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Opinion: How your retirement savings can benefit from recent market changes and new legislation

Many people generally understand that most Americans don’t have enough saved for retirement, but the actual data can still shock the conscience. Nearly half of Baby Boomers have no retirement savings to speak of and a whopping 94% plan on Social Sec.....»»

Category: topSource: bizjournalsApr 28th, 2020

How to break into your retirement piggy bank in the coronavirus crisis

The coronavirus relief act gives workers of any age a way to dip into retirement savings for emergencies. And retirees can drag out thei.....»»

Category: topSource: usatodayApr 26th, 2020

Americans will be able to take money out of their retirement accounts penalty-free during the coronavirus pandemic

Maskot/Getty   The Senate and White House came to a bipartisan agreement on a $2 trillion coronavirus relief bill on Wednesday. In addition to making direct payments to American workers, the bill also relaxes the retirement account wit.....»»

Category: topSource: businessinsiderMar 25th, 2020

Market Extra: Market rout leaves public pension funds nursing a nearly $1 trillion loss for fiscal 2020: Moody’s

The global rout of financial markets this year is putting pressure on state and local government pension funds which are already struggling to fund themselves and pay for the future retirement benefits of public-sector workers......»»

Category: topSource: marketwatchMar 24th, 2020

Jonathan Burton"s Life Savings: Workers need full access to 401(k) and IRA retirement savings now to combat coronavirus hit

Congress should immediately waive penalties and income taxes for early withdrawal from retirement plans......»»

Category: topSource: marketwatchMar 23rd, 2020

Upgrade: I’m 59, and my husband and I earn $500,000 a year — but have credit card debt and nothing saved for retirement. What should we do?

This couple spent a ‘small fortune’ on their troubled son, but they also own a home worth $1.4 million......»»

Category: topSource: marketwatchMar 15th, 2020

U.S. oil company workers make big, bad retirement bet: their own stock

Employees at the largest.....»»

Category: topSource: reutersMar 11th, 2020

Oil workers made a big, bad retirement bet: Company stock

The losses spread across the 401(k) plans of some 66,000 workers underscore the danger.....»»

Category: smallbizSource: nytMar 11th, 2020

Oil workers made a big, bad retirement bet: Company stock

The losses spread across the 401(k) plans of some 66,000 workers underscore the danger.....»»

Category: smallbizSource: nytMar 11th, 2020

U.S. oil company workers made a big, bad retirement bet: their own stock

Employees at the largest.....»»

Category: topSource: reutersMar 11th, 2020

Women more likely than men to delay retirement

About half of working women say they’re putting off retirement and will work longer than they expected.  That’s according to MetLife’s Evolving Retirement Model study, which polled more than 1,500 workers and retirees, and more than 200 emp.....»»

Category: topSource: bizjournalsMar 9th, 2020

Here"s how much the typical American has saved for retirement at every age

Westend61/Getty Images The typical Amer.....»»

Category: topSource: businessinsiderMar 8th, 2020

TaxWatch: This is how much American workers saved during the first year after Trump tax overhaul

Trump is pledging another tax cut, while Democratic candidates vow to increase taxes on the rich and corporations......»»

Category: topSource: marketwatchMar 3rd, 2020

TaxWatch: This is how much American workers saved during the first year after Trump’s tax reform

Trump is pledging another tax cut, while Democratic candidates vow to increase taxes on the rich and corporations......»»

Category: topSource: marketwatchMar 3rd, 2020

By age 30 I"d saved $0 for retirement, but a strategic plan means I should be able to retire in 20 years

AzmanJaka/Getty Images By the time I turned 30, I had $0 saved for retirement. After watching my dad retire early and learning more about the early retirement movement, I decided that I wanted .....»»

Category: topSource: businessinsiderFeb 26th, 2020

US cities where $1 million lasts the longest in retirement

Is $1 million saved for retirement enough to live off of? Unfortunately, the answer differs for everyone. Lifestyle and where you live factors into the equation. Here are seven of the largest US cities where $1 million lasts the longest in retirement......»»

Category: topSource: moneycentralFeb 25th, 2020

We earn $500,000 a year but have nothing saved for retirement

This couple spent a ‘small fortune’ on their troubled son, but they also own a home worth $1.4 million......»»

Category: topSource: moneycentralFeb 25th, 2020

Capitol Business Preview: Proposed bill would protect Colorado employees who fail marijuana drug tests

While waiting for the introduction of bills that would mandate paid-family-leave benefits for all private companies and create a state-run retirement-savings system for workers at companies that don’t offer such a plan, business leaders are dealing.....»»

Category: topSource: bizjournalsFeb 17th, 2020

Bloomberg unveils plans to shore up Social Security

Mike Bloomberg on Sunday released plans to shore up Americans' retirement, promising to increase Social Security benefits and create a government-backed savings plan for workers at all income levels......»»

Category: topSource: moneycentralFeb 17th, 2020

Bloomberg unveils plans to shore up Social Security

Mike Bloomberg on Sunday released plans to shore up Americans' retirement, promising to increase Social Security benefits and create a government-backed savings plan for workers at all income levels......»»

Category: topSource: moneycentralFeb 17th, 2020