Retirement
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A new survey finds Boomers' fears about finances have abated, with nearly a quarter of them feeling more secure than they did 12 months ago.
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COVINGTON, Ky.-- Chemical company Ashland Inc. said Monday that Senior Vice President and Chief Financial Officer Lamar M. Chambers will retire in July. Chambers will have served 37 years at Ashland Inc. upon his retirement. Shares of Ashland, based in Covington, Ky., fell $1.59, or 2.1 percent, to $74.75 in afternoon trading.
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Insurers have been caught off-guard by the rising cost of long-term care insurance, reports CNBC's Jane Wells.
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Eschewing the Sun Belt, retirees are finding ways to cope with the high prices and high taxes that come with enjoying a big-city lifestyle.
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More Americans are debt-free than in 2000, but those with debt owe nearly 40 percent more, the Census Bureau says. USA Today reports.
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Workers 45 and older make up a disproportionate share of the long-term unemployed, and they have a hard time finding affordable health insurance.
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WASHINGTON, March 21- House Speaker John Boehner and his fellow Republicans say they are preparing to use the next debt limit deadline to fight for further spending cuts and major changes to federal healthcare and retirement programs.
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WASHINGTON, March 21- House Speaker John Boehner and his fellow Republicans say they are preparing to use the next debt limit deadline to fight for further spending cuts and major changes to federal healthcare and retirement programs.
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A contribution rate close to three percent, the lowest in the advanced world, is just one reason why American workers lag behind other developed countries in retirement savings.
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LONDON, March 21 Fitch Ratings has affirmed International Personal Finance Plc's Long-term Issuer Default Rating at' BB+', Short-term IDR at' B' and senior unsecured debt at' BB+'. The Outlook on the IDR is Stable. KEY RATING DRIVERS- IDRS AND SENIOR DEBT.
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March 19- At 54, Steven Eisen knows he's pretty lucky to be considering retirement from his Nashville law firm within the next year. Workers 45 and older make up a disproportionate share of the long-term unemployed, according to the Bureau of Labor Statistics and they have a hard time finding affordable health insurance.
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April 15 is looming, but if you look carefully there are a variety of possible ways to lower your 2012 tax bill.
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Social Security retirement program for the next 75 years. Assistant Senate Democratic leader Dick Durbin said the panel would be modeled after the "Simpson-Bowles" deficit-reduction commission that made recommendations to Congress at the end of 2010, but failed to garner enough support to push its comprehensive budget savings through Congress.
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Senate President John Cullerton wants to allow state workers to choose between keeping current pension benefits or maintaining access to state retiree health care insurance. Sangamon County Circuit Court Associate Judge Steven Nardulli found that health insurance is not a guaranteed pension benefit protected by the Illinois Constitution.
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CHICAGO, March 19- The economic recovery is not helping Americans shake a bad case of the retirement jitters.
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LONDON, March 19- Up to 400,000 more Britons will qualify for a new higher flat-rate state pension, the government said on Tuesday after it announced it would introduce the reform a year earlier than expected.
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SAN FRANCISCO, March 18- A federal grand jury has indicted former California Public Employees' Retirement System Chief Executive Officer Federico Buenrostro on conspiracy charges in connection with a scheme to commit fraud, the U.S. Department of Justice said on Monday.
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I doubt if Shakespeare was thinking about our 21st Century workplace when he penned that "parting is such sweet sorrow" yet the oxymoron surely is not lost on anyone who recently has lost a job or retired from one.
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Women make less but live longer, which makes saving for retirement more difficult. Personal finance sites are seizing the opportunity.
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March 15- International Personal Finance PLC:. *Canaccord Genuity raises target price to 530 p from 450 p; rating buy. Reuters Station users, click. 1580.