Boeing said it expects to take a $110 million non-cash charge in the first quarter for the pension change. Boeing said the defined-contribution plans allow it to "better predict and manage financial risks."» Read More
A new study by Boston College's Center for Retirement Research says Americans are $6.6 trillion short of what they need to retire.
There’s a class war coming to the world of government pensions. The haves are retirees who were once state or municipal workers. Their seemingly guaranteed and ever-escalating monthly pension benefits are breaking budgets nationwide.
Some of the largest corporations—American Express, FedEx and JP Morgan —are reinstating the company match for their 401 (k) plans, but whether that represents an trend of any sort is a matter of debate.
Starting in July 2011, firms that are 401(k) service providers must disclose in writing all direct and indirect compensation received, make available plan investment options in connection with brokerage and record-keeping services or both and disclose any changes to the fee structure within 60 days.
A recent U.S. Supreme Court ruling offers investors no help in combatting excessive mutual fund fees. And shareholders advocates say the ruling may spark a new round of litigation.
The rise in job losses, grim prospects for Social Security benefits, and paltry personal savings has created a situation where many Boomers must put off retirement from the workforce because they simply cannot afford it.
As retiring Baby Boomers flee to safer investments, some analysts fear there will be too many stocks and too few investors. But a lot depends on how much Boomers can really afford a conservative investing style as they try to recover from a lost decade for the stock market.
2010 should be the year to reform retirement in Washington, said Robert Reynolds, CEO and president of Putnam Investments. He shared his insights with investors.
Thirty percent of Americans with salaries of $100,000 or more said they are living paycheck to paycheck, up from 21 percent last year, according to a survey.
Some of the money that fled stocks for safe harbors like money-market funds and government bonds is beginning to return. Even with trillions still sheltered on the sidelines, some $56 billion has poured into equity funds since April.
I plan on retiring in 15 years (at age 60) and currently have 85% of my money in stocks. I’ve been maxing out my 401(K) since I was 21, and in the last year, I have seen some frightening drops in my funds. Should I be making any kind of changes to prevent more losses?
Stocks bounced back on Tuesday, closing up after Monday's sharp selloff. The market continued its recent pattern of shrugging off certain economic data and continuing in whichever direction it intended to go for the day. Housing starts dropped 1 percent in July after an upwardly-revised 6.5-percent jump in June, falling well short of expectations. Meanwhile, a gauge of inflation fell more than expected: Producer prices dropped by 0.9 percent last month, compared with a 1.8-percent gain in June. Read and listen to what the experts had to say...
I am loving connecting with thousands of you via Twitter. But what I am not loving is my growing sense that a lot of you are getting lousy financial advice.
Fighting the temptation to panic is probably the most difficult task. But it may also be the most important.
The recent market slide has many investors worried about their 401k. Barry Glassman, Senior Vice President of Cassady & Company and Scott Revare, CEO of Smart401K.com, joined Erin Burnett on "Street Signs" with their suggestions on what to do.