Latest Retirement planning News

Machinists at 3 Boeing defense plants ratify new contract

Aug. 03, 2022 20:13 PM EDT

ST. LOUIS (AP) — Nearly 2,500 workers at three Boeing defense plants in the Midwest voted Wednesday to ratify a contract that their union said will raise pay by an average of 14% over three years and add inflation adjustments. The vote by members of the International Association of...

Millennial Money: Can job-hopping help retirement savings?

Jul. 26, 2022 10:49 AM EDT

Millennials have been coined the “job-hopping generation,” and I’ve contributed to that stereotype. I started my career at 22 and have job-hopped almost every year since. For many of those years, I was young and restless, and there was another part of me looking for more fulfilling work and...

Savings incentives: How 401(k)s get us to do the right thing

Jun. 09, 2022 10:10 AM EDT

NEW YORK (AP) — More workers are following experts' advice in saving for retirement, even when finances feel precarious. It’s happening because 401(k) plans are using a simple human trait to guide us: our inclination to do nothing. More workers are putting more money into their...

Savings incentives: How 401(k)s get us to do the right thing

Jun. 07, 2022 10:04 AM EDT

NEW YORK (AP) — More workers are following experts' advice in saving for retirement, even when finances feel precarious. It’s happening because 401(k) plans are using a simple human trait to guide us: our inclination to do nothing. More workers are putting more money into their...

Stock market slump unsettling Americans eying retirement

May. 24, 2022 07:13 AM EDT

Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working. A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s. The S&P 500, the...

Indiana man gets 7 years for scheme that bilked investors

May. 21, 2022 16:22 PM EDT

INDIANAPOLIS (AP) — A central Indiana man has been sentenced to seven years in federal prison for a Ponzi-like scheme that bilked more than two dozen investors out of their retirement savings. A federal judge also ordered George R. McKown, 71, on Friday to pay more than $5.2...

Millennial Money: Learn your parents’ financial plans ASAP

May. 17, 2022 08:35 AM EDT

My mom died at age 61, when I was 31. Seeing her headstone in a field of others smacked me with a brutal, if obvious fact: Everyone, including everyone’s parents, will die. I promise I’m not trying to depress you. I want to prepare you, as this loss can happen sooner than you’d...