AT&T warned that it would take a fourth-quarter charge of about $10 billion because of bigger-than-expected pension obligations. AT&T also said it was lowering its expected long-term rate of return because of continued uncertainty in the securities markets and the American economy.
AT&T warned that it would take a fourth-quarter charge of about $10 billion because of bigger-than-expected pension obligations. AT&T also said it was lowering its expected long-term rate of return because of continued uncertainty in the securities markets and the American economy.
CNBC's Kayla Tausche reports BofA's "Face Retirement" site shows users digitally aged photos of themselves in an effort to compel people to save more money for their "golden years." And, CNBC's David Faber takes a peek at what his retirement will "look" like.
A weak economy, soft corporate earnings and the fiscal cliff, investment houses are warning of impending market turmoil. The outlook is gloomy for the immediate future, with glimmers of optimism for the longer term.
The nation's pension funds and endowments are feeling the pressure of low interest rates on their portfolios. James Bailey, Cambridge Associates co-founder and Janet Cowell, North Carolina State Treasurer, provide perspective.
Nancy Curtin, chief investment officer at Close Brothers Asset Management, tells CNBC that both in the United States and the UK you are seeing pension funds switch out of equities into fixed income.
If you're a Baby Boomer, the biggest challenge in looking for work may come with reimagining your career. You don't have to completely reinvent yourself, but you may have to adapt to a new environment.
There are now more than 25 million single women over the age of 45 in the US and approaching retirement. This author offers advice on the opportunities and challenges of single women as they approach the so-called "golden years."
To help mitigate the risk that inflation can introduce to a portfolio, you need to be on the defensive. Even modest inflation can erode your retirement savings. Here's how.