Pensions
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Steve Beshear has signed legislation intended to shore up Kentucky's financially troubled pension plan for government retirees. The legislation would provide nearly $100 million a year to make the state's required contribution to the pension plans of state government employees.
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Steve Beshear has signed legislation intended to shore up Kentucky's financially troubled pension plan for government retirees. The legislation would provide nearly $100 million a year to make the state's required contribution to the pension plans of state government employees.
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Tax incentives to spur retirement-plan contributions lead only relatively wealthy, well educated Americans to save more, studies show. Automatic contributions work much better.
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Steve Beshear had pitched the idea of making several changes to the tax code to generate about $110 million a year in funding for the pension system. To offset that revenue increase, the proposal called for lawmakers to roll back the gas tax by 2 cents per gallon, cutting revenue by $61 million a year that would go the Road Fund.
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FRANKFORT, Ky.-- Legislative leaders are working on a potential deal that would eliminate a standard $20 personal income tax credit for Kentuckians in a move that could generate some $65 million a year to shore up the financially troubled pension system for government retirees.
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Outsized risks by hedge funds and fees could imperil pensions, says Simon Lack, SL Advisors founder and author of "The Hedge Fund Mirage."
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Sheikh Maktoum Hasher Al Maktoum, executive chairman at SHUAA Capital, explains why pension funds are buying into emerging countries as well as why he is focusing on SME asset based lending, and moving away from any banking and sovereign risks.
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The stock rally, low fixed-income yields, plateauing commodities and legal pressures have added to the concerns many investors have when dealing with hedge funds.
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Craig Dunn, CEO of AMP, tells CNBC how falling interest rates have boosted domestic sentiment in Australia, helping achieve a 2 percent rise in fiscal-year net profit.
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*Austria's Fekter welcomes plan to boost coffers. LONDON, Feb 14- The European Union's executive formally proposed on Thursday a tax on financial trading in 11 countries to raise up to 35 billion euros annually, a step investors said would hit savers and pension pots.
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*Options limited amid tight budgets, Washington gridlock. WASHINGTON, Feb 5- For too many of Vada Lindsey's lower-income clients, their hard-earned 401 accounts become go-to emergency funds when they are faced with unexpected cash needs.
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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.
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Retirees are ditching government bonds and demanding riskier assets.
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Investors are flocking to fixed income ETFs -- but they may be dangerous when rates rise.
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Markets expect the Fed to continue buying Treasurys, but the course for rates is more likely to be determined by the "fiscal cliff" talks.
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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.
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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.
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CNBC's Bob Pisani and John Carney discuss "Big Blue's" plans to contribute to its employee retirement accounts once a year, instead of twice a month.
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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.
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Start preparing for your retirement at least six months before you tell anyone at your office you are leaving.
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Tasks to complete with your employer before your last day or work.