Category: Pensions and Retirement Plans

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.
American Airlines Pilots Ratify Contract, Offering Big Raises

Strong demand for air travel and a pilot shortage have strengthened the ability of unions across the industry to win gains in pay and benefits.
As Student Loan Payments Resume, Gen X Struggles to Save for Old Age

The end of the payment pause means Americans in this age group will once again have to juggle paying off debt while trying to save for older age.
The Risks Hidden in Public Pension Funds

Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.
401(k) Hardship Withdrawals Tick Up as Inflation Stays High

Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.
How a Solo Gig Can Give You a Stronger Retirement

Becoming a solo entrepreneur in the years between leaving an employer and claiming Social Security can give your savings a boost. Here’s what to know.
Saving for a Down Payment and Retirement: What to Know

With mortgage rates and prices high, first-time home buyers find these competing goals aren’t always doable, at least at the same time. Here are points to consider.