Retirement

Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says. The Oregon Public Employees Retirement Fund prides itself on being open about its investments, publishing monthly reports that provide more timely information than most other state and local
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Amid the pandemic, people thought the labor market had permanently changed in important ways. It was a bad bet. Remember the “she-cession”? What about the early-retirement wave, or America’s army of quiet quitters? For economists and other forecasters, the pandemic and post-pandemic economy has been a lesson in humility. Time and again, predictions about ways
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An estimate puts the average cost over a 20-year retirement at about $157,000. That’s almost double the estimate in 2002. Retirees just got some encouraging news: Coming changes to Medicare rules for prescription drugs may help rein in their health costs. In part because of recently enacted limits on retiree prescription drug costs, the estimated
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Two French business titans, Bernard Arnault of the LVMH empire and Françoise Bettencourt-Meyers of L’Oréal, are named the world’s wealthiest man and woman. PARIS — France, which has been riven lately by angry protests over income inequality, can now claim to have the world’s richest man and woman: Bernard Arnault, the chief executive of the
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Millions of workers open retirement accounts, then ignore or forget about them, leaving thousands of dollars unattended. Are you one of them? Raquel Charles was in her mid-20s when she signed up — begrudgingly — for her first retirement account. Wading through paperwork to start her job at the Administration for Children’s Services in New
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Doing taxes in 2023 feels a lot like it did before the pandemic. Still, there are some meaningful changes to keep in mind. The 2023 tax filing season is probably most notable for what’s missing: After three years of stimulus payments and pandemic tax breaks, nearly all of those extra benefits have faded away —
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Readers were intrigued by my newsletter last Friday, “The Perfect Retirement Investment Nobody Wants.” It was about a concept, never realized, for a hybrid product combining long-term care insurance with an immediate annuity — a stream of monthly payments that begins right away and lasts as long as you live. Some readers said such policies
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Two of your biggest financial risks in retirement involve your health, but they’re almost opposed to each other. One is that you will require expensive long-term care early on. You will probably die young, but not before going broke from nursing home bills. Another is that you will stay healthy enough to live a very
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