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Average U.S. 401(k) balance tops $80,000, up 75 percent since 2009
ReutersBOSTON (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 on a survey...Tags: S&P 500, Stock Market, Career and Workplace, Employees
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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: Stock Market, S&P 500, Career and Workplace, Employees
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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: Mutual Funds, Pension and Welfare, Personal Finance, Finance, Economy, Business and Finance
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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: Money and Monetary Policy, Finance, Economy, Business and Finance, Retirement, Career and Workplace
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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, Finance, Economy, Business and Finance, Retirement, Career and Workplace
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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, Wells Fargo & Co., Finance, Economy, Business and Finance, Retirement
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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: Stock Market, Finance, Economy, Business and Finance, Retirement, 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: Pathology, Labor Legislation, Medical Specialization, Career and Workplace, ING Group
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Boomers facing uncertainty of retirement, maybe working years more than they thought
The Great Recession saw unemployment rates double and the housing bust that proved far stronger and lasted much longer than anyone had expected. Through it all, retirement savings plans took a major hit. The economy is improving now. South Florida...
Tags: Employee Benefits, Finance, Boca Raton, Economy, Business and Finance, Retirement
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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: Employee Benefits, Public Employees, California Public Employees' Retirement System, Pension and Welfare, Government
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Check rules for keeping adviser, staying in 401(k)
Q: I have a financial adviser who helps me manage my finances and 401(k)'s. I'm retiring and want to leave my 401(k) with my company but still would like my adviser to help manage it. He says he would no longer be able to because I would no longer be...Tags: Personal Finance, Labor Legislation, Finance, Economy, Business and Finance, Career and Workplace
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Pennsylvania lawmakers float pension reform bills
HARRISBURG — A dozen years ago, state Rep. Chris Ross voted to give himself and 252 other lawmakers 50 percent pension hikes, while state workers and teachers got 25 percent increases. On Tuesday, Ross said the 2001 pension vote was bad. That vote,...Tags: AFL-CIO, Tom Corbett, Elections, Retirement, Crime, Law and Justice
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Reuters
May 13, 2013
|Story| South Florida Sun-Sentinel
May 11, 2013
|Story| Glendale News Press
May 10, 2013
|Story| Chicago Tribune
May 7, 2013
|Story| Allentown Morning Call
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