pensions

SEC Charges Illinois With Fraud -- and Settles Immediately

On Monday, the Securities and Exchange Commission published a notice that simultaneously charged the state of Illinois with committing securities fraud and also settled the charges, without requiring Illinois to either "admit or deny" the agency's findings.

Want Security? Don't Invest...Save!

Want to retire with security to spare? Check out fixed rate annuities -- a way to save your way to security, rather than investing your way to an empty bank account.

Another Pension Bites the Dust: A Lesson from Hostess' Bankruptcy

When Hostess Brands entered bankruptcy liquidation, it became the latest in a long list of companies to kill its pension plan. And while the existing retirees may still be protected by the government's Pension Benefit Guaranty Corporation, younger Hostess employees won't be so lucky.

One Year From Retirement? Prepare to Make the Break

With one year left until retirement, you're in the final stretch. It's time to prepare for the transition, so give your budget a stress test, reallocate your assets and income sources, and take action on health insurance. Here are six helpful guidelines:

Who Pays Better: Big Companies or Small Companies?

Complaints over higher tax brackets aside, one rule holds true when it comes to your paycheck: Bigger is better. Now, thanks to a recent report out of the Bureau of Labor Statistics, we now know exactly where to look to score the bigger paycheck.

Will Employer Health Insurance Go the Way of Pensions?

For years, employers have been dropping old-style pensions in favor of 401(k)s, putting more responsibility for retirement in the hands of workers. Now, companies are considering doing the same thing with health insurance benefits: Meet the "defined-contribution" health plan.

New Law Gives U.S. Companies a Break on Pensions

A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.

Should You Accept a Pension Buyout Offer?

Recently, 90,000 former Ford workers got an interesting offer: They could trade monthly pension benefits for a lump sum of cash. Are such offers a good deal? That depends quite a lot on who you are.

Last-Minute Tax Tips: How to Chose the Right Form to File

With just a week to go before April 17, it's crunch time for getting your taxes filed. If you're just now getting started, the first question you have to answer is which form you should use to file. Here's how to figure it out.

Small Business Owners Are Clueless About Retirement

It's more than just near-term economic challenges small business owners are struggling with: Many also aren't planning properly for their future. According to a recent survey, one-third of them have neither a pension nor retirement savings, and have no idea how they will retire.

Busted Boomers and Beyond: Living with Less Social Security

At the rate things are changing and in the direction they're moving, the early baby boomers will be the last people to receive both full pensions and full Social Security benefits. If that's not you, you have some extra preparing to do. Here's why, and how:

Today's Retirement Myth: $1 Million Is Enough

$1 million is a lot of money, but assuming that should be your retirement funding goal can be dangerously simplistic. So before you spend the next few decades over- or under-saving, assess whether $1 million is enough -- or too much -- to fund your plans.

The Secret Your Boss Is Keeping About Your 401(k)

Many companies have done away with pensions, replacing them with 401(k) plans and related options that put responsibility for retirement saving squarely on you. But those same corporations have also been pushing to keep you in the dark about the plans' costs.

U.S. Retirement Assets Declined by $1.4 Trillion

More ominous developments on the darkening retirement front: The total value of Americans' retirement assets stood at $17 trillion at the end of September -- a drop of 7.5% from the record high of $18.4 trillion recorded on June 30, 2011.

We're Not Ready: More Bad News About Retirement

A spate of recent surveys highlight the dark trends around retirement in America. More of us expect to work significantly later in life, fewer of us think we're saving enough -- and the ones who think they are are often wrong. But it may not be too late for you to take some good advice.

Why Young Workers Want a Good Old-Fashioned Pension

The conventional wisdom is that young people today expect they'll change employers repeatedly, and thus don't really care about pensions. But it turns out the conventional wisdom is wrong. With 401(k)s looking less secure, a defined-benefit plan is a real lure for younger workers.

State Worker Retirements Are Soaring Across the Country

As wages and benefits shrink, state workers are retiring in droves. On top of all the layoffs, these retirements amount to a huge brain drain of government employees, and the problem is likely to get worse given the yawning budget gaps of states from coast to coast.

Surviving an Accidental Retirement

Lots of folks have reached retirement by surprise, thanks to the Great Recession. So, if you're scrambling to come up with a Plan B and plug the financial gap created by an unexpectedly early end to your career, here are some good ideas.