Finance :: Retirement

Detroit retiree William Davis protests near the federal courthouse in Detroit.

Bond Insurers Vow to Fight Detroit Financial Plan

Jul 24
Companies that insure Detroit's bonds are repeating their pledge to aggressively challenge the city's plan to get out of bankruptcy. Results released Monday night show city workers and retirees voted in favor of pension cuts.

House Passes Tax Breaks to Boost Charitable Giving

By Stephen Ohlemacher | Jul 21
The House passed a package of tax breaks designed to boost charitable donations by seniors, private foundations and procrastinators. One provision provides tax breaks to people over 70 who make donations from their individual retirement accounts.

Largest Gathering of LGBT Business Owners in History

By EDGE | Jul 18
In a year of historic changes and challenges, the nation's lesbian, gay, bisexual and transgender business owners will meet in an unprecedented gathering organized by the National Lesbian & Gay Chamber of Commerce to brainstorm and get energized.

US Consumer Bureau Sues Debt-Collection Law Firm

By Jeff Horwitz | Jul 16
The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a "mill" that produces shoddy, mass-produced credit-card collection lawsuits.

Employees stand in a soon-to-be-open medical marijuana dispensary in Seattle.

Washington Faces Difficulties Launching Legal Pot

By Gene Johnson | Jul 3
Pete O’Neil saw Washington’s legalization of marijuana in 2012 as a path to retirement, or at least to his kids’ college tuition. Pot shortages are certain. More than 2,600 people applied last fall to grow marijuana.

Bob Leeds retired from banking and social-services work.

Pension Agency Says Plans for 1.5 Million at Risk

By Tom Raum | Jul 1
Despite an improving U.S. economy, retirement plans covering roughly 1.5 million workers are severely underfunded, threatening benefit cuts for current and future retirees, a federal watchdog agency warned Monday.

Who Put Sleeping Pills into Wall Street’s Water?

By Bernard Condon | Jun 24
In a world suddenly more dangerous, you’d think fund managers and traders would be selling and buying and selling again in a frenzy of second-guessing. Instead, they’re the picture of calm and contentment.

Former Environmental Protection Agency (EPA) Administrator Christine Todd Whitman speaking in Decorah, Iowa.

Republican EPA Chiefs to Congress: Act on Climate

By Dina Cappiello | Jun 23
Top environmental regulators for four Republican presidents told Congress what many Republican lawmakers won’t: Action is needed on global warming.

Report: Social Security Judges Rubber-Stamp Claims

By Stephen Ohlemacher | Jun 12
Four Social Security judges defended their work amid accusations they rubber-stamped claims for disability benefits, approving billions of dollars in payments from the cash-strapped program.

Schedulers Ordered to Lie About VA Wait Times

Jun 11
An internal audit revealed in more than 75 percent of all Veterans Affairs clinics, at least one scheduler said supervisors ordered them to falsify records of how long veterans were waiting. More than 57,000 veterans have been waiting up to three months.