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
The U.S. Supreme Court is hearing a case on whether the trustees of a 401(k) plan should have considered an alternative with lower fees. NYT reports.
Oct 10- In changes that have raised the potential investment risks in many 401 retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans. BlackRock Inc, Fidelity Investments and Pacific Investment Management Co- all firms that have seen returns in their...
NEW YORK, Oct 1- It makes sense, given the gains workers have seen in their retirement plans and in home prices in recent years, that they would consider tapping their 401 accounts to buy homes.
Home costs are the biggest expense for people 50 and older, accounting for 40% to 45% of their household budgets, according to a report.
Many people nearing retirement grapple with choosing whether to retire "in place" or move to a new location. Here's what to think about.
An estimated two million American seniors are in debt from unpaid student loans, according to data from the Federal Reserve Bank of New York.
Communicating their competence is critical for women in the workplace, and is something they don't do nearly enough.
Kids and teens have company heading back to school: More adults over age 35 are returning to the classroom. Here's why.
If you're thinking retirement, but aren't sure exactly where to put your money, target-date retirement funds might be right for you. Personal Finance Correspondent Sharon Epperson explains the strengths and weakness of these "set it and forget it" funds, and whether they're right for you.
A new poll found that 30 percent of retirees would "unretire" if a job became available, The Fiscal Times reports.
Every year, thousands of Americans move to new cities to start retirement -- and that decision must be weighed by a host of factors.
$100 equals $100 … true or false? Not so if you're spending it in different states. A new analysis shows where your money goes furthest.
In fact, 14% of people ages 65 and older have nothing saved, but experts say there's no time like the present to start.
What's worse than financial abuse of the elderly? The fact that relatives, often adult children, are most often the perps. Here's how to spot it.
Four out of 10 workers say they would take a lower salary if they were offered a bigger employer contribution to their 401(k) retirement plan, USAT.
Most everyone reaches a point where managing one's money is too hard. Here's how to know when Mom or Dad needs help, and how best to give it.
WASHINGTON, Aug 4- The Treasury Department's new office on state and local finance will scrutinize public pensions, appointing a specialist in the area and becoming a resource for retirement planning, its inaugural director said in a speech on Monday.
Having a family talk about parents' goals for old age is never easy, but experts say it needs to happen more often. Here's how.
Grandparents have to balance their grandchildren's needs without jeopardizing their retirement savings. USA Today reports.
July 15- A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.