Thursday, 25 Jun 2009 | Source: The New York Times
Washington blessed them as a way to put your 401(k) on automatic pilot and glide safely toward retirement. But popular target-date mutual funds have badly missed the mark - and now regulators are asking why.
A group of well-to-do German senior citizens, who lost their savings in the credit crunch, staged a revenge attack and held their terrified financial advisor to ransom, according to several published reports Wednesday.
A quarter of U.S. employers have eliminated or plan to cut matching contributions to employee 401(k) retirement plans to save money amid the economy's downturn, according to research released Monday.
People in the business community often argue against expanding public health care and pension benefits, arguing that this would raise taxes and that the private sector can do a better job providing those benefits than the government. But the evidence is mounting that the private sector can't.
I am loving connecting with thousands of you via Twitter. But what I am not loving is my growing sense that a lot of you are getting lousy financial advice.
The turning point for Stephan Jung came in February, around the time bonus checks were slashed. A veteran of UBS, one of many banks tarnished by the financial crisis, Mr. Jung realized that the old Wall Street would not be bouncing back any time soon.
Monday, 30 Mar 2009 | Posted By:
Scott Cohn | Source: CNBC.com
The Government Accountability Office warns in a new study that the long-term stability of traditional, defined benefit pension plans "is now vulnerable to the broader trends of eroding retirement security."
Calpers, California’s public pension fund, told over two-dozen hedge fund managers this month that they could lose Calpers’ business unless it gets better terms such as changes in fee structures, according to the Wall Street Journal.
Tuesday, 24 Mar 2009 | Source: The Associated Press
Lawmakers took a hard look Tuesday at rules adopted in the final days of the Bush administration on how millions of Americans with 401(k) and individual retirement accounts get guidance on investing for retirement.
Saturday, 28 Feb 2009 | Source: The New York Times
The wealthiest stand to lose the most under President Obama’s proposed budget, while individuals with lower incomes could gain in many different ways. But many of those in between — those with household incomes of $200,000 to $400,000 or so — may not see as much of a difference in their tax bills as they may have feared.
Thursday, 26 Feb 2009 | Source: The New York Times
In the economic downturn, financial advisers have been taken to task. But what, exactly, does your wealth manager owe you? And what can you never reasonably expect? The New York Times has answers.
60 years old, divorced, and forced into early retirement... One viewer's 401(k) is down 25% from its all-time high. How should a 401K account be allocated?... Read More
Shocking news out of Britain today: Queen Elizabeth II could run out of money by 2012 unless the government steps in and gives her a raise! But with a recession going on, it might behoove the queen to set an example for her subjects and get a real job... Read More