Retirement
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NEW YORK-- Shares of Forest Laboratories Inc. rose to a year high Thursday after the drugmaker said Howard Solomon, its CEO for 36 years, will retire at the end of 2013..
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NEW YORK-- Shares of Forest Laboratories Inc. rose to a year high Thursday after the drugmaker said Howard Solomon, its CEO for 36 years, will retire at the end of 2013..
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The average 401(k) balance hit a record high of $80,900 in the first quarter, according to Fidelity Investments.
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CARSON CITY, Nev.-- The Nevada Senate endorsed NV Energy Inc.' s plan Wednesday to retire coal-fired power plants and pave the way for the state's biggest electrical utility to transition to more renewable sources. NV Energy has 10 power plants in Nevada, seven of which use natural gas.
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BATON ROUGE, La.-- Louisiana lawmakers have delayed the start date of Gov. With a 35-0 vote Wednesday, the state Senate gave final legislative passage to a one-year suspension of the law that had been slated to take effect in July. With the delay, it will apply to workers hired after July 1, 2014 _ if the law is upheld by the Supreme Court.
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BOSTON, May 23- The average 401 retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts.
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If you're 10 years away from retiring, listen up to Ivory Johnson of Delancey Wealth Management for advice on how to save your money.
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*Ireland takes rare aim at multinationals' tax rates. Bruton's call for an international clampdown on aggressive tax planning by large corporates is a rare negative shot at a sector that Ireland has courted for decades and underscores the high stakes for Dublin, which faces pressure to act alone.
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WASHINGTON, May 22- Pension funds- those old guaranteed-benefit retirement plans your grandma might have told you about- outperform those in 401 plans year after year, according to new research from consulting company Towers Watson.
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The new retirement age is getting younger for many Americans who can least afford to retire. African-Americans retire earlier than the general population, despite leaner nest eggs.
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DUBLIN, May 22- The international community needs to work together to stop large multinationals aggressively playing one country's tax code off against another, Ireland's Minister for Enterprise said on Wednesday.
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The Chicago- based Civic Federation also found that pension funding levels continued to drop, falling to an average actuarial level of 50.8 percent in fiscal 2011 from 80.3 percent in fiscal 2002. That suggests the area's pension systems currently have sufficient resources to meet just over half of their future financial obligations to retirees.
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CHICAGO, May 21- A job and a paycheck- they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? They want a piece of the $5.1 trillion in assets that the Investment Company Institute says was in workplace retirement plans last year.
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PROVIDENCE, R.I.-- A federal judge refused Monday to vacate the guilty plea of an estate-planning lawyer accused of using the identities of terminally ill patients to illegally obtain millions of dollars, calling his motion to withdraw his plea bizarre and without merit and ordering him into custody immediately.
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There's a lot at stake in how we plan for retirement, and most of us can't afford to screw up. Here are the top mistakes, according to financial planners.
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Baby boomers preparing for retirement are driving a surge in small business sales, as they find more buyers confident enough to expand their own businesses through acquisitions.
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.160x105.jpg?v=1368811628 "Retirees Go Abroad to 'Arbitrage' Meager Incomes")
Retirees are increasingly moving where daily bills are lower in order to crank up the purchasing power of Social Security, pension or annuity payments.
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SPRINGFIELD, Ill.-- Illinois' state universities and community colleges have agreed to gradually start picking up their own retirement costs under a preliminary deal that emerged at a public hearing Thursday, a step forward on a concept that's been debated by lawmakers for more than a year.
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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. "
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Retiring at an average of 61, Americans plan to stay on the job until 66, according to Gallup, an uptick that predates the 2008 recession.
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CHICAGO, May 15- Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. "It's good news, because it means healthcare inflation is below the cost of overall inflation- and that doesn't happen often," says Sunit Patel, senior vice president of Fidelity's benefits consulting group.