Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Unraveling the ins and outs of Medicare, including what it covers, what it costs, and what stocks move higher or lower because of it. Medicare provides an important safety net in your retirement, but if you don't understand the ins and outs of this critical program, you might not get the most out of it.
Your Money, Your Retirement, and the 2016 Presidential Election - What changes will you need to make to your portfolio should Hillary Clinton become president? What happens to your investments should Donald Trump become president? Join us on Sept. 12 as our panel of the world's top financial experts provide trusted information on the investment risks and opportunities that arise with the upcoming presidential election in November.
The Internal Revenue has recognized the tragic situation as a result of the Louisiana flood and has relaxed some rules regarding retirement loans and hardship distributions. This new procedure will loosen up the regulations in allowing the plan administrator to release the funds in a more efficient manner.
Kentucky is the home of thoroughbred horse racing, well-regarded bourbon and politicians fighting over some of the most vexing problems facing U.S. public pensions. Democratic House Speaker Greg Stumbo called 100 adjourned members of the state House of Representatives back to Frankfort on Tuesday to discuss pension investment losses, more than $171 million of fees paid to money managers and potentially budget-decimating shortfalls.
Welcome to Clout Street: Morning Spin, our weekday feature to catch you up with what's going on in government and politics from Chicago to Springfield. The board that oversees the Teachers Retirement System is scheduled to vote on whether to lower the expected rate of return on investments, a move Republican Gov. Bruce Rauner 's office has warned could blow a massive hole into the state's already shaky finances.
Children are not only expensive - they can turn the financial lives of many mothers, especially single moms, upside down, complicating financial planning or making it harder to keep up with the bills that go along with parenting. Washington, D.C.-based author Kimberly Palmer said she began wondering why men get magazines and books on investing and getting rich while women are targeted for lectures on pinching pennies at the grocery store and saving $10 on their next sweater purchase.
"There would be up to two weeks of furloughs for all employees," the agency said in information obtained by The Washington Post. "During this time, our offices would be closed to the public.
The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through Aug. 6. Goldman Employees to Pull $350 Million From Och-Ziff Fund -- Goldman Sachs Group Inc.'s retirement plan is pulling cash from one of the investment bank's most famous alumni, liquidating a hedge fund run by Daniel Och's Och-Ziff Capital Management Group.
Here's a term you really don't want used to describe your 401 : "One of the most expensive plans in America." That's what law firm Nichols Kaster calls the $1.3 billion retirement plan at the center of a proposed class action against Fujitsu Technology and Business of America Inc. In a lawsuit filed recently in San Jose federal court, the attorneys alleged a cornucopia of fiduciary breaches tied to excessive fees, record keeping, and the components of the company's target-date funds.
Presumptive Democratic presidential nominee Hillary Clinton told more than 200 mayors gathered Sunday in Indianapolis that cities are "where things are happening and getting done," despite, she argued, local leaders not receiving help from the federal government. "Instead, like other Americans, you see grandstanding, you hear threats to default on our nation's debt or shut down our government," Clinton said in her address to the annual meeting of the U.S. Conference of Mayors.
Social Security is the most influential social program the federal government has ever offered. Today, it is the primary source of income for Americans aged 65 and older.
The nation's framework for economic security and health care in retirement is financially unsustainable, but you wouldn't know it from listening to the presidential candidates. This week the Social Security and Medicare trustees warned of tough choices ahead to keep the two programs solvent over the long run.
Obama administration officials used the release of a report on the program's finances to amplify calls to expand benefits. Treasury Secretary Jack Lew acknowledged Wednesday that Social Security faces financial challenges, but nonetheless said that making benefits more generous should be a priority.
When President Harry S. Truman was personally negotiating with labor leader John L. Lewis to avert an economically crippling coal strike in 1946, the miners' top priority was not higher wages or more vacation but to improve the deplorable state of health care in the coalfields. They succeeded when Truman signed an agreement promising lifelong health and retirement benefits, paid for by a royalty on coal production.
Sen. Mitch McConnell speaks on Capitol Hill in Washington. An election-year bill that would protect health-care and pension benefits for more than 100,000 retired coal miners is dividing coal-state Republicans.
When we wind up talking about divestment campaigns these days one of the most frequent topics under discussion is Israel, but that's not the only target of liberal activists using these tactics. There's still a major push from the Left to persuade companies to pull their investment capital from the energy industry so as not to be associated with those dirty old fossil fuels.
One of the nation's largest multi-employer pension funds said that it is out of ideas for ways to save itself from an impending failure. After the Treasury Department rejected its Hail Mary proposal, which would have substantially cut benefits for some retirees, the Central States Pension Fund has little choice but to turn to a federal insurance program that is supposed to offer a lifeline to troubled pension funds.
With Donald Trump unopposed on the Republican side, New Jersey Democrats will cast some of the season's last votes on a contested presidential nomination on June 7. As the Editorial Board detailed before the Pennsylvania primary, despite the enthusiasm generated by Bernie Sanders, HILLARY CLINTON is better prepared for the office. South Jersey Democrats will also decide three congressional nominations.
Taking Social Security benefits early comes with a price, yet more than 4 in 10 Americans who are 50 and over say they'll dip into the program before reaching full retirement age. An Associated Press- NORC Center for Public Affairs Research poll found that 44 percent report Social Security will be their biggest source of income during their retirement years.
The offices of the International Association of Theater and Screen Employees were the opening media event site for Ohio Democratic U.S. Senate candidate Ted Strickland's three-day sojourn around Ohio to contrast his agenda with incumbent Republican Sen. Rob Portman's, especially on issues including economic fairness and getting earned pay for overtime work. Wednesday's media event featuring Ted Strickland speaking to a small group about wealth disparities and pay for work was dubbed the "You Work It, You Earn It" Tour.