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

America’s Retirement Race Gap, and Ideas for Closing It

Scholars and policymakers have proposed ways to fix the inequities between whites and people of color, including changes to Social Security and building wealth from birth.

#baby-bonds, #black-people, #center-for-retirement-research-at-boston-college, #discrimination, #hamilton-darrick, #hispanic-americans, #income-inequality, #kijakazi-kilolo, #labor-and-jobs, #longevity, #pensions-and-retirement-plans, #retirement, #social-security-us, #stocks-and-bonds

State and Local Budget Pain Looms Over Economy’s Future

Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package.

#budgets-and-budgeting, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #labor-and-jobs, #pensions-and-retirement-plans, #states-us, #taxation, #unemployment-insurance, #united-states-economy

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.

#argentina, #blackrock-inc, #business-roundtable, #coronavirus-2019-ncov, #corporate-social-responsibility, #economic-conditions-and-trends, #fernandez-alberto-1959, #fink-laurence-d, #georgieva-kristalina-ivanova, #government-bonds, #gramercy-funds-management-llc, #international-monetary-fund, #macri-mauricio, #pensions-and-retirement-plans, #poverty, #stiglitz-joseph-e

Chatham Hedge Fund Has the Winning Bid for McClatchy Newspapers

The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.

#alden-global-capital, #american-media-inc, #apollo-global-management, #bankruptcies, #chatham-asset-management, #forman-craig-1961, #fortress-investment-group-l-l-c, #hedge-funds, #knight-ridder, #mcclatchy-company, #mcclatchy-kevin-s, #melchiorre-anthony-hedge-fund-manager, #mergers-acquisitions-and-divestitures, #newspapers, #pensions-and-retirement-plans

At a Time of Financial Stress, 401(k) Fees Matter More Than Ever

These expenses always eat away at savings balances, but as the pandemic drags on, savers should be especially aware of how to keep them down.

#401k-403b-and-457-plans, #calculators, #content-type-service, #mutual-funds, #pensions-and-retirement-plans, #personal-finances, #prices-fares-fees-and-rates, #retirement, #stocks-and-bonds

White House Warns Against Chinese Investment, Citing Risk of Further Sanctions

Economic and security officials warned a federal fund against putting retirement savings in China at “a time of mounting uncertainty” for the relationship.

#china, #coronavirus-2019-ncov, #defense-and-military-forces, #foreign-investments, #pensions-and-retirement-plans, #railroads, #united-states, #united-states-international-relations

Ex-Officer Accused of Murdering Floyd Could Get $50,000 Annual Pension

A conviction would not stop Derek Chauvin from receiving his state pension. But George Floyd’s family could potentially seize the funds by winning a lawsuit.

#chauvin-derek-1976, #floyd-george-d-2020, #government-employees, #pensions-and-retirement-plans, #police-brutality-misconduct-and-shootings, #police-department-minneapolis-minn

You Now Get Almost Nothing for Your Money, but It Could Be Worse

In this crisis, money is priceless, yet banks and money market funds will pay you close to zero in interest for years. That’s if everything turns out well.

#asset-allocation-personal-finances, #banking-and-financial-institutions, #blackrock-inc, #crane-peter-g, #credit-and-debt, #federal-deposit-insurance-corp, #federal-reserve-system, #fidelity-investments, #finances, #interest-rates, #money-market-accounts, #mutual-funds, #nonprofit-organizations, #pensions-and-retirement-plans, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #subprime-mortgage-crisis, #t-rowe-price-group-inc, #vanguard-group-inc

Social Security Is Worth More Than You Think, but Needs Your Help

Low interest rates have made Social Security more valuable. But the coronavirus crisis is likely to make its long-term shortfall worse.

#annuities, #coronavirus-2019-ncov, #interest-rates, #pensions-and-retirement-plans, #recession-and-depression, #retirement, #social-security-us, #united-states-economy

Federal Retirement Fund Halts Planned China Investment Under Pressure

The change in plans for the $600 billion Thrift Savings Plan for federal workers comes as the Trump administration ramps up criticism of China.

#asset-allocation-personal-finances, #china, #pensions-and-retirement-plans, #stocks-and-bonds, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

401(k) Rollover F.A.Q.: What You Need to Know

Many newly unemployed Americans may have to dip into retirement funds to cover expenses. Even if you don’t, you have some decisions to make.

#401k-403b-and-457-plans, #coronavirus-2019-ncov, #income-inequality, #individual-retirement-accounts, #pensions-and-retirement-plans, #personal-finances, #retirement, #savings, #small-business, #unemployment, #united-states-economy

My Retirement Plan Is You

Americans without retirement savings are increasingly moving in with their millennial children.

#age-chronological, #baby-boomers, #center-for-retirement-research-at-boston-college, #danigelis-rebecca, #elderly, #families-and-family-life, #millennial-generation, #pensions-and-retirement-plans, #personal-finances, #pew-research-center, #regis-sian-pierre, #retirement, #united-states

Some Trump Officials Take Harder Actions on China During Pandemic

Since the coronavirus spread from a metropolis on the Yangtze River across the globe, hard-liners in both Washington and Beijing have accelerated efforts to decouple elements of the relationship.

#5g-wireless-communications, #china-telecom, #coronavirus-2019-ncov, #federal-communications-commission, #huawei-technologies-co-ltd, #international-trade-and-world-market, #justice-department, #kudlow-lawrence-a, #kushner-jared, #mnuchin-steven-t, #navarro-peter, #pensions-and-retirement-plans, #pillsbury-michael-1945, #pompeo-mike, #pottinger-matthew, #state-department, #trump-donald-j, #united-states-international-relations, #xi-jinping

Chinese Coffee Chain’s Scandal Renews U.S. Calls for Oversight

The implosion of a Chinese competitor to Starbucks has bolstered the cause of American politicians aiming to stop opaque Chinese companies from raising money in the U.S.

#accounting-and-accountants, #china, #coffeehouses, #communist-party-of-china, #company-reports, #frauds-and-swindling, #international-trade-and-world-market, #law-and-legislation, #luckin-coffee, #nasdaq-stock-market, #pensions-and-retirement-plans, #rubio-marco, #securities-and-commodities-violations, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government, #venture-capital

McConnell Says States Should Consider Bankruptcy, Rebuffing Calls for Aid

The majority leader’s comments drew a strong rebuke from Gov. Andrew M. Cuomo.

#coronavirus-2019-ncov, #cuomo-andrew-m, #federal-aid-us, #mcconnell-mitch, #pensions-and-retirement-plans, #senate, #states-us, #united-states-politics-and-government

Illinois Seeks a Bailout From Congress for Pensions and Cities

The president of the State Senate asked for $40 billion to help the pension system, fund unemployment insurance and aid hospitals and cities.

#budgets-and-budgeting, #coronavirus-2019-ncov, #illinois, #pensions-and-retirement-plans, #politics-and-government, #state-legislatures

What to Know About Taking Social Security in the Pandemic

Suddenly unemployed older workers who had hoped to delay filing have options that can boost their lifetime benefits.

#age-chronological, #coronavirus-2019-ncov, #elderly, #income, #layoffs-and-job-reductions, #pensions-and-retirement-plans, #retirement, #social-security-us