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Retirement News

News on Retirement continually updated from thousands of sources around the net.

3 hrs ago | Bloomberg

Fidelity Says 401(k) Retirement Savings Accounts Recover From 2008 Decline

Fidelity Investments said the average balance on customersa 401 retirement accounts has returned to September, 2008 levels on contributions and third- quarter investment gains.

Comment?

Related Topix: Personal Finance, Financial Markets, 9

Fri Nov 20, 2009

The Brampton Guardian

Nortel: A pensioner's nightmare

There are 17.6 million Canadians in the workforce today, but only 4.5 million have a defined benefit pension plan and half of those are in the public sector.

Comment?

Related Topix: Pension, Personal Finance, Canada, Economics News, Bankruptcy

WDRB-TV Louisville

Diocese: Pedophile priests should get benefits

The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing seeking permission to keep making the payments.

Comment?

Related Topix: Roman Catholic Church, Religion, Personal Finance, Economics News, Bankruptcy, Pension

KMOV-TV Saint Louis

Ohio AG sues credit agencies for public pensions

The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.

Comment?

Related Topix: Pension, Personal Finance, Foreclosures

KBOI-AM Boise

Fewer people, more jobs

To skirt layoffs in Gov. C.L. ``Butch'' Otter's budget office, his finance chief has become Idaho human resources director, too.

Comment?

Related Topix: Pension, Personal Finance

WTNZ-TV Knoxville

How to know if your 401k target date fund is appropriate?

The target date funds have investors pick the fund based on when they want to retire.

Comment?

Related Topix: Personal Finance, 401K

Thu Nov 19, 2009

BusinessWeek

Citi hires BofA head to lead investment unit

Citigroup Inc. said Thursday it named a former Merrill Lynch executive, Steve Bodurtha, as managing director and head of investments for North America.

Comment?

Related Topix: Personal Finance, Banking, Financial Services, Bank of America

Fox 8 - WJW

Obama administration abandons proposed Bush rule letting...

The federal government has decided to abandon a Bush administration plan that would have permitted mutual fund companies and brokerage firms to offer investment advice to 401 customers.

Comment?

Related Topix: Personal Finance, IRA, George Bush, W., US Politics, US News, Barack Obama, Law, Employment / Labor Law

Millville News

N.J. taxpayers fund pension benefits for non-government employees

Already, taxpayers are giving $1.3 million a year to 62 retirees of three Trenton organizations: the League of Municipalities, the School Boards Association and the Association of Counties, records show.

Comment?

Related Topix: Pension, Personal Finance, Trenton, NJ, Trenton Metro, Jon Corzine, US Governors, Atlantic City, NJ

GuruFocus.com

The Price of Cheating Death

I was at dinner with some friends and the conversation turned to the topic of undiscovered investment opportunities.

Comment?

Related Topix: Biotech, Science / Technology, IBM, Pension, Personal Finance, Social Security

My58.com

What Happens When Your Bank Fails?

People wonder what the FDIC does, what it protects and how they can make sure their money is safe.

Comment?

Related Topix: Financial Services, Personal Finance, Financial Markets, Mutual Funds

Seattle Post-Intelligencer

WV panel axes gov's offer on retirement costs

West Virginia school boards worried about paying for retiree benefits may go without temporary relief from the Legislature, after the Senate Finance Committee voted Wednesday to reject Gov.

Comment?

Related Topix: Personal Finance, US Governors, Joe Manchin

Wed Nov 18, 2009

MyFoxChicago

High Court Hears Ryan Pension Arguments

Illinois Supreme Court justices heard arguments on why ex-governor George Ryan should receive a partial state pension of $60,000. The state General Assembly Retirement System stripped Ryan of the $197,037 pension he was drawing annually up until his 2006 conviction of racketeering, conspiracy, mail fraud, making false statements to investigators ...

Comment?

Related Topix: Pension, Personal Finance

KCEN

Is your broker acting in your best interest?

As an investor you depend upon your broker for critical information and advice. But far too often these individuals are more interested in lining their own pockets than helping you fill yours.

Comment?

Related Topix: Personal Finance, Financial Markets, Mutual Funds

Coos County Democrat

Fire Department budget faces significant increases

Although the main Fire Department budget is up by 9.5 percent at an additional $155,949, the Budget Committee has agreed to approve the budget for now since the expanded proposals focus mostly on safety needs.

Comment?

Related Topix: Personal Finance, Fire

Rutland Herald

Sen.: Vt. faces $88M deficit

Vermont will face a deficit of at least $88 million in the coming budget cycle when state lawmakers resume their 2009-10 session in January, the Senate's highest-ranking Democrat said Tuesday.

Comment?

Related Topix: Windham County, VT, Personal Finance

CBS News

Okla. Ed Board Wants Use Of Rainy Day Fund Now

Cuts in state funding for education mean teachers at one northeastern Oklahoma school now must clean their own classrooms while their superintendent scrubs the toilets.

Comment?

Related Topix: Personal Finance, Brad Henry, US Governors, Pocasset, OK, Grady County, OK, Creek County, OK, Pawnee County, OK

Tue Nov 17, 2009

Clover Herald

Obama orders expansion of financial fraud task force

Citing a wide belief that "Wall Street does not play by the same rules as Main Street," Attorney General Eric Holder announced Tuesday the creation of a sweeping state-federal task force to uncover crimes contributing to the recent financial crisis or threatening to cause one in the future.

Comment?

Related Topix: Criminal Defense Law, Law, Securities and Exchange Commission, Corporate / Securities Law, Home, Mortgage, Personal Finance

Earth Times

The Legend Group Launches Updated Website Focusing on Investment and Retirement Planning Solutions

The Legend Group has redesigned its website to serve as an investment and retirement planning resource for individual investors, as well as a resource for employers seeking information about retirement plan sponsorship.

Comment?

Related Topix: Personal Finance

WVNY

Ten ways to fatten your wallet for Black Friday

There's more than one way to save money the day after Thanksgiving. You're certainly welcome to drag yourself out of bed at 4 a.m. to endure frozen toes, long lines and hand-to-hand combat.

Comment?

Related Topix: Life, Holidays, Day after Thanksgiving, Thanksgiving, IRA, Personal Finance

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