Pensions and Retirement Plans
Millennials Want to Retire at 50. How to Afford It Is Another Matter.
“You don’t want to have all of your savings in pretax retirement accounts that can be costly to use before age 59.5,” he said. Mr. Northrup will sometimes recommend that his millennial clients reduce their retirement savings to have more cash available for shorter-term goals like buying a house, taking a trip or paying down […]
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Advice for Handling Retiring During a Financial Downturn
Most Americans finance their retirement with a certain amount of faith: Investing will help their savings keep pace with inflation, institutions will continue to work as they always have, it will all work out in the end. It’s challenging to maintain that optimism in moments like these, when it seems just about everything is at […]
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When Stocks Become Bear Markets
The S&P 500 on Monday dropped into its second bear market of the pandemic, crossing a symbolic and worrisome threshold as stocks plunge following a meteoric rise over the last two years. Bear markets — when stocks decline at least 20 percent from their recent peaks — are relatively rare, and they frequently precede a […]
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How to Save for Retirement as a Freelancer
Savings and investment vehicles Once you have a system or plan for saving for retirement, you’ll need to set up one or more retirement accounts where your money can live and grow. These are the four primary retirement savings options for freelancers, according to Atiya Brown, a certified public accountant and president of the Savvy […]
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New York City pension funds sue Activision over financial records.
Five New York City employee pension groups that own stock in Activision Blizzard, the embattled video game maker, are suing Activision, saying that the company failed to turn over financial records as the groups try to investigate whether Activision secured a fair price in its planned sale to Microsoft. The lawsuit, filed in Delaware state […]
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Financial Planning for People With Chronic Diseases
Before she became eligible for Medicare, Deborah Rosenwinkel, who lives in Wheaton, Ill., and has rheumatoid arthritis, used a manufacturer’s discount card for Enbrel, a biologic she injected at home once a week. The $12,000 card covered her deductible and co-payments, while her individual insurance policy picked up the balance, of up to $80,000 a […]
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Baltimore Prosecutor Charged With Perjury and Filing False Loan Applications
Marilyn Mosby, Baltimore’s top prosecutor, was indicted Thursday on charges that she perjured herself to obtain money from a retirement fund and made false statements on loan applications to buy two vacation homes in Florida. The charges against Ms. Mosby, 41, who was first elected state’s attorney in 2014 and drew national attention the following […]
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Sharing Hard-Won Money Lessons to Build Generational Wealth
Julien and Kiersten Saunders, creators of the blog Rich & Regular, go so far as to call “retirement” the “R word.” Gaining that independence is crucial now, they say, not just after 65. And they encourage their audience, which they reach on YouTube, Instagram, Facebook and Twitter, to look at out-of-the-box ways of doing so. […]
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Pinterest Pledges $50 Million on Reforms to Resolve Discrimination Allegations
Pinterest pledged $50 million to overhaul its corporate culture and promote diversity as part of an agreement to resolve allegations that it discriminated against women and people of color, according to court documents and statements from the plaintiffs and the company. The settlement was announced on Wednesday by Seth Magaziner, the general treasurer of Rhode […]
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