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GE's $31 billion pension nightmare

John Flannery, the man hired to fix General Electric, inherited a $31 billion ticking time bomb when he replaced longtime CEO Jeff Immelt last year.<p>Like other companies, GE (GE) has accumulated a significantly underfunded pension. But like most things lately at GE, its pension shortfall is much …

Jeff Immelt

The looming pension crisis will hurt many African-Americans

Democrat Doug Jones won a narrow victory over Roy Moore in Alabama's special Senate election, with write-in candidates pulling votes away from the …

Charles Barkley

The pensions struggle

THE world economy and most asset markets are buoyant. But for future generations of retirees, their strong performance is of scant comfort. The …

Economics

How Long Will Your Money Last in Retirement?

Below you’ll find resources that dig deep into the numbers to determine how, when and why certain strategies for generating retirement income work, …

Retirement Planning

What Can I Do to Increase My Social Security Benefits?

One tip could increase the average Social Security income by as much as $9,000.<p>The average Social Security benefit for all workers in 2018 is just …

Social Security

'It's the Grandparents Stealing From the Grandchildren'

There’s a fiction at the heart of the debate over entitlements: The carefully cultivated impression that beneficiaries are simply receiving back their “own” money.<p>One day in 1984, Kurt Vonnegut called.<p>I was ditching my law school classes to work on the presidential campaign of Walter Mondale, the …

Kurt Vonnegut

California should be able to reduce public employees’ pension benefits, Jerry Brown argues

Gov. Jerry Brown got most of what he wanted when he carried a proposal to shore up the state’s underfunded public employee pension plans by trimming …

Flailing multiemployer pension plans need ‘tens of billions’ in cash

Bailing out the more than 100 multiemployer pension plans headed for insolvency would require massive infusions of taxpayer dollars, according to …

Pensions

What’s the largest Social Security retirement check someone can get?

I’m still surprised when I speak to people how few of them have looked at their personal Social Security statement lately.<p>In fact, a lot of people think the statements are still mailed. They are not anymore unless you’re 60 or older and you aren’t receiving Social Security benefits and haven’t set …

Social Security

Pa.'s top pension earners take home hundreds of thousands a year

Three years after retiring as president of Pennsylvania State University, Rodney Erickson is netting $477,590 a year — from a state pension.<p>Gary …

Temescal Valley, Corona linked in ▶ triology.tv

<b>Corona City labor dispute</b><p><b>A major recall effort in the City of Corona linked to our location in the Temescal Valley 92883 roils the body politic at</b> …

GifTV▶ Altacities ▶Triology.tv ▶ Pension Crisis.pdf

reader in. social. ®. As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and …

Americans Aren't Loving Retirement Like They Used to -- Here's Why

Retirement satisfaction isn't what it used to be, and the reasons may surprise you.<p>Retirement is a time to shake off years of employment and enjoy …

Retirement

Forget the 4% Retirement Rule -- Here's a Smarter Way to Manage Your Nest Egg

Improve on this rule of thumb to get better results.<p>Whenever you're striving toward a financial goal, it's helpful to have a number in mind. That's …

Retirement Planning

Americans' Average Social Security at Age 62, 66, and 70

<i>"My favorite things in life don't cost any money. It's really clear that the most precious resource we all have is time</i>."<br>-- Steve Jobs<p>Steve Jobs was quite right that money can't buy you everything -- including some of life's most important things. But money <i>is</i> still rather important, and if your …

Social Security

Payroll Taxes Need to Increase This Much to Fix Social Security

The longer Congress waits to act, the bigger the actuarial deficit grows.<p>Social Security is an absolute monolith of a program. Last year, the program …

Social Security

Teachers: Here’s how to ace retirement without Social Security

When it comes to saving for retirement, many teachers can’t use the standard lesson plan.<p>What’s different for them? Social Security coverage, or the lack thereof. About 40% of public school teachers aren’t covered by the Social Security system, according to the National Association of State …

Retirement

3 Awful Reasons to Take Social Security at 70

The first two are simple arithmetic. The third is much deeper.<p>It doesn't take a rocket scientist to figure out why someone would wait until 70 -- the …

Social Security

How Much Will I Get From Social Security if I Make $100,000?

If you have a six-figure salary, what Social Security retirement benefit should you expect?<p>Social Security benefits are or will be a major part of …

Social Security

10 stats that show why Social Security is broken

Current and future retirees could be in for a rude awakening.<p>Put plainly, Social Security is the most important social program for seniors in this country.<p>Without the guaranteed monthly income Social Security provides, poverty levels among seniors would spike from 8.8% to more than 40%, according …

Social Security

3 Social Security Questions You Need to Be Able to Answer

You might be surprised at what you don't yet know about Social Security.<p>Most Americans will collect Social Security benefits at some point in their …

Social Security

UC is handing out generous pensions, and students are paying the price with higher tuition

As parents and students start writing checks for the first in-state tuition hike in seven years at the University of California, they hope the extra money will buy a better education.<p>But a big chunk of that new money — perhaps tens of millions of dollars — will go to pay for the faculty’s …

Retirement

2 Huge Things People Get Wrong About Retirement

More than a quarter say working life was better.<p>So much for the “golden years.”<p>Some 28% of recent retirees complain that life is actually worse in …

Retirement

Here's how much you should have saved at every age

Saving money is easier said than done.<p>But there's no way around it: To set yourself up for a secure financial future, you have to have money in the bank.<p>For most people, having a little cash leftover each month is doable. After taxes and expenses, the average American manages to put away 3.5% of …

Where Should You Retire? These 5 Factors Will Help You Decide

Your choice of retirement location will affect how big a nest egg you need, your health, and even your legacy, so choose thoughtfully.<p>Whether you're …

Retirement

How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor

Shared via Kindle. Description: "How to Retire Happy, Wild, and Free" is not only a book about retirement — it's an inspirational guide on how to …

Unstable insurance marketplaces can impact retirement

The existence of the Affordable Care Act isn't just about health care -- it could determine when -- or whether -- people retire.

Affordable Care Act

The Part of Retirement No One Plans For

Everyone (hopefully) plans for retirement. But there's one part most people don't even think about.<p>Take a moment and picture your retirement. You're …

Retirement

Tax reform could change the way you save for retirement

The fight over tax reform is starting to get personal.<p>So far, much of the debate in Washington has centered on overhauling the corporate tax code. …

Retirement