Latest Retirement planning News

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...

Editorial Roundup: Pennsylvania

May. 11, 2022 12:51 PM EDT

Lancaster Lancaster Online/LNP. May 8, 2022. Editorial: Pennsylvania’s closed primaries diminish democracy and encourage extremism THE ISSUE When Lancaster County residents cast their ballots in the May 17 primary election, more than 57,000 registered...

Hassan, Collins propose college savings legislation

Apr. 29, 2022 16:17 PM EDT

CONCORD, N.H. (AP) — Families who save for college would get tax cuts plus the option to roll unused savings into a retirement account under a bipartisan bill sponsored by U.S. Sens. Maggie Hassan of New Hampshire and Susan Collins of Maine. The Helping Parents Save for College Act...

Bitcoin in 401(k) becomes reality for more, despite warnings

Apr. 26, 2022 11:08 AM EDT

NEW YORK (AP) — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings...

Pastors sue AME Church over missing retirement funds

Apr. 12, 2022 16:50 PM EDT

ORLANDO, Fla. (AP) — Pastors have filed at least three federal lawsuits in recent weeks against the African Methodist Episcopal Church along with several subsidiaries and financial firms the church used, alleging tens of millions of dollars from a pension fund were mismanaged and missing. ...

France's Macron faces angry voters as he fights for 2nd term

Apr. 12, 2022 16:36 PM EDT

MULHOUSE, France (AP) — Facing a tougher-than expected fight for reelection, French President Emmanuel Macron has hit the campaign trail at last — and it isn't always proving welcoming. But he's not shying away from angry voters, instead engaging in lively, sometimes...