Retirement News

[AP] - The Alabama Legislature is getting closer to make public employees pay more for their retirement benefits. Republicans on the Senate Finance and Taxation-Education Committee pushed through a bill Wednesday that would require all of Alabama's public employees to contribute more for their pensions.

[Bankrate.com] - Only in very specific and highly limited situations should you consider tapping retirement savings early.

[AP] - Illinois should create a second, lower-cost retirement plan for government employees, even if it triggers a legal battle, state Treasurer Dan Rutherford said Tuesday.

Don't leave money behind -- or stint your retirement-saving potential.

Investors have good reason to be worried about the federal deficit but should also be wary of the stock market's rapid rise, David Carroll, senior executive vice president and head of Wells Fargo's wealth, brokerage and retirement division, tells TheStreet.

[AP] - The AFL-CIO and two outside experts Monday disputed what they say are "myths" that Florida's public employee retirement plans are underfunded and provide lavish benefits.

[BusinessWeek] - Now that baby boomers are starting to hit the official retirement age, they face a variety of financial headaches that previous generations avoided

[Bankrate.com] - Don't let your retirement be spoiled by taxes. Know the rules on what benefits are taxable.

Wall Street is cheering the abrupt retirement of Massey Energy Co. Chief Executive Don Blankenship. Shares of Massey outpaced most major coal stocks, rising $1.75, or 3.5 percent to $52.17 in afternoon trading Monday.

The federal government wants investors to have better information about the mutual funds in their retirement plans. Washington has the right idea, but the wrong solution.

The federal government wants investors to have better information about the mutual funds in their retirement plans. Washington has the right idea, but the wrong solution.

A revised plan to tackle the U.S. budget deficit aims to save the country $4 trillion through 2020 by raising the retirement age, hiking gasoline taxes and several other measures.

[AP] - J.P. Morgan Asset Management on Tuesday named Michael Falcon as managing director and head of retirement in the U.S. and Canada.

[AP] - The attorney general says the state Board of Education is violating the law by not making a required contribution this year to the Oklahoma Teachers' Retirement System.

It's better to enjoy an upside surprise than risk a shortfall come retirement.

[Morningstar] - It's better to enjoy an upside surprise than risk a shortfall come retirement.

[AP] - Raising the retirement age for Social Security would disproportionately hurt low-income workers and minorities, and increase disability claims by older people unable to work, government auditors told Congress.

[Bankrate.com] - Is divorced spouse's threat to leave ex with only half his retirement benefits for real?

[Motley Fool] - There's more than one way to build a strong retirement.

[AP] - The U.S. Department of Labor is suing defunct Tennessee homebuilder Corinthian Custom Homes Inc. and its fiduciaries to restore losses suffered by participants and beneficiaries of the company's 401 retirement plan.