Retirement News

Thank goodness for President Barack Obama, for without his wisdom and foresight none of us would know how to live our lives, and in particular, how much money we need to save for our own retirement.

By Taddeo Bwambale The Government is considering removing all tax levied on retirement benefits for employees in the formal sector.

In spite of recent state legislature attempts to "fix" it, the Texas Teacher Retirement System is not broken.

The Employee Benefit Research Institute recently reported that one of the best things you can do to improve your chances at a successful retirement is to use a free online retirement calculator.

A new report casts considerable doubt on how well many Americans will fare in retirement: Those born between 1966 and 1975, the so-called Gen-Xers, will be the worst off, able to replace only half their working income.

Two former Cherokee County Sheriff's K-9s, Marco and Rico, have retired and are living with their past partners.

Did we see you at the North Beaches Art Walk last night? Check out The Eye. t.co/IT4bPnWJLH Retweet this "I remember thinking, 'wow, you're ridiculously good looking.'" Authorities thought this about these guys.

Four trustees of Detroit's two public pension funds are heading to a Hawaiian beach resort this weekend with their $22,000 tab paid for by the funds, which are mired in claims of mismanagement.

Luzerne County Controller Walter L. Griffith Jr. was arraigned today on charges he illegally recorded three conversations without consent from numerous people.

The debt ceiling clock is about to start running again. The U.S. Treasury on Friday will begin using "extraordinary measures" to keep the country from defaulting on its obligations.

Oregon House Speaker Tina Kotek on Wednesday backed off her refusal to allow steeper cuts to public-employee retirement benefits, potentially paving the way out of a stalemate that has stalled budget progress for weeks.

Mutual funds are caught in the middle of one of the most contentious issues in American politics: Spending by big business to gain influence in Washington.

Boomers lost a significant chunk of their retirement nest eggs in the recession, but it was members of Generation X who were really hit the hardest, according to a report released Thursday.

With interest rates near zero, investors have been desperately seeking yield. As a result, one of the hottest trades for investors over the last three to four years has been buying large companies that pay high dividends.

Americans may be living longer, but our retirement plans aren't keeping up. Which means people are living longer with smaller bank accounts.

'I'm doing it because it's an honor to give Pete what he deserves,' says Danialle Karmanos, who vows to pay for the Compuware founder's retirement gala.

Money manager IPO activity should be strong this year, despite the pricing of the May 2 ING U.S. initial public offering below its initial range.

Everyone knows you're supposed to save money for retirement. So how come, according to the Employee Benefit Research Institute, over half of retirees admit they have less than $25,000 in savings? It's hard to save money, especially if you're raising a family on anything less than the median household income, which according to the U.S. Census ... (more)

Almost all of the 50-to-70-year-olds surveyed said they had experienced at least one economic or life event that had taken a hit to their retirement savings, according to Ameriprise.

ALBANY?- Distressed municipalities, which make up a large number of cities, villages and towns outside of the New York City area, were a hot topic in a meeting held by Gov.