With traditional pensions disappearing, securing reliable low-cost lifetime income for retirees has emerged as a top issue among financial planners and policymakers. Finally, a solution is in sight. The federal government has issued new regulations designed to encourage two important changes:
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Bowing to pressure from an online petition, lending giant Sallie Mae offered to change its fee policy for borrowers who have delayed payments on their student loans. Borrowers who enter into forbearance will now have the …
As if we needed another reminder that our safety net is threadbare, AMR Corp., the American Airlines parent company, says it will shut down pensions covering 130,000 employees and retirees as part of a reorganization in …
Financial education advocates point to three primary places to reach those who need help with their money: in schools, the point of sale, and at work. A debate rages over the first two. But efforts to educate employees at the …
A group of students at the University of California has an unexpected proposal for how to combat the skyrocketing cost of tuition: don’t pay anything — until after graduation.
Following the Great Recession many young people have become not merely respectful of debt, as we would wish; but fearful of it, which could set them back.
Americans will miss out on millions of refund dollars this tax season, as they do every year, simply because they fail to claim the Earned Income Tax Credit. This credit has been around since 1975, when it was installed to help families of low and moderate wage earners offset the burden of Social Security taxes. Over the years, it has …
Low-income drivers are routinely charged higher auto insurance premiums than well-heeled car owners. But why should the poor pay a premium when it comes to premiums? Is the system inherently unfair? Or are there valid reasons why …
In his State of the Union address on Tuesday night, President Obama “put colleges and universities on notice.” Find a way to stop tuition from going up, he told them, or risk losing federal aid money. Following up on that …
A new study shows that when many drivers are shopping for cars, they don’t winnow their searches by researching vehicle quality and reliability reports. Instead, they often make their decisions based on preconceived notions and …
What do you spend on groceries every week? How often do you go out to eat? What about booze? All that money on sustenance is probably adding up to more than you think.
If it wasn’t clear already, it is now: securing decent retirement income in a low-yield environment is going to be a problem for a long time. Seniors who have been eking by through temporary measures like drawing down an …
