Advice for Handling Retiring During a Financial Downturn

Market declines during the first five years of retirement can have a significant effect on a financial portfolio, but remaining flexible can mitigate the damage.

#content-type-service, #elderly, #financial-planners, #inflation-economics, #pensions-and-retirement-plans, #personal-finances, #retirement, #stocks-and-bonds, #t-rowe-price-group-inc, #united-states, #united-states-economy

How Republicans Are ‘Weaponizing’ Public Office Against Climate Action

A Times investigation revealed a coordinated effort by state treasurers to use government muscle and public funds to punish companies trying to reduce greenhouse gases.

#american-legislative-exchange-council, #banking-and-financial-institutions, #blackrock-inc, #boycotts, #coal, #conservatism-us-politics, #corporate-social-responsibility, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #heartland-institute, #heritage-foundation, #lobbying-and-lobbyists, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #republican-party, #state-financial-officers-foundation, #states-us, #united-states-economy, #united-states-politics-and-government, #west-virginia

6 Ways You’re Coping With a Roller-Coaster Market

Readers from around the world shared their strategies for protecting their retirement savings and how, or if, they’re adjusting their tactics.

#budgets-and-budgeting, #government-bonds, #pensions-and-retirement-plans, #personal-finances, #retirement, #stocks-and-bonds, #united-states-economy, #vanguard-group-inc

West Virginia Punishes Banks That It Says Don’t Support Coal

The move to exclude the institutions from state business is part of a growing effort by Republican officials to shut out companies that are backing away from fossil fuels.

#banking-and-financial-institutions, #blackrock-inc, #coal, #corporate-social-responsibility, #global-warming, #goldman-sachs-group-inc, #greenhouse-gas-emissions, #jpmorgan-chasecompany, #morgan-stanley, #pensions-and-retirement-plans, #politics-and-government, #republican-party, #us-bancorp, #wells-fargocompany, #west-virginia

When a Woman’s Retirement Account Becomes the Family Emergency Fund

Women break into their savings to cover all kinds of expenses: home down payments, repairs, medical bills. That can hurt them years later.

#401k-403b-and-457-plans, #age-chronological, #content-type-service, #credit-and-debt, #financial-planners, #pensions-and-retirement-plans, #personal-finances, #retirement, #women-and-girls

Climate Risks of Investments Should Be Disclosed

The Securities and Exchange Commission is pushing for more openness by corporations.

#carbon-disclosure-project-cdp, #electric-light-and-power, #global-warming, #greenhouse-gas-emissions, #intergovernmental-panel-on-climate-change, #international-trade-and-world-market, #new-york-city, #pacific-gas-and-electric-co, #pensions-and-retirement-plans, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #weather, #wildfires, #world-economic-forum

When Stocks Become Bear Markets

Steep downturns of stocks by 20 percent or more are relatively rare, but how long they last could portend damage — for you and the economy.

#401k-403b-and-457-plans, #content-type-service, #inflation-economics, #pensions-and-retirement-plans, #stocks-and-bonds, #united-states-economy

How an Organized Republican Effort Punishes Companies for Climate Action

Legislators and their allies are running an aggressive campaign that uses public money and the law to pressure businesses they say are pushing “woke” causes.

#banking-and-financial-institutions, #blackrock-inc, #boycott-divestment-and-sanctions-bds, #colleges-and-universities, #corporate-social-responsibility, #environment, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #law-and-legislation, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #republican-party, #states-us, #united-states-economy, #united-states-politics-and-government

How to Save for Retirement as a Freelancer

There may be years when you have to drum up your own work — and create your own retirement plan.

#401k-403b-and-457-plans, #content-type-service, #freelancing-self-employment-and-independent-contracting, #individual-retirement-accounts, #labor-and-jobs, #pensions-and-retirement-plans, #personal-finances, #retirement

French Candidates’ Economic Programs Hold Key to the Election

Promising tax cuts, higher wages and changes in the retirement age, President Macron and Marine Le Pen vie for undecided voters.

#economic-conditions-and-trends, #elections, #france, #income-inequality, #labor-and-jobs, #le-pen-marine, #macron-emmanuel-1977, #paris-france, #pensions-and-retirement-plans, #voting-and-voters

Tax Troubles for Some Investors in Vanguard’s Target Date Funds 

Retirement investments that are fine in tax-sheltered accounts can generate big headaches without that protection. Vanguard’s target date funds are a case in point.

#asset-allocation-personal-finances, #capital-gains-tax, #content-type-service, #federal-taxes-us, #income-tax, #mutual-funds, #pensions-and-retirement-plans, #stocks-and-bonds, #vanguard-group-inc

Edward C. Johnson III, 91, Dies; Made Fidelity an Investment Giant

Mr. Johnson’s exceptionally long tenure — he presided over Fidelity into his 80s — coincided with a huge expansion of his industry.

#boston-mass, #deaths-obituaries, #fidelity-investments, #johnson-edward-c-iii, #mutual-funds, #pensions-and-retirement-plans, #stocks-and-bonds

Gurkha Veterans Fight a Colonial-Era Legacy Still Shaping Nepal

Nepal’s best and brightest have been recruited while young to fight for Britain for over 200 years, with their pay and pensions a fraction of their fellow British soldiers’ for much of that time.

#defense-and-military-forces, #draft-and-recruitment-military, #foreign-workers, #great-britain, #gurkhas-ethnic-group, #kathmandu-nepal, #labor-and-jobs, #nepal, #pensions-and-retirement-plans, #veterans

David McCormick Faces Scrutiny in Pennsylvania Over Teacher Pension Fund

David McCormick, a Republican Senate candidate in Pennsylvania, came under attack from his chief rival, Dr. Mehmet Oz, over the underperformance of investments for the state’s teachers.

#bridgewater-associates, #elections-senate, #hedge-funds, #mccormick-david-h-1965, #midterm-elections-2022, #oz-mehmet-c, #pennsylvania, #pensions-and-retirement-plans, #primaries-and-caucuses, #republican-party

Aaron Pointer Feels Forgotten as Baseball Gets Back to Business

Aaron Pointer, the last professional to hit .400, is part of a group of retirees that has had to fight for even a minimal pension.

#baseball, #content-type-personal-profile, #major-league-baseball-players-assn, #major-league-baseball, #pensions-and-retirement-plans, #pointer-aaron-1942

How to Transition Into Retirement

Many older Americans like to ease into being an ex-worker — but you need to think carefully about just how to get there.

#age-chronological, #content-type-service, #labor-and-jobs, #longevity, #medicare, #pensions-and-retirement-plans, #personal-finances, #retirement, #social-security-us, #social-security-administration

Stock Investing in Retirement for Those Able to Bear the Risk

Stocks and bonds are core investments. Now, Vanguard is suggesting that retirees willing and able to bear the risk may want a stock target of 50 percent.

#asset-allocation-personal-finances, #content-type-service, #mutual-funds, #pensions-and-retirement-plans, #personal-finances, #stocks-and-bonds, #vanguard-group-inc

Financial Planning for People With Chronic Diseases

Financial planning for people with chronic diseases is complicated and multifaceted. Start by building a team of people to help.

#chronic-condition-health, #content-type-service, #disabilities, #disability-insurance, #drugs-pharmaceuticals, #elderly, #medicaid, #medicare, #national-multiple-sclerosis-society, #pensions-and-retirement-plans, #personal-finances, #retirement

Stocks Are Great for the Very Young — and the Very Old

An economist says that retirees should tilt toward stocks as they age.

#asset-allocation-personal-finances, #economics-theory-and-philosophy, #internal-sub-only-nl, #kotlikoff-laurence-j, #pensions-and-retirement-plans, #savings, #standardpoors-500-stock-index, #stocks-and-bonds

Karen Ferguson, Fighter for Pension Rights, Dies at 80

She started as one of Ralph Nader’s “Nader Raiders” and, after developing an expertise in retirement systems, became a leading advocate for workers’ rights.

#deaths-obituaries, #ferguson-karen, #nader-ralph, #pension-rights-center, #pensions-and-retirement-plans

How to Cope With Medicare’s Rising Costs

A higher Medicare premium in 2022 is just part of the puzzle of health care costs for older Americans. But there are ways to plan.

#aduhelm-drug, #content-type-service, #drugs-pharmaceuticals, #elderly, #finances, #health-insurance-and-managed-care, #inflation-economics, #longevity, #medicare, #pensions-and-retirement-plans, #social-security-us

Pinterest Pledges $50 Million on Reforms to Resolve Discrimination Allegations

Shareholders had accused Pinterest’s board of directors of failing to respond to a pervasive culture of discrimination and retaliation against women and people of color.

#black-people, #boards-of-directors, #brougher-fancoise, #discrimination, #ozoma-ifeoma, #pensions-and-retirement-plans, #pinterest, #race-and-ethnicity, #social-media, #suits-and-litigation-civil, #wages-and-salaries, #women-and-girls, #workplace-environment

Starting a Business With Your 401(k)? Be Careful.

As an aspiring entrepreneur, you may have a good idea, but tread lightly before using retirement savings as capital.

#401k-403b-and-457-plans, #content-type-service, #entrepreneurship, #pensions-and-retirement-plans, #personal-finances, #retirement, #savings, #small-business, #start-ups

John Deere Workers on Strike Reject New Contract Proposal

Workers upset over insufficient wage increases and pension benefits have been on strike since mid-October.

#deerecompany, #employee-fringe-benefits, #labor-and-jobs, #organized-labor, #pensions-and-retirement-plans, #strikes, #united-automobile-workers, #wages-and-salaries

How the Pandemic Has Added to Labor Unrest

While big companies wield considerable power, Covid’s economic disruption has given workers new leverage, contributing to a recent upturn in strikes.

#coronavirus-2019-ncov, #deerecompany, #factories-and-manufacturing, #heaven-hill-distilleries-inc, #international-alliance-of-theatrical-stage-employees, #labor-and-jobs, #organized-labor, #overtime, #pensions-and-retirement-plans, #strikes, #united-automobile-workers, #united-mine-workers-of-america, #united-states-economy, #wages-and-salaries

Union for John Deere Workers Reaches Tentative Deal to End 2-Week Strike

The agreement must still be approved by U.A.W. members. They had rejected an earlier accord negotiated by the union.

#deerecompany, #employee-fringe-benefits, #labor-and-jobs, #organized-labor, #pensions-and-retirement-plans, #strikes, #united-automobile-workers, #wages-and-salaries

Divestment Is Pushing Money Away From Fossil Fuels

The divestment campaign has taken much of the shine off what was once the planet’s dominant industry.

#coal, #colleges-and-universities, #endowments, #ford-foundation, #france, #global-warming, #great-britain, #harvard-university, #ireland, #loyola-university-chicago, #manchin-joe-iii, #natural-gas, #oil-petroleum-and-gasoline, #paris-france, #peabody-coal-co, #pensions-and-retirement-plans, #philanthropy, #princeton-university, #quebec-province-canada, #reed-college, #rockefeller-foundation, #roman-catholic-church, #royal-dutch-shell-plc, #states-us, #stocks-and-bonds, #united-nations-framework-convention-on-climate-change, #united-states

How Black and Hispanic Millennials Are Looking Outside of 401k’s for Investing

Some Black and Hispanic millennials are looking to alternatives like real estate or entrepreneurship, or to trading stock on their own.

#401k-403b-and-457-plans, #banking-and-financial-institutions, #black-people, #discrimination, #hispanic-americans, #income-inequality, #minorities, #pensions-and-retirement-plans, #race-and-ethnicity

Nabisco Workers End Weekslong Strike After Reaching New Contract

The impasse began in August after members of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union objected to changes in shift lengths and overtime rules.

#bakery-confectionery-tobacco-workers-and-grain-millers-international-union, #bonuses, #chicago-ill, #colorado, #georgia, #illinois, #labor-and-jobs, #mondelez-international-inc, #nabisco, #organized-labor, #pensions-and-retirement-plans, #portland-ore, #strikes

When to Collect Social Security: Why You Should Wait

More details on why experts advise to wait to claim benefits and on benefits for divorced spouses.

#age-chronological, #content-type-service, #divorce-separations-and-annulments, #income-tax, #individual-retirement-accounts, #kotlikoff-laurence-j, #labor-and-jobs, #pensions-and-retirement-plans, #personal-finances, #retirement, #social-security-us, #wages-and-salaries, #widows-and-widowers

F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short

The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.

#budgets-and-budgeting, #federal-bureau-of-investigation, #kurds, #pennsylvania, #pensions-and-retirement-plans, #property-taxes, #teachers-and-school-employees, #wages-and-salaries

A Graying China May Have to Put Off Retirement. Workers Aren’t Happy.

Most Chinese workers retire by 60. But with the population aging and pension funds running low, the government says that must change.

#china, #labor-and-jobs, #longevity, #pensions-and-retirement-plans, #retirement

Investing Made Simple for Beginners and Everyone Else

Managing your money for the long run can be easier than you might imagine.

#asset-allocation-personal-finances, #content-type-service, #financial-planners, #mutual-funds, #pensions-and-retirement-plans, #personal-finances, #stocks-and-bonds

Supreme Court Looks for Narrow Path in Investors’ Suit Against Goldman Sachs

Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits.

#banking-and-financial-institutions, #barrett-amy-coney, #breyer-stephen-g, #conflicts-of-interest, #goldman-sachs-group-inc, #goldstein-thomas-c, #pensions-and-retirement-plans, #suits-and-litigation-civil, #supreme-court-us

In a First, Uber Agrees to Classify British Drivers as ‘Workers’

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.

#car-services-and-livery-cabs, #freelancing-self-employment-and-independent-contracting, #great-britain, #labor-and-jobs, #minimum-wage, #pensions-and-retirement-plans, #regulation-and-deregulation-of-industry, #supreme-court-of-the-united-kingdom, #uber-technologies-inc, #wages-and-salaries

In First, Uber Agrees to Classify British Drivers as ‘Workers’

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.

#car-services-and-livery-cabs, #freelancing-self-employment-and-independent-contracting, #great-britain, #labor-and-jobs, #minimum-wage, #pensions-and-retirement-plans, #regulation-and-deregulation-of-industry, #supreme-court-of-the-united-kingdom, #uber-technologies-inc, #wages-and-salaries

Rescue Package Includes $86 Billion Bailout for Failing Pensions

Democrats pushed through a big aid measure for multiemployer pensions whose problems predate the pandemic.

#brown-sherrod, #grassley-charles-e, #law-and-legislation, #organized-labor, #pension-benefit-guaranty-corp, #pensions-and-retirement-plans, #stimulus-economic, #united-states-politics-and-government

Eyeing Re-Election, Macron Walks a Tightrope Above Swirling Crises in France

The French president wants to change Europe, redefine his country and win re-election. But first he needs to overcome the biggest economic and social crisis since World War II.

#coronavirus-2019-ncov, #france, #immigration-and-emigration, #macron-emmanuel-1977, #pensions-and-retirement-plans, #politics-and-government, #yellow-vests-movement

Too Much Choice Is Hurting America

Learning from subprime, health care and electricity.

#conservatism-us-politics, #electric-light-and-power, #health-insurance-and-managed-care, #income-inequality, #pensions-and-retirement-plans, #poverty, #regulation-and-deregulation-of-industry, #subprime-mortgage-crisis, #texas

To Plug a Pension Gap, This City Rented Its Streets. To Itself.

Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under dummy corporations.

#california, #california-public-employees-retirement-system, #government-bonds, #local-government, #municipal-bonds, #pensions-and-retirement-plans, #states-us, #west-covina-calif

The Auto I.R.A. Is Gaining Traction as a Retirement Savings Option

The automatic I.R.A., administered by state governments, will be more widely available.

#asset-allocation-personal-finances, #california, #illinois, #individual-retirement-accounts, #pensions-and-retirement-plans, #retirement, #small-business, #social-security-us, #states-us, #united-states

Female Workers Could Take Another Pandemic Hit: To Their Retirements

Unequal job losses now will translate into smaller nest eggs and Social Security benefits down the road.

#coronavirus-2019-ncov, #defrancesco-soto-victoria-m, #income-inequality, #pensions-and-retirement-plans, #retirement, #social-security-us, #unemployment, #wages-and-salaries, #women-and-girls

New York State’s Divestment Threat Is a Victory for Climate Activists

The comptroller’s threat to pull billions from fossil fuel investments is a big victory for climate activists.

#alternative-and-renewable-energy, #bp-plc, #carbon-dioxide, #coal, #dinapoli-thomas-p, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #natural-gas, #new-york-city, #new-york-state, #office-of-the-comptroller-nys, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #stringer-scott-m, #united-nations-framework-convention-on-climate-change

New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks

The fund will divest from many fossil fuels in the next five years and sell its shares in other companies that contribute to global warming by 2040.

#350-org, #fossil-fuels, #global-warming, #greenhouse-gas-emissions, #new-york-state, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #schwartz-john, #stocks-and-bonds

In Their 20s and Saving for Retirement: How It Started, How It’s Going

Three savers learned some important lessons early on.

#budgets-and-budgeting, #content-type-service, #coronavirus-2019-ncov, #generation-z, #millennial-generation, #pensions-and-retirement-plans, #personal-finances, #retirement, #savings, #stocks-and-bonds, #united-states, #united-states-economy

Trump Bars Investment in Chinese Firms With Military Ties

The ban, which affects companies including Huawei, China Mobile and China Telecom, is the administration’s first major move toward decoupling American financial markets from China.

#aviation-industry-corporation-of-china-avic, #china, #china-mobile-ltd, #china-telecom, #china-telecommunications, #coronavirus-2019-ncov, #defense-and-military-forces, #economic-conditions-and-trends, #executive-orders-and-memorandums, #huawei-technologies-co-ltd, #inspur-group, #international-trade-and-world-market, #pensions-and-retirement-plans, #sinochem, #trump-donald-j, #united-states-defense-and-military-forces, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

For Owners Looking to Sell, an Option That Keeps Their Company Intact

A sale to employees keeps the company local, and that may be more important to some owners than getting the highest price.

#federal-taxes-us, #labor-and-jobs, #labor-department-us, #pensions-and-retirement-plans, #retirement

Marching Orders for the Next Investment Chief of CalPERS: More Private Equity

The nation’s biggest public pension fund is consistently short of the billions of dollars it needs to pay all retirees their pensions. It seeks higher returns.

#california, #california-public-employees-retirement-system, #interest-rates, #meng-ben, #pensions-and-retirement-plans, #private-equity, #states-us, #stocks-and-bonds

Rethinking Retirement

The days and nights and years could be long — if you’re lucky. Here are some tips to make them meaningful, too.

#baby-boomers, #longevity, #pensions-and-retirement-plans, #retirement, #work-life-balance

Plight of the ‘Physical Worker’: Worn-Out Bodies and Little Savings

Americans laboring on farms, in factories and on cleaning crews often have to retire before safety-net programs kick in and without assets in employer plans.

#coronavirus-2019-ncov, #income-inequality, #labor-and-jobs, #pensions-and-retirement-plans, #retirement, #savings, #transamerica-center-for-retirement-studies-transamerica-institute, #workplace-hazards-and-violations