Category: Retirement

IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

The company has stopped making contributions to 401(k) accounts, and instead giving workers cash credits in a new version of its old pension plan.
IBM Reopens Its Frozen Pension Plan, Saving the Company Millions

The company has stopped making contributions to 401(k) accounts, and instead giving workers cash credits in a new version of its old pension plan.
Medicare Recipients Can Save on Drugs in 2024

Federal law set caps on some spending for seniors who are enrolled in Part D prescription drug plans. Those paying for high-cost medicines will benefit.
January Is Nearly Over. Have You Done Your Retirement Review?

While 2024 is still new, assessing where you stand in some key areas of personal finance can help smooth the transition to your later years.
Keeping a Midlife Crisis From Wrecking Your Retirement Plan

Entering your 40s can throw you into an emotional tailspin — one that may lead you to spend more and jeopardize your nest egg.
Saving for Retirement on Part-Time Pay

Most part-time workers in America are women — leaving them with less access to retirement plans and less money to sock away.
In 2024, More Old 401(k) Accounts Could Be Forced Into Rollovers

In 2024, more low-balance, forgotten 401(k)s and similar retirement plans could be forced into rollover accounts, which don’t benefit their owners. Here’s what to know.
A Shock for Many Retirees: Social Security Benefits Can Be Taxed

When older Americans earn above a certain income level, they are often taken aback to find they owe federal income taxes on their benefits.
Social Security Struggles With Mounting Customer Service Issues

The Social Security Administration’s staffing and customer service issues have been mounting, and budget disputes in Congress could make them worse.
Kiss Loves to Say Goodbye. Is Its Rock ’n’ Roll Really Over?

Farewell tours are one of pop music’s signature moves. But there’s reason to believe Gene Simmons and Paul Stanley are throwing in the towel for real this time.
Pensions Get a New Look From Younger Workers

As the downsides of 401(k)-style plans become apparent, workers and some companies, including IBM, are showing new interest in defined benefit plans.
Extra Fees Drive Assisted Living Profits

The add-ons pile up: $93 for medications, $50 for cable TV. Prices soar as the industry leaves no service unbilled. The housing option is out of reach for many families.