Stories Tagged as
Pension
New Proposed Rules for Retirement Investments
Apr 15, 2015
Federal regulators are proposing new rules to protect retirement savings. As part of Obama’s stated plan to bolster the middle class, the Labor Department proposed changes to the Employee Retirement Income Security Act. The rules are designed to protect retirees from investment brokers who put their own financial interests above their clients and eliminate conflicts […]
State pension checkup: Better, still not great
Mar 25, 2015
The economic recovery means smaller liabilities for public pension funds.
GM's pension buyout sets corporate example
Jun 6, 2012
General Motors' move to cut pensions costs is likely to copied by other companies struggling with underfunded plans for retirees.
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San Jose pension vote could set precedent
Jun 5, 2012
Voters in the California city today are considering slashing public employee pensions in a ballot initiative that could set a precedent for other cities.
To annuitize or not to annuitize -- with apologies to Shakespeare
Mar 29, 2012
I am ready to convert my 401(k) into an IRA. I am 61 years old and want to start taking annual distributions. The current balance in the 401(k) is $562,000 and I would like to withdraw 4 percent annually. Fidelity Investments is recommending a Guaranteed Annuity of $400,000 and the remaining in a managed portfolio fund (balanced). The annual fee for annuity is 1.90 percent of the balance and the managed portfolio 1 percent. These are the only fees. There is a 2 percent penalty if withdrawn within the first 5 years. Is this a good option, or should I keep the money in moderate conservative index funds? Emma, Las Cruces, NM