CHICAGO— A Cook County judge on Friday threw out a 2014 law aimed at reducing multibillion-dollar shortfalls in two Chicago pension funds, a decision city officials have said could leave the retirement accounts insolvent in a little more than a decade or lead to massive tax increases. "While we are disappointed by the trial court's ruling, we have always...» Read More
Footage this week of Indonesian militants thought to be fighting in Syria for ISIS shocked Southeast Asian security analysts, the Financial Times reports.
July 16- Constructing a portfolio based only on how financial assets will perform and behave ignores many of the investor's biggest assets: earning power, real estate and pension benefits such as social security. "The average person left to their own devices is blind to the kind of risk associated with human capital," said David Blanchett, head of retirement...
CNBC's Sharon Epperson tackling five basic facts everyone needs to know about their Social Security benefits.
Despite weeks of aggressive selling, Andy Xie, Independent Economist, notes that small-cap stocks remain expensive.
Rep. Nancy Pelosi sat down with CNBC's John Harwood to discuss social issues, Hillary Clinton's campaign and the uphill fight to win back the House.
CHICAGO, June 25- How much money you will need to save to enjoy a secure retirement depends on the ultimate unknowable: How long will you live? The advantage of these QLAC plans is that they provide some guaranteed regular income until death, so they can supplement Social Security. For example, Principal Financial Group Inc, which introduced a QLAC for individual...
The authors of "Get What's Yours: The Secrets to Maxing Out Your Social Security" share the latest Social Security woes they've received from readers.
The U.S. may need to enhance Social Security rather than curb it and require employers to take more responsibility for employees’ retirement savings.
LOS ANGELES, June 16- Researchers say that our financial acumen peaks in our early 50 s and starts a long slide by age 60. Just as we are losing our ability to navigate financial complexities, we are faced with deciphering baffling government rules about tapping our retirement funds. "It's extraordinarily complex and unnecessary," said Melissa Labant, director of...
The amount of your social security benefit shouldn't be a mystery. CNBC's Sharon Epperson on how to calculate.
Only high-income households have managed to build significant savings, and the Center for Retirement Research at Boston College says 52 percent of today's working-age households face the shock of declining living standards in retirement. "If you have a dollar to spend on retirement security, it's much better to spend it on Social Security than by spreading...
NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...
With tax season behind you, now is a good time to consider how you save your tax returns and other financial documents, NYT reports.
The workforce is graying, and a new study says that's a good thing. Think experience, loyalty, and more.
Democrat Jared Bernstein says Chris Christie's Social Security plan "does virtually nothing" to make the program solvent.
Jared Bernstein, Center on Budget and Policy Priorities, and Kevin Hassett, American Enterprise Institute, debate the best way to implement entitlement reform, including reshaping social security.
Add more guaranteed income to your retirement nest egg by delaying when you take your benefits.
New Jersey Gov. Chris Christie wants reduced Social Security benefits for wealthier Americans. Insight, with CNBC's John Harwood; Jared Bernstein, and Maya MacGuineas, Committee for Responsible Federal Budget.
CHICAGO, April 9- Illinois is the national poster child for state budget messes. Illinois exempts all retirement income from state taxes- Social Security, private and public pensions, and annuities. And we're hardly alone: 36 states that have an income tax allow some exemption for private or public pension benefits, and 32 exempt all Social Security benefits from...
CNBC's Sharon Epperson shed lights on how to maximizing your social security benefits, and pros and cons of different retirement age plans.