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Business :: Retirement

Apple Bites Stock Market

RETIREMENT | By Matthew Craft | Friday Sep 26, 2014
A stumble by Apple set off a rout in the stock market yesterday, its worst day in nearly two months. All 30 big companies in the Dow Jones industrial average and the 10 industries in the Standard & Poor's 500 index lost ground.

Avoiding the Home of the Hard-Up

RETIREMENT | By David Auten and John R. Schneider | Sep 21
Between the Dutch tulip bubble and the U.S. housing bubble, there have been many other bubbles that have grown and burst. It seems that no matter how many calamities investors experience, they run from bubble to bubble like hipsters to trends.

Georgia City Moves Ahead on Benefits for Same-Sex Couples

RETIREMENT | Aug 28
A city committee in Marietta has approved a plan aimed at extending retirement benefits to same-sex couples.

 Susan McNamara returns a book to the public library in Quincy, Mass.

Not So Golden: Wealth Gap Lasting into Retirement

RETIREMENT | By Michael Hill | Aug 8
William Kistler views retirement like someone tied to the tracks and watching a train coming. It's a looming threat, but there's little he can do. He has saved little in a 401(k) over the past decade, spending most of his working life self-employed.

Nearly One-in-Four Americans Dogged by Debt Collectors

RETIREMENT | Aug 4
The recession may have slowed somewhat, but millions of Americans find themselves in hock to creditors. Many Americans who suffered economic hardships, including unemployment, are finding it hard to chip away at their debt. Anthony Mason reports.

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

Bond Insurers Vow to Fight Detroit Financial Plan

RETIREMENT | 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

RETIREMENT | 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

RETIREMENT | 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

RETIREMENT | 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

RETIREMENT | 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

RETIREMENT | 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.