Pensions
San Francisco Examiner, March 15th, 2010While healthcare reform is going to be a major issue in elections this
year, there is another issue that may be just as powerful if not more
so-particularly at the local level. The healthcare debate will impact
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The New York Times, February 17th, 2010Eight states have been given failing scores for their pension
management under a new grading system developed by the Pew Center on
the States, which also found a $1 trillion gap between what all 50
states have
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Yahoo News, February 18th, 2010States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating
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SF Gate - January 17, 2010The public is getting a disheartening look at a once-mighty
Sacramento success story. California's public-employee pension fund - the
nation's biggest and most progressive - has lost billions in investment money,
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Yahoo Finance - January 5, 2010If you have several different retirement accounts, such as a 401(k) at work and individual plans on your own, keeping up with the Internal Revenue Service rules on each is a challenge, especially if you are 50 or older and
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CNN - January 8, 2010 Question: I'm 57 and I think there's a good chance I'll
be laid off this year. If that happens, I'll have to move my 401(k) balance to
an IRA. On the recommendation of a finance professional, many of my former
co-workers have
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Reuters, August 7th, 2009When Illinois was
facing at least $55 billion in unfunded pension liabilities
back in March, Governor Pat Quinn outlined what he called "bold
reform" for the state's retirement system.
In a move now being replicated
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MSN Money, July 16th, 2009West Virginia may not have much company if it pursues ending health
care subsidies for future public employees once they retire, a new
survey suggests.Just five states offer no subsidies to help
their retirees afford
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The New York Times, May 20th, 2009The deficit at the federal agency that guarantees pensions for 44
million Americans tripled in the last six months to a record high,
reaching $33.5 billion, largely as a result of surging bankruptcies
among companies
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DM News - May 7th, 2009In a letter to a key House subcommittee chairman, US Postmaster
General John Potter again pressed his case for Congressional action on
proposed legislation that would reduce the agency's out-of-pocket costs
for retiree health
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The New York Times - April 1, 2009
RETIREMENT accounts remain among many people’s most valuable assets, even at today’s depressed values. That means you need to protect them from creditors, a category that can include former spouses or people who have
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The Salt Lake Tribune - March 20, 2009
Here are three basic tax planning tips to keep in mind concerning retirement:
Withdrawals from 401(k)s are taxable income » They are taxed at your regular income tax rate once you retire. That can work out well
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US News & World Report - March 13, 2009
In October 2008, the Congressional Budget Office reported that stock market turmoil wiped out roughly $2 trillion of Americans' retirement savings over just 15 months. Since then, the stock market has continued
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Center for Retirement Research at Boston College - March 3, 2009
Introduction
The maturation of the 401(k) system and the enactment of the Pension Protection Act of 2006, which made 401(k) plans easier and more automatic, were expected to enhance the
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Bloomberg - March 3, 2009
The Chicago Transit Authority retirement plan had a $1.5 billion hole in its stash of assets in 2007. At the height of a four-year bull market, it didn’t have enough cash on hand to pay its retirees through 2013, meaning it
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