| Jan 29, 2014
| 6:51 AM
President Obama’s plan for a new type of retirement account may help some Americans, but it’s unlikely to be a panacea for the U.S. retirement crisis.
In his State of the Union address Tuesday night, Obama proposed new accounts that would be...
| Jan 27, 2014
| 2:14 PM
This post has been corrected and updated. See the note at the bottom for details.
A city panel charged with deciding the next step in a labor union challenge to a benefits rollback for city employees postponed their vote Monday, leaving hundreds of...
| Jan 24, 2014
| 1:41 PM
That's the implication of an op-ed in Thursday's Wall Street Journal, which says that figures on retiree incomes used by the Social Security Administration systematically misses as much as 60% of the income that seniors receive. That income, they say, is ...
| Feb 9, 2014
| 8:17 AM
Call it a case of PR trumping HR: After days of public shaming and ridicule for his decision to cut the value of his firm's employee retirement benefit -- and his rationalization for doing so -- AOL Chairman and Chief Executive Tim Armstrong has backed...
| Dec 18, 2013
| 5:34 PM
Even in deep blue California, where Democrats dominate, organized labor is losing public popularity.
That's a general statement, based on nonpartisan polling.
Specifically, public employee unions are tarnishing all labor, according to the pollster....
| Dec 27, 2013
| 6:02 PM
Guess how many Americans correctly answered this basic financial question: Is the stock of a single company usually safer than a mutual fund?
A) 100% B) 80% C) 60% D) None of the above.
The right answer is D. Barely 1 in 2 people knew that a single...
| Dec 29, 2013
| 5:00 AM
Dear Liz: I have about $16,000 in student loans at 6.8% interest. At the current monthly payment it would take me about 7.5 years to pay them off. I contribute 10% of my income to my company's Roth 401(k) plan (my employer matches the first 6%...
| Dec 19, 2013
| 5:28 PM
Andrew Biggs of the American Enterprise Institute, whose disdainful take on the plight of older workers I described this week as "fatuous and flatly untrue," defended his position Thursday as "substantively ... correct."
We can't both be right on this,...
| Dec 13, 2013
| 6:02 PM
WASHINGTON — The U.S. Supreme Court said Friday that it would decide whether employees who suffer big losses in retirement accounts can sue their company if it encouraged them to invest in the company's shaky stock.
The justices will try to...
| Dec 10, 2013
| 9:22 PM
WASHINGTON — Congressional budget negotiators reached a hard-fought deal Tuesday aimed at avoiding another government shutdown, agreeing on a plan that would restore some money to programs hit by impending across-the-board cuts but trim spending...
| Jan 19, 2014
| 5:00 AM
Dear Liz: I often hear financial planners say you should save 10% of your income, but they don't go into exactly what that means. Is that 10% separate from retirement or including retirement? Does that include saving for your emergency fund? Is this...