Retirement News

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

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.

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.

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.

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

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

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

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.

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.

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

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

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.

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 ...

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.

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.

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.

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.

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.

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.

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.