Volatility has spiked 35 percent over the past month. CNBC's Bob Pisani has advice for your retirement portfolio.» Read More
COLUMBIA, S.C.-- South Carolina's pension fund investments are expected to post double-digit earnings for the current fiscal year. The Retirement System Investment Commission said Thursday its investments earned $3 billion between last July 1 and April 30, pushing the fund's worth to almost $28 billion.
Rodney Martin, ING U.S. chairman & CEO, explains why the nation needs to redefine retirement and shares his company's plans to re-brand its business for "retirement readiness" planning.
A rise in the average 401(k) account balance, to $86,212, is largely due to boosts from the stock market, according to Vanguard.
Two new reports show that Americans over age 65 are falling behind financially, despite having retirement income younger Americans are less likely to have in old age.
But the measure, which will start in the Senate, may not even be voted upon in the House, where Speaker Michael Madigan said a bill his chamber passed in May to make unilateral changes to retirement benefits was the right approach to address the state's nearly $100 billion unfunded pension liability.
CHICAGO, June 7- The big four-story house in suburban Pittsburgh might remind you of the set of "The Golden Girls." Karen Bush, Louise Machinist and Jean McQuillin bought the Mount Lebanon, Pennsylvania, home together in 2004, when they were in their fifties.
Despite a proliferation of games and apps, and efforts by schools to teach the subject, financial literacy declined between 2009 and 2012, a survey shows.
NEW YORK, June 3- The California Public Employees' Retirement System registered to sell its 4 percent stake in Carlyle Group LP on Monday, one month after it moved to sell a quarter of its 8 percent stake in Apollo Global Management LLC.
Strategies to saving for your retirement in your 20s, with Mark Martiak, Premier Wealth/First Allied Securities, and Liz Pulliam Weston, MSN Money,
SAN FRANCISCO, June 3- California State Treasurer Bill Lockyer said on Monday he would not campaign for statewide office in 2014 when his current term ends and instead would retire from elective office.
An asset class those entering their golden years depend upon is taking a hit. Doug Sandler, Riverfront Investment Group; Michael Schumacher, UBS; and CNBC's Rick Santelli, discuss.
The growing number of retirees selling their pensions for cash is raising major concerns and drawing increased scrutiny for what some are calling unfair lending practices.
Rick Santelli explains why you need to be watching Japan carefully. (3:06)
More than half the oldest boomers- those born in 1946- had fully retired by the end of the year in which they turned 66, the age the Social Security Administration pegs as "full retirement age," according to a new survey by the Metlife Mature Marketing Institute.
TOKYO, May 30- Japan's public pension fund- a pool of over $1 trillion- is considering a change to its portfolio strategy that could allow its investment in domestic stocks to grow with a rallying market, according to people familiar with the deliberations.
*Cuts would save $150 million a year. May 29- Bankrupt Patriot Coal Corp. can reject collective bargaining agreements, cease pension contributions and convert retiree healthcare to an outside fund as part of its plan to save $150 million a year in labor costs, a court ruled on Wednesday.
It sounds like a trick, but it's true: Someone who saves for retirement in their 20s and stops a decade later will have more at 62 than someone who starts saving in their 30s.
"Quick trades" usually have negative outcomes for most people, explains Larry Fink, Chairman & CEO at BlackRock.
If investors are looking for diversification, they should consider putting some money in very large multinational companies, says Larry Fink, Chairman & CEO at BlackRock.
Larry Fink, Chairman & CEO at BlackRock, explains why in the long-term investors are going to get "duration" in equities, while bonds are no longer providing sufficient return.