WASHINGTON, Oct 24- The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings. The department and the Internal Revenue Service will let retirement funds offer long-term deferred annuities as a default investment in 401 retirement...» Read More
July 1- Lockheed Martin Corp, Pentagon's biggest defense supplier, said it will move existing employees to a defined-contribution retirement plan by Jan.1, 2020, becoming the latest company to freeze its expensive defined-benefit pension plan.
July 1- Lockheed Martin Corp, Pentagon's biggest defense supplier, said it would freeze its current pension plan and move employees to a defined contribution retirement plan. The new pension plan will come into effect from Jan. 1, 2016, the maker of the F-35 fighter jet, satellites and coastal warships said on Tuesday.
BOSTON, June 24- Assets in target date funds rose 24 percent to $624 billion in 2013, a new report found, reflecting a surging stock market and how investors have flocked to the simplified retirement savings vehicles- often as their default choice.
If you are a current or former member of the military, we'd like to hear about your experience with financial stress.
If you're between 18 and 34 and you have thought about how much money you put away in savings, we'd like to hear your story.
Funny thing about boomer women nearing retirement age: Many aren't that interested in dialing back. Here's what it means for the workforce.
Retirees are attracted to Latin America because their money goes further and there's better weather, USA Today reports.
More than half of millennials are living paycheck to paycheck, a new study found. However, they're optimistic about the future.
CNBC personal finance reporter Sharon Epperson reports on why baby-boomer couples are opting against marriage. It all comes down to money, she found.
Americans are worried about their retirement savings, as the once-dependable foundation has crumbled. The Fiscal Times reports.
Today's grandparents paid for college when their own children were young. But today, over half are also helping foot the bill for grandkids.
It's graduation season, which means it's time to give graduates something special. Here are gifts to help them make sense of money.
If you have a child in college and you have sorted out a budget for spending money, we'd like to hear how it is working out.
SYDNEY, May 23- When Christine Leaves quit full-time work in her late-50s, she spent most of her small retirement savings on a new car.
Between student-loan debt and coming of age during the financial crisis, millennials have a big problem with their retirement planning.
Government statistics project 70 percent of Americans over age 65 will eventually need long-term care, but most people aren't prepared.
Americans defaulted at the lowest rates last month since before the recession rocked the U.S. economy, according to a new report.
About two-thirds of workers with 401(k)s are going it alone, and about half of those folks are unengaged, USA Today reports.
Middle-class seniors want to stay in their homes and communities as they grow old, but escalating costs have them looking at cohabitation.
Financial Engines CEO Jeff Maggioncalda helps consult about 9 million of the 78 million baby boomers with their 401(k) plans. In one study, his company found people are making mistakes using "target date" retirement funds. Chad Parks, The Online 401(k) founder, provides perspective. With CNBC's Kelly Evans and Sharon Epperson.