Retirement News

Urban Outfitters Inc. is the high-profile local company that shareholder activists are targeting once again over a lack of diversity on its board of directors.

Typical Generation Xers now in their late 30s to late 40s saw their net worth drop by a larger proportion than older Americans during the financial crisis and came out of it less prepared for retirement than the post-World War II boomer generation, according to a new study.

According to Financial Finesse's study, Trends in Employee Financial Issues , more and more "employees accept that they can cannot rely on employers to fund their retirement and health care, and instead are taking control of finances themselves." Clearly, Americans are worried about their financial futures, especially at a time when, by some ... (more)

Organizers of an annual conference for people who manage more than $3 trillion in public sector pension funds in the U.S. and Canada say a significant number of administrators are skipping this year's meeting in Hawaii to avoid the perception they're wasting money by heading to the island paradise.

WHEN IT COMES to how much money we all need to retire comfortably, it gives us a headache.

Philadelphia Gas Works Retirement Reserve rehired Eagle Asset Management to run about $13 million in active domestic small-cap growth equities, confirmed Charles Jones, executive director of the Philadelphia Sinking Fund Commission, which manages the $441 million pension fund.

Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.

Q. I am looking to open a trust fund for an 8-month-old baby boy. I would like him to have something when he gets old enough to retire, but I'm not sure where to start.

Data from the Office for National Statistics shows that the amount of money a man of 65 needs to obtain a retirement income of A 5,000 per year has increased by a whopping 29% in the last three years.

Few American business leaders are as connected to the concepts of saving and long-term investing as John C. Bogle, founder of the Vanguard Group.

In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures -- like tapping their retirement accounts -- to fund the deals.

After holding the line in the face of declining revenue in recent years, the Gwinnett County Board of Education anticipates having to raise the tax millage rate to fund the FY2014 budget.

After years of increasing health care costs, the outlook is improving for seniors worried about paying their medical bills during retirement.

Americans may be living longer, but our retirement plans aren't keeping up. Which means people are living longer with smaller bank accounts.

Wittler, a resident of West Caldwell, will provide support to clients who are self-directing their retirement plans in addition to administrative duties.

Women live longer, make less money, and take care of loved ones more often than men.

The Situation: Malcolm, 49, and Jessie, 47, have some big educational expenses ahead of them.

Like all successful financial scams, 'pension liberation' schemes seem attractive, giving you access to retirement funds before 55, the usual age at which they can be turned into income for life.

During a Board of Education meeting this morning, Asheville City Schools Superintendent Allen Johnson announced his retirement following the end of this school year.

Thank goodness for President Barack Obama, for without his wisdom and foresight none of us would know how to live our lives, and in particular, how much money we need to save for our own retirement.