boomer generations — are plotting their career options as they bear down on retirement age.