retirement planning
Targeting a Better Way to Save for Retirement: Justin Fox
published May 3, 2018, 2:00:15 PM, by Justin Fox (Bloomberg Opinion) — Let’s run through some fun retirement-savings jargon: DB, for defined benefit, means a traditional pension plan. The monthly payout is defined from the start and guaranteed by the plan sponsor. DC, for defined contribution, is an individual retirement
Federal Reserve Rate Hike: Who Wins, Who Loses, Who Goes Meh
©2015 Bloomberg News NZGZIHSYF01S (Bloomberg) — Janet Yellen and the Federal Open Market Committee have finally taken the world’s biggest economy off life support. Now, U.S. government deficits will rise, insurance companies will get relief and savers — who’ve weathered years of earning next to nothing — will continue to
Goldman Says Older U.S. Workers Poised for a Comeback
©2015 Bloomberg News NWBXGQ6JTSER (Bloomberg) — Older U.S. workers are defying expectations, and international trends, when it comes to their labor force involvement. Americans are living longer, are less likely to have pension plans, and are in better health further into old age — yet a long-running uptrend in 55-64
Retiree Health-Care Costs Rise to a Cool Quarter Million
©2015 Bloomberg News NVUH4H6S972Q (Bloomberg) — The average 65-year-old couple retiring this year will face health-care costs of $245,000 in the years ahead, up 11 percent from a 2014 estimate of $220,000, according to a new report. That’s alarming if you’re 65, and maybe more alarming if you’re 25 — imagine what
Look How Much Your Peers Are Saving for Retirement (You Loser)
©2015 Bloomberg News NSPM0H6KLVRR (Bloomberg Business) — What if people in your age and income brackets put an average of 8 percent of their salaries into their 401(k) plans, and the top 10 percent squirreled away 15 percent— and you could see it all on your plan’s website? And what if
Labor Department Wants to Fix Your Retirement Plan: Matt Levine
©2015 Bloomberg View NMV5G66JTSEA (Bloomberg View) — Yesterday, the Department of Labor released its proposed rules “to protect consumers from conflicts of interest in retirement advice” by requiring brokers to act in their customers’ best interests when dealing with individual retirement accounts. The concern is that a lot of retirement advice is provided
Bloomberg Business: The Real Reason Brokers Oppose a Fiduciary Standard: Paula Dwyer
Copyright 2015 Bloomberg. NKFIO26S972J (Bloomberg View) — Wall Street is wasting no time revving up its lobbying machine now that President Barack Obama has said his administration soon will propose a rule to require brokers to act as fiduciaries when advising clients on their retirement savings. Asking brokers to put clients’
Bloomberg Business: White House Is Not Fond of Hidden Retirement Fees: Matt Levine
Copyright 2015 Bloomberg. NK8ZVK6JTSEW (Bloomberg View) — The way that a lot of retirement investing advice goes is that you go to your broker and ask him what you should invest in, and he says, “Oh Fund XYZ is great, put all your money in Fund XYZ,” and the reason he
