Grow Up Bevin showed mettle, lawmakers should too
When Gov. Matt Bevin was elected in 2015 one of his first priorities was addressing the death spiral in Kentucky's public employee pension funds.
Category Archives: Retirement
How will Louisiana use its surprise budget surplus?
It will be a few weeks before the size of Louisiana's budget surplus from the fiscal year that ended June 30 gets verified, but state leaders are already contemplating how the money might be used. "We are hopeful that the surplus will be around $300 million," said Commissioner of Administration Jay Dardenne , who builds the state budget for Gov. John Bel Edwards .
Tax increases a staple of many Democratic campaigns in state, Congressional races
One primary message from Democrats this election is that if they win the majority in the U.S. House, or win their respective governors' seats, they will do everything they can to increase taxes.
Saturday’s TV highlights and weekend talk shows: ‘A Summer to Remember ‘ on Hallmark
Catherine Bell, left, and Cameron Mathison in the made-for-TV romance "A Summer to Remember " on Hallmark. Pink Collar Crimes This new episode profiles a financial planner who allegedly siphoned money from the retirement funds of her relatives and friends to enable herself to live the high life.
Abortion-rights activists brace for new wave of restrictions
Abortion-rights advocates are intensifying efforts to make it easier for women to get abortions amid a new wave of state-level bans and restrictions expected to occur under a reconfigured U.S. Supreme Court. The efforts include boosting financial aid for women needing to travel long distances to get an abortion, and raising awareness about the option of do-it-yourself abortions.
The Rubio-Wagner Bills Help Workers by Modernizing Social Security
Senator Marco Rubio and Representative Ann Wagner wrote in USA Today that they are introducing legislation to modernize our more than 80-year-old public pension system - Social Security - to make it more flexible and better able to meet the needs of today's workers. This is welcome news.
Donnelly, Heller Introduce Bipartisan Bill to Protect Seniors from Financial Abuse and Scams
U.S. Senators Joe Donnelly and Dean Heller introduced the bipartisan National Senior Investor Initiative Act of 2018 today in the Senate. The proposal, which is aimed at protecting seniors from financial crimes and scammers, would create a dedicated task force within the Securities and Exchange Commission to strengthen protections for seniors who make investments.
Ryan Fundraising Effort Pulls in $10 Million in Second Quarter
U.S. House Speaker Paul Ryan's joint fundraising committee said Friday it had raised almost $10 million during the second quarter of 2018 as he and other Republicans try to keep control of the chamber in a challenging environment for their party in November's elections. The committee, called Team Ryan, said it has raised more than $70 million so far in the 2017-18 election cycle.
Candidates bring heat at Evening Star
The Evening Star Grange was a sauna Thursday night, as the three Democrats vying for the two seats in the Vermont House answered questions about the legalization of marijuana, whether they supported a carbon tax, education funding and school consolidation and gun 'safety' - not control. With the retirement of longtime Rep. David Deen, D-Westminster, and the plan by Rep. Michael Mrowicki, D-Putney, to seek another term, newcomers Cindy Jerome and Nader Hashim, both of Dummerston, also announced their candidacies for the Windham-4 seat.
Court confirmation process likely to follow Gorsuch playbook Source: AP
The Republican game plan for selecting the next member of the Supreme Court was ready to go even before longtime Justice Anthony Kennedy made his retirement announcement this week. Kennedy's news that he'll leave the court next month immediately activated a network of White House aides, congressional allies and outside advocates, all set for their second Supreme Court confirmation fight in two years.
Court confirmation process likely to follow Gorsuch playbook
The Republican game plan for selecting the next member of the Supreme Court was ready to go even before longtime Justice Anthony Kennedy made his retirement announcement this week. Kennedy's news that he'll leave the court next month immediately activated a network of White House aides, congressional allies and outside advocates, all set for their second Supreme Court confirmation fight in two years.
A Generation of Americans Is Entering Old Age the Least Prepared in Decades
Low incomes, paltry savings, high debt burdens, failed insurance-the U.S. is upending decades of progress in securing life's final chapter Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president. This cohort should be on the cusp of their golden years.
Ponzi Fraudster SentencedA California man was recently sentenced to a …
In July 2008, special agents from the FBI Sacramento Field Office executed a search warrant at the residence of a suspect and interviewed other individuals in connection with a mortgage fraud investigation. In addition to finding evidence for their own case, investigators uncovered ties to what appeared to be a separate mortgage fraud scheme, and FBI Sacramento opened another case, working in partnership with the Internal Revenue Service Criminal Investigation.
SEC charges insurance agent with $1.27 million Ponzi scheme
The Securities and Exchange Commission has charged James Hocker, a Bellefonte, Penn., insurance agent, with engaging in a Ponzi scheme that targeted unsophisticated retail investors. After selling insurance policies, according to the SEC's complaint, Mr. Hocker encouraged his clients to invest with him by promising guaranteed returns of between 10% and 30% from investments he would make on their behalf.
Malaysia seeks to lay multiple charges against Najib over 1MDB: Mahathir
Malaysia's Prime Minister Mahathir Mohamad speaks during an interview with Reuters in Putrajaya, Malaysia on June 19, 2018. - Reuters Malaysia's Prime Minister Mahathir Mohamad speaks during an interview with Reuters in Putrajaya, Malaysia on June 19, 2018.
Really, It’s Fixable: Social Security’s Future Is Safe
Social Security is the bedrock of Americans' retirement income security. So you may have been concerned by the news that the federal government needed to dip into the Social Security's trust fund to pay for the program this year.
Berry, Morphis flesh out their stances in District 68 race
A few months after announcing their intentions to run for an open state House seat in a district near Russellville, two Republicans facing each other in the primary have better formed their messages for the voters. When the campaign began in early February, neither candidate offered a clear idea of what each wanted to accomplish if elected to succeed outgoing state Rep. Trevor Drown, R-Dover.
Atria Investments LLC Has $2.22 Million Stake in Ishares Lehman 20 Year
Atria Investments LLC lessened its position in Ishares Lehman 20 Year by 74.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,208 shares of the exchange traded fund's stock after selling 54,401 shares during the period.
Mark Hulbert: In search of the perfect hedge for your retirement investments
Of course you would. Such a strategy represents the Holy Grail of retirement investing, allowing retirees to immunize themselves from the various asset classes' bear markets.
California Pension Bills Are Sensible Fixes, but They Have Little Chance of Passing
Given the pension funds' fiscal condition, it's hard to understand any serious opposition to these modest measures. But don't hold your breath.