Latest Retirement planning News

These employers chip in on your student loans

Nov. 14, 2019 12:11 PM EST

Trilogy Health Services, a Louisville, Kentucky-based operator of senior living facilities, has paid $100 a month toward each eligible worker’s student loans over the past four years. Its total outlay: roughly $3 million. That money has made a big difference for Trilogy’s nurses, therapists and...

Many Rhode Island state pensions exceed 6 figures

Nov. 12, 2019 11:31 AM EST

PROVIDENCE, R.I. (AP) — Some retired state workers in Rhode Island have been collecting pensions that exceed six figures while the state retirement system is underfunded, and cost-of-living adjustments have been frozen. The Providence Journal reports that a cost-cutting overhaul passed in the General...

Medical debt turns Mandan couple's lives upside down

Nov. 9, 2019 1:06 AM EST

MANDAN, N.D. (AP) — Doug Dworshak can't bring himself to discuss what life was like before his heart attack last year, before he and his wife, Carol, started drowning in debt, before they both were forced to quit their jobs. Before the stress, worry, frustration and disbelief came to a climax with the loss...

More employers offer workers help paying off student loans

Oct. 29, 2019 1:49 PM EDT

Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It's a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small but growing number of employers are stepping in to help. About 8% of...

Millennial Money: Vanquish these 5 financial fears

Oct. 22, 2019 10:32 AM EDT

Fear can consume you. The anxiety of the unknown can drive you to pull the blanket over your head, whether you're worried about a rustling sound outside your bedroom window or that you won't have enough retirement savings. Financial fears — not wanting to check your credit, confront your debt or even...

Co-teachers instruct students on personal finance

Oct. 21, 2019 1:06 AM EDT

BISMARCK, N.D. (AP) — It's a Wednesday afternoon in the B-wing at Bismarck's Legacy High School, and the 17- and 18-year-old seniors are learning about car loans. "The difference in buying a $40,000 vehicle on a 4-year and an 84-month (7-year) loan is about three to four thousand dollars in interest,"...

Court: AG must rewrite 'misleading' pension ballot measure

Oct. 11, 2019 7:53 PM EDT

PORTLAND, Ore. (AP) — Attorney General Ellen Rosenblum must redraft the misleading title and explanation that her agency wrote for a proposed ballot measure that seeks to prohibit government employers from taking on any new pension debt, the Oregon Supreme Court ordered this week. The Justice Department is...

Labor pick will seek ethics advice on brokers conflict rule

Sep. 19, 2019 5:10 PM EDT

WASHINGTON (AP) — President Donald Trump's pick for Labor secretary sought to quell concerns among Democrats that he's too close to the corporate world, telling lawmakers Thursday that if confirmed he'll ask ethics officials if he can participate in the crafting of a conflict of interest rule for...