CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) Unlike his friends who are living at home three years after college graduation, John Kelly has paid off his student loan balance of $60,000 and is thriving as a... More »
NEW YORK (Reuters) – Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to flatten the yield curve further. The funding gap, between what corporations owe in pension plan obligations and th... More »
(This version of the April 21 story corrects headline to June from November) By Rich McKay (Reuters) – Mitt Romney’s restart of his political career hit a roadblock Saturday. The 2012 Republican presidential candidate and former Massachusetts governor failed t... More »
CHICAGO (Reuters) – The long-running fight to protect retirement savers from conflicted investing advice shifted to a new battleground this week, and the first salvo was not promising. After years of foot-dragging, the U.S. Securities and Exchange Commission (... More »
NEW YORK (Reuters) – Women have a math problem when it comes to retirement: On average, they retire two years earlier than men but they live five years longer. The obvious solution is to make sure women save enough money to cover the longer spread and to work ... More »
LONDON (Reuters) – Gatemore Capital Management has built a stake in Wincanton and called on the British logistics company to break itself up by selling one of its two divisions, according to a letter sent by Gatemore to its own investors. The asset management ... More »
CHICAGO (Reuters) – Do you live in a fiduciary state? The question could become important if the financial services industry wins its high-stakes legal and political battles to dismantle the federal fiduciary rule governing advice to retirement investors. The ... More »
NEW YORK (Reuters) – Every actor dreams of extreme success, but there is also a downside: That you will forever be known as the character you played. That is the challenge facing Michael Imperioli, who to every fan of famed HBO series “The Sopranos,” is Christ... More »
NEW YORK (Reuters) – A cute Maltipoo puppy could never harm anyone, right? But looks can be deceiving. Dogs of any size or breed could inflict serious damage, leading to large insurance claims. Over the past 14 years, canine-related injuries – from bites to ac... More »
(Reuters) – Hawaii would become the seventh U.S. state to legalize physician-assisted suicide for terminally ill patients under legislation passed by the state Senate on Thursday and sent to the governor. The bill would allow terminally ill individuals to obta... More »
FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Mexico’s state workers’ pension fund plowed more than $20 million into ICA (ICA.MX) and became the largest shareholde... More »
U.S. President Donald Trump responds to a reporter’s question about North Korea as he departs the White House, Washington, DC, U.S., for a day trip to suburban Pittsburgh, Pennsylvania, for a Make America Great Again rally supporting Republican candidate Rick ... More »
(Reuters) – Regeneron Pharmaceuticals Inc and Sanofi SA said on Saturday they would be willing to charge less for their potent cholesterol drug, Praluent, if insurers agree to lessen onerous access barriers for high-risk patients. Since the approvals in 2015 o... More »
NEW YORK (Reuters) – Massachusetts Secretary of the Commonwealth William Galvin said Thursday his office is investigating possible customer abuses by employees of Wells Fargo & Co’s brokerage division. Galvin’s investigation comes a week after Wells Fargo anno... More »
FILE PHOTO: Former inmate at Eastern State Penitentiary, William Harrison, 75, served 3 separate terms (1959, 1962, 1970) for larceny, forgery, and assault, and revisits his prison cell on the second level of block 14 in Philadelphia, Pennsylvania April 30, 20... More »
The barrels of AR-15 rifles are displayed for sale at the Guntoberfest gun show in Oaks, Pennsylvania, U.S., October 6, 2017. REUTERS/Joshua Roberts NEW YORK (Reuters) – In the three weeks since America’s deadliest high school took the lives of 17 students and... More »
Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O’Neill, trainer of Kentucky Derby winner “I’ll Have Another”, at the Primm Valley Casino in Primm, Nevada June 25, 2012. REUTERS/Las Vegas Sun/Steve Marcus CHICAGO (Reuters) ... More »
SYDNEY (Reuters) – Australian George Corones, who will celebrate his 100th birthday next month, shaved a good chunk of time off the 50 meters long course freestyle world record for his age group at this week’s Commonwealth Games trials. The 99-year-old Victori... More »
NEW YORK (Reuters) – It stands to reason that getting involved in your community helps others. But what if it helped your own bottom line, as well? That is the finding of a new survey from financial giant MassMutual, which discovered that nearly half of the Am... More »
A “For Rent” sign is posted outside a residential home in Carlsbad, California, U.S., January 18, 2017. REUTERS/Mike Blake CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) People trying to escape soaring rents... More »
Anita Monk and her neighbour John Everett dance during a Christmas Dinner event for older people at Hammersmith and Fulham Town Hall in London, Britain December 25, 2016. REUTERS/Kevin Coombs CHICAGO (Reuters) – (The opinions expressed here are those of the au... More »
FILE PHOTO: An elderly man walks in a park in London. LONDON (Reuters) – Life expectancy for people in England and Wales aged 65 at the beginning of 2018 has shortened by two months compared with a year earlier, research showed on Thursday. This was the same a... More »
FILE PHOTO: An exhibit booth for firearms manufacturer Smith & Wesson is seen on display at the International Association of Chiefs of Police conference in Chicago, Illinois, October 26, 2015. REUTERS/Jim Young/File Photo BOSTON/NEW YORK (Reuters) – The world’... More »
FILE PHOTO: A resident holds the hand of a nurse at the SenVital elderly home in Kleinmachnow outside Berlin May 28, 2013. REUTERS/Thomas Peter NEW YORK (Reuters) – Amanda Singer had her plate full running a dance studio in Massachusetts. But after her mother ... More »
An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike Blake (UNITED STATES – Tags: SOCIETY ENVIRONMENT) – GM1E9BE0E8L01 CHICAGO (Reuters) – The opinions expressed here are those of the auth... More »
U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration CHICAGO – Cash is no longer trash. While there is no return to the 5 percent money market yields savers got a decade ago, there is some r... More »
TOKYO/MELBOURNE (Reuters) – Researchers in Japan and Australia say they have made important progress in developing a blood test that could in future help doctors detect who might go on to get Alzheimer’s disease. In a study published in the journal Nature, the... More »
U.S. service member stands guard as an U.S. military transport plane lands at the Kandahar air base, Afghanistan January 23, 2018. REUTERS/Omar Sobhani – RC1A69651DE0 NEW YORK (Reuters) – No matter how U.S. tax policies evolve in the future, it is doubtful tha... More »
A realtor and bank-owned sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011. REUTERS/Joshua Lott CHICAGO (Reuters) – Foreclosure is a frightening word – especially if the person losing her home is a senior living on a modest, fixed in... More »
David Silverman, director nominated for Animated Short Film for “Maggie Simpson In The Longest Daycare” and Matt Groening (R) arrive at the 85th Academy Awards in Hollywood, California February 24, 2013 REUTERS/Adrees Latif NEW YORK (Reuters) – Think of the go... More »
FILE PHOTO – The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking BOSTON (Reuters) – After Wells Fargo & Co (WFC.N) decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest ... More »
FILE PHOTO – A woman walks with her dog into the surf at Fingal Beach, located just 1 km (0.62 miles) south of the Queensland and New South Wales border, near the town of Tweed Heads June 22, 2013. REUTERS/David Gray NEW YORK(Reuters) – Try to imagine the “wor... More »
A student sits in a hallway as he looks through a text book in Chicago, Illinois February 14, 2013. REUTERS/Jim Young CHICAGO (Reuters) – Uncle Sam has given families the green light to use $10,000 per child each year to pay for private schools out of 529 savi... More »
FILE PHOTO: A man types on a computer keyboard in this illustration picture taken February 28, 2013. REUTERS/Kacper Pempel/Illustration/File Photo CHICAGO (Reuters) – More than 34 million Americans now conduct business with the Social Security Administration (... More »
VTB Chief Executive Andrei Kostin attends a meeting in Russia, June 1, 2017. REUTERS/Sergei Savostyanov/TASS/Host Photo Agency/Pool MOSCOW (Reuters) – Russian lender VTB has set aside 50 billion rubles ($882 million) in additional provisions against losses and... More »
Senior citizens stand after receiving makeovers and beauty care at a beauty salon of Jacques Janine, to boost her self esteem, an event organized by Projeto Velho Amigo NGO with 90 women that live at nursing homes, in Sao Paulo, Brazil November 27, 2017. REUTE... More »
A generic picture of a some office folders or binders. OFFPO REUTERS/Catherine Benson NEW YORK (Reuters) – Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, ... More »
FILE PHOTO: A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson/File Photo SEOUL (Reuters) – South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalize... More »
Graduating seniors line up to receive their diplomas during Commencement at Wellesley College in Wellesley, Massachusetts, U.S., May 26, 2017. REUTERS/Brian Snyder (The Jan. 10 story was refiled to clarify description of Sallie Mae as a student loan lender ins... More »
FILE PHOTO: Hands are held in Sun City, Arizona, January 2013. REUTERS/Lucy Nicholson CHICAGO (Reuters) – Finding a safe, high-quality nursing home for a loved one is never an easy task. Complicated decisions often are made at a moment of emotional crisis and ... More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake CHICAGO (Reuters) – U.S. interest rates finally are on the rise after a decade stuck near zero – and that should be good news for retir... More »
The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip NEW YORK (Reuters) – Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert’s top fund... More »
People walk past a branch of the Royal Bank of Scotland in London, Britain December 1, 2017. REUTERS/Peter Nicholls (Reuters) – Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-back... More »
A cake decorated for the 116th birthday celebration of Susannah Mushatt Jones, known as “Miss Susie” rests on a table before the start of the festivities in the Brooklyn borough of New York, July 7, 2015. REUTERS/Lucas Jackson CHICAGO (Reuters) – The Republica... More »
A rose is covered with fresh snow on a cold winter day in the village of Lavacherie, Belgium December 3, 2017. REUTERS/Yves Herman NEW YORK (Reuters) – Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a s... More »
FILE PHOTO: 70th Cannes Film Festival – Model Petra Nemcova poses on the red carpet prior to the screening of the film “Nelyubov” (Loveless) in Cannes, France, May 18, 2017. REUTERS/Stephane Mahe/File Photo NEW YORK (Reuters) – If Petra Nemcova’s life were a m... More »
The top of the cap of a graduating student is pictured during their graduation ceremony at UC San Diego in San Diego, California, U.S. June 17, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – Families with children in private or parochial school will be able to ... More »
LONDON (Reuters) – Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record for insurance losses fro... More »
FILE PHOTO: Chickenfoot guitarist Joe Satriani (L) performs with singer Sammy Hagar during the 43rd Montreux Jazz Festival early July 5, 2009. REUTERS/Denis Balibouse/File Photo (The writer is a Reuters contributor. The opinions expressed are his own.) By Chri... More »
Copies of tax legislation are seen during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., November 15, 2017. REUTERS/Aaron P. Bernstein NEW YORK (Reuters) – Financial advisers and accountants are working overtime as many U.S. taxpa... More »
A man walks the campus of the City College of New York in the Harlem borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz NEW YORK (Reuters) – In the lead-up to the conference agreement for the U.S. Tax Cut & Jobs Act released on Friday, there w... More »
(Reuters) – Canada Pension Plan Investment Board (CPPIB) and Brazil’s Votorantim Group’s energy unit Votorantim Energia have formed a joint venture that will buy two operational wind parks in northeastern Brazil, they said. The wind parks will have a combined ... More »
Airbus Chief Executive Tom Enders attends a ceremony during the delivery of the new Airbus A380 aircraft to Singapore Airlines at the French headquarters of aircraft company Airbus in Colomiers near Toulouse, France, December 13, 2017. REUTERS/Regis Duvignau P... More »
An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike Blake CHICAGO (Reuters) – Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for ret... More »
U.S. outgoing Federal Reserve Chair Janet Yellen arrives for a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst NEW YORK (Reuters) – When the U.S. Federal Reserve raises ... More »
FILE PHOTO – Graduate students rally against the proposed GOP tax reform bill at Union Square in the Manhattan borough of New York City, New York, U.S., November 29, 2017. REUTERS/Shannon Stapleton CHICAGO (Reuters) – Graduate student Mollie Marr is worried th... More »
Undated handout photo of author Luvvie Ajayi. REUTERS/Chuck Olu-Alabi/Handout NEW YORK (Reuters) – Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are c... More »
Casper CEO Philip Krim speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – If any industry is in the throes of total disruption right now, it is retail. Some brick-an... More »
House Speaker Paul Ryan (R-WI) looks on at the Capitol Christmas Tree lighting ceremony on West Front Lawn of the U.S. Capitol in Washington, U.S., December 6, 2017. REUTERS/Yuri Gripas CHICAGO (Reuters) – Traditionally, U.S. politicians avoid talking about cu... More »
LONDON (Reuters) – British car dealership Pendragon (PDG.L) is to sell its U.S Motor Group business after concluding a strategic review following a profit warning, it said on Monday. The firm, which warned on profit in October due to a fall in demand for new c... More »
WASHINGTON (Reuters) – U.S. Senate Republicans made last-minute changes to their tax bill to secure enough votes to pass the sweeping legislation on Saturday and move on to negotiations this week on a final measure with Republicans in the House of Representati... More »
FILE PHOTO – Volunteers sort donated clothes for Caribbean refugees whose homes were destroyed by Hurricane Irma, at a convention centre in San Juan, Puerto Rico September 14, 2017. The hashtag on the sign reads “Puerto Rico embraces you.” REUTERS/Alvin Baez N... More »
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo CHICAGO (Reuters) – Nothing good lasts forever, and so it is with tax-deferred retirement saving – tha... More »
An aide adjusts a sign prior to a news conference announcing the passage of the “Tax Cuts and Jobs Act” at the U.S. Capitol in Washington, U.S., November 16, 2017. REUTERS/Aaron P. Bernstein NEW YORK (Reuters) – At a retirement community near Chicago, Jay Scha... More »
U.S. Senator Jeff Flake (R-AZ) talks to reporters as he arrives for the weekly Republican party caucus luncheon at the U.S. Capitol in Washington, U.S. October 31, 2017. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump predicted on Sun... More »
U.S. President Donald Trump speaks about his recent trip to Asia in the Diplomatic Room of the White House in Washington, U.S., November 15, 2017. REUTERS/Joshua Roberts WASHINGTON (Reuters) – U.S. President Donald Trump would not insist on including repeal of... More »
The California Public Employees’ Retirement System is considering more than doubling its investment in municipal bonds and other fixed-income assets while lowering volatility, according to proposals set for discussion at a workshop on Monday. More »
Translating money messages to 100 million kids around the world is not a feat for ordinary humans - you need monsters. More »
As soon as the House of Representatives' proposed tax reform bill had hit the news, divorce lawyer Malcolm Taub's phone started to buzz. More »
U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table - at least for now. More »
The U.S. House of Representatives helped pave the way on Thursday for deep tax cuts sought by President Donald Trump and Republican leaders, but barely overcame a revolt within party ranks that could foreshadow trouble ahead. More »
The Financial Industry Regulatory Authority said on Thursday that Susan Axelrod, its executive vice president for regulatory operations, is leaving the securities industry self-regulator for a job in the private sector early next year. More »
Can you make serious money by capitalizing on human foibles? More »
Retailer Meijer Inc said it was recalling packaged vegetables in six U.S. states because of possible contamination from Listeria monocytogenes bacteria, which can cause fatal food poisoning in young children, pregnant women and elderly or frail people. More »
U.S. Senate Republican leader Mitch McConnell said on Sunday he was willing to bring healthcare legislation up for a vote but was waiting for the go-ahead from President Donald Trump, who sent mixed signals last week about a bipartisan bill that would shore up... More »
Are unsuspecting seniors around the United States being scooped up without warning from their homes, placed in nursing homes and having their possessions taken away? More »
E*Trade Financial Corp (ETFC.O) plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said on Thursday. More »
Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and U.S. government bonds. More »
President Donald Trump's plan to make it easier for small businesses to band together and buy stripped-down health insurance plans could violate a federal law governing employee benefit plans and will almost certainly be challenged in court, legal experts said... More »
The gap in U.S. retirement wealth between white and minority families has widened to the point where it really is not a gap anymore. It is a canyon. More »
If you have an aging parent and want a glimpse of what the future holds, look no further than Leslie Glutzer. More »
Jordan Belfort inspired the feature film "The Wolf of Wall Street," which starred Leonardo DiCaprio and portrayed the wealth and excesses that the head of former Long Island brokerage Stratton Oakmont enjoyed back in the 1990s. More »
U.S. President Donald Trump on Saturday said "only one thing will work" in dealing with North Korea after previous administrations had talked to Pyongyang without results. More »
The California State Teachers' Retirement System (CalSTRS) said on Thursday it would support the nomination of Nelson Peltz, chief executive of Trian Fund Management, to the board of directors at Procter & Gamble Co (PG.N). More »
Looking at the weather and other natural phenomena these days, it seems the only thing that has yet to occur is a plague of locusts. More »
Forewarned is forearmed - and for U.S. seniors, the warning just arrived in the mail. More »
If you like the income tax reduction you get for your 401(k) contribution then make sure to max out now, because you may not get the chance in the future. More »
As Hurricane Irma lashed Orlando, Florida, last month, Amanda Leite needed a doctor for her 4-year-old daughter, who had a fever. More »
Delaying your Social Security benefit claim offers one of the best routes to higher retirement income - annual benefits increase 8 percent for every 12 months that you delay from age 62 to 70. But the strategy often comes with a challenge: how to meet living e... More »
There is a widespread sense of fear hanging over consumers in the aftermath of the data breach at credit-monitoring firm Equifax revealed in early September that approximately 143 million consumers' personal and financial records were exposed. More »
A 62-year-old, Tanzanian-born artist whose creations include dinner plates painted with vomiting aristocrats is one of a new breed of nominee for British art's high-profile Turner Prize: an over-50. More »
Pop quiz: What percentage of long-term stock market returns are thanks to the humble dividend? Five? 10? 20? More »
While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. More »
If you were not yet convinced that your personal data was at risk from cyber thieves, the latest breach of 143 million consumer records at credit bureau Equifax should scare you straight. More »
A German pensioner had a lucky escape after losing control of his car and repeatedly crashing into a petrol station, causing nearly 50,000 euros ($60,000) of damage. More »
A little thought experiment for retirement savers: More »
Which nations are doing the best job adapting to their aging populations? More »
When the U.S. Congress returns from summer vacation on Tuesday, for the first time in years gutting Obamacare will not be the main order of business on the healthcare agenda. More »
You have to be pretty tough to make it as a four-star general in the U.S. military. So it makes sense that some top military commanders would get their starts working in rigorous first jobs. More »
Making money in the markets is tricky enough on its own. Try doing it while staying faithful to your religious beliefs. More »
