Category: Pensions and Retirement Plans

Facing Financial Run as Costs Soar for Elder Care

The United States has no coherent system for providing long-term care, leading many who are aging to struggle to stay independent or to rely on a patchwork of solutions.
Higher Contribution Limits Are Coming for 401(k) Retirement Plans

But, financial advisers note, most people cannot afford to set aside the maximum amount. “This is a system geared for high earners,” one expert said.
Why High Yields Make Bonds Better Investments Now

Back in 1994, bonds with fabulous yields were there for the taking. Our columnist doesn’t see treasures like that now, but there are solid buys.
American Household Wealth Jumped in the Pandemic

Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
U.A.W. Says Auto Strikes Will Become More Unpredictable

The United Automobile Workers union refrained from expanding the strikes at Ford, General Motors and Stellantis but said it could do so at any time.
Ford Says It Won’t Raise Its Contract Offer to U.A.W.

The company said it had reached the limit of what it could offer to the United Automobile Workers union, which has expanded its strike to Ford’s largest plant.
Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.

Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.
U.S. Judge Denies States’ Bid to Block Biden Rule on E.S.G.

Republican-led states accused the Labor Department of violating a federal law covering retirement plans, part of a battle that goes back several years.
U.A.W. Prepares for Partial Strike Against Detroit Automakers on Friday

The union’s president, Shawn Fain, said negotiators were nowhere near an agreement and ruled out a contract extension while talks continued.
Fox Sued by New York City Pension Funds Over Election Falsehoods

The funds accuse the Fox Corporation board of neglecting its responsibility to shareholders by leaving the company open to defamation lawsuits.
Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses

Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.
States’ Paid Leave Plans Could Help Protect Caregivers’ Savings

It’s not unusual for people caring for family members to tap their retirement accounts or go into debt to pay bills. Some states are trying to help them avoid that.