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When will enough be enough for voters?
In December 2012, Glendale Finance Director Bob Elliott told the public, “…at some point, we’ll have more retirees than active.” In the April 20 News-Press, in the story headlined “Pension cost rise to hit city budget,&...Tags: Politics, Pension and Welfare, Public Employees, California Public Employees' Retirement System, Interior Policy
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Column: Transforming your 401(k) into steady income
ReutersCHICAGO (Reuters) - A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401(k) plans are including investment choices that can help...Tags: Insurance, Retirement, Morningstar Incorporated, Career and Workplace, Wells Fargo & Co.
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Mortgage underwriting rules eased for seniors with assets
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...Tags: Politics, Career and Workplace, Pension and Welfare, Fannie Mae, Credit and Debt
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Shield Pa. taxpayers from a 'pension tsunami'
Pennsylvania's pension crisis is about to hit state homeowners and taxpayers, and the results won't be pretty. The state's two pension systems — for state government workers and public school employees — are, together, more than $47...Tags: Employees, Politics, Career and Workplace, Pension and Welfare, Natural Disasters
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Morgan Stanley sued in 'pay-to-play' retirement plan case
Reuters* Bank accused of steering 401(k) business to win extra fees * Morgan Stanley declines comment; ING denies wrongdoing May 20 (Reuters) - Morgan Stanley has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING...Tags: Windsor (Hartford, Connecticut), ING Group, Morgan Stanley Dean Witter & Company, ING Groep NV, Medical Specialization
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Glendale pays big pension numbers
As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...
Tags: Retirement, Employee Benefits, Politics, Career and Workplace, Employment Opportunities
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Average U.S. 401(k) balance tops $80,000, up 75 pct since 2009
ReutersBOSTON, May 23 (Reuters) - The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based...Tags: Employees, Stock Market, Career and Workplace, S&P 500
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Stern Advice-Why pension funds are eating your 401(k)'s lunch
ReutersBy Linda Stern WASHINGTON, May 22 (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company...Tags: Retirement, Politics, Mutual Funds, Career and Workplace, Pension and Welfare
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Column: Why pension funds are eating your 401(k)'s lunch
ReutersWASHINGTON (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company Towers Watson. In 2011,...Tags: Politics, Mutual Funds, Career and Workplace, Pension and Welfare, Loans
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COLUMN-Transforming your 401(k) into steady income
ReutersBy Mark Miller CHICAGO, May 21(Reuters) - A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401(k) plans are including investment...Tags: Insurance, Retirement, Career and Workplace, Morningstar Incorporated, Finance
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Sheraton workers agree to new contract, lift boycott
Two unions said Friday that they have ended a nearly six-year call to boycott the Sheraton Baltimore City Center Hotel, a move that came as workers ratified a new bargaining agreement with management. The unions, Unite Here Local 7 and Local 37 of the...
Tags: Employees, Unions, Career and Workplace
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For seniors, a break on mortgages
Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the home loan business,...Tags: Politics, Career and Workplace, Pension and Welfare, Fannie Mae, Credit and Debt
Jun 5, 2013
|Story| Glendale News Press
May 21, 2013
|Story| Reuters
May 24, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Reuters
May 11, 2013
|Story| Glendale News Press
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 24, 2013
|Story| Baltimore Sun
May 25, 2013
|Story| Hartford Courant
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