Women tend to live longer than men, so they need as much retirement income as possible. Whether you’re 30 or 60, here’s what you need to know. As a single woman with no children, Karen Callahan is putting together the financial pieces that will protect her for a potentially long life on her own. A
Retirement
Cryptocurrencies haven’t quite delivered on their revolutionary promises. But they are messing with the stock market. This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. Cryptocurrencies have been around for 12 years now, and for much of that time, they were a fairly easy
Learning from subprime, health care and electricity. Dan Patrick, the lieutenant governor of Texas, is clearly what my father would have called a piece of work. Early in the pandemic he made headlines by saying that older Americans should be willing to risk death so that younger people could “get back to work.” More recently,
Here’s a guide to avoiding unnecessary taxes on withdrawals made last year. Retirement savers need to pay close attention to their income tax filings this year because of pandemic-related changes to rules for required withdrawals. Even in normal times, the rules for mandatory minimum withdrawals can be confusing, and are even more so this year
The Biden administration will not enforce two Trump-era rules involving retirement plans, including one that effectively discouraged administrators for those plans from choosing investments based on environmental, social and governance considerations, the Labor Department said on Wednesday. The second rule required retirement plan administrators — who serve as fiduciaries and must act solely in the
Millions have left the labor force in the last year, many home with children or health concerns. The statistics may not reflect their aspirations. Robert Hesse was expecting an imminent promotion to manager of Sub Zero Ice Cream, a nitrogen ice cream shop in Ventura, Calif., when it shut down in March because of the
The new legal classification, which follows a U.K. court ruling last month, will entitle the workers to more pay and benefits, but stops short of making them employees. LONDON — For years, Uber has successfully deployed armies of lawyers and lobbyists around the world to fight attempts to reclassify drivers as company workers entitled to
Even if your finances weren’t devastated by the pandemic recession, many Americans have not yet started saving. Here’s what you can do. For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their
For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their savings. The pandemic stymied adults who hadn’t started saving for retirement, the number of workers taking withdrawals from their 401(k)s last year
The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation. The search for high returns takes many pension funds far and wide, but the Pennsylvania teachers’ fund went farther than most. It invested in trailer park chains, pistachio farms, pay phone systems
Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits. WASHINGTON — A frustrated Supreme Court heard arguments on Monday in a securities fraud class-action case against Goldman Sachs, with several justices indicating puzzlement about what they were meant to do in light of
And homes on courses are the place to be now, not something you save for vacation or retirement. For the first 15 years of his career developing real estate focused around golf courses, Mike Meldman had never really played. “I didn’t golf at all. The golf was an amenity to sell the real estate,” he
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