United States

Retirement News


For U.S. Republicans, tax reform math hinges on cutting Medicare

CHICAGO U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table - at least for now.

Your Money: Splitting retirement accounts is tricky for DIY divorce

NEW YORK If you are trying to have a low-cost, do-it-yourself divorce, it may seem reasonable to just split up the retirement assets and each go your separate ways.

Near miss on 401(k) tax grab marks a new low for U.S. retirement policy

CHICAGO U.S. Republican lawmakers came close to staging a damaging raid on retirement savers this week to pay for a massive tax cut for corporations and the wealthy. Their recklessness brings to mind that old saying - "This is no way to run a railroad." But in this case, using that expression would be grossly unfair to incompetent railroad managers.

CalSTRS reports its investment fees for second consecutive year

The California State Teachers' Retirement System announced on Wednesday the total costs and fees paid to manage its investment portfolio for the second consecutive year.