Latest Financial 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...

Touched by Uvalde, Bo Jackson donated to pay for funerals

Jul. 21, 2022 18:11 PM EDT

AUSTIN, Texas (AP) — Former sports superstar Bo Jackson helped pay for the funerals of the 19 children and two teachers killed in the Uvalde school massacre in May, revealing himself as one of the previously anonymous donors who covered costs for families after one of the deadliest classroom...

Bodies of migrants who died in Texas trailer come to Mexico

Jul. 14, 2022 18:41 PM EDT

SAN MARCOS ATEXQUILAPAN, Mexico (AP) — After days of preparation and donations to cover funeral costs, this mountain community in eastern Mexico on Thursday mourned the return of three teens, all cousins, lost among the 53 migrants who died inside a semitrailer in San Antonio, Texas. ...

New York fund apologizes for role in Tuskegee syphilis study

Jun. 11, 2022 12:55 PM EDT

BIRMINGHAM, Ala. (AP) — For almost 40 years starting in the 1930s, as government researchers purposely let hundreds of Black men die of syphilis in Alabama so they could study the disease, a foundation in New York covered funeral expenses for the deceased. The payments were vital to survivors of...

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...

Millennial Money: How to tell when money advice is bad

May. 24, 2022 09:43 AM EDT

There are a lot of people out there who want to tell you what to do with your money. The problem is only some of them know what they’re talking about. Whether it’s a friend with a hot investment tip, a relative spouting off outdated directives about the way it “should” be...

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...