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Bet if I asked, the odds are good that many people could tell me to the penny what they just paid for a gallon of gas. So how much did it cost you to invest in your 401(k) last year? I don't know myself. And you likely don't know either. Over the years, most of us have heard that if we just start
In the media
Susan Tompor
I watched the disturbing Frontline documentary on PBS, The Retirement Gamble, and not surprisingly, I got to thinking about the fees I pay for investing in my retirement accounts.
In the media
Kerry Hannon
Americans owe more than $1 trillion in student loans — a total that surpasses credit card debt — but millions who are past due on payments are not taking advantage of a program designed to make their debt manageable. The federal income-based repayment­ program reduces an eligible borrower’s monthly
In the media
Meagan Pant
Representative Martha Roby has an op-ed in Politico today making the case for her “Working Families Flexibility Act.” The bill would allow businesses to pay their workers in comp time, rather than higher wages, for the overtime hours they work. Roby has argued that her bill would make it easier for
Blog
Brenden Timpe
On a normal day, Sonia Acuña, a petite 41-year old mother of four, puts on her bright red McDonald’s cap and reports to work at a branch of the giant hamburger chain in Chicago’s main rail terminal, Union Station. But today, in cold and drizzling early morning weather, Acuña—still wearing her
In the media
David Moberg
Wall Street has made it far more likely that you will spend at least some of your golden years eating Fancy Feast.
In the media
Mark Gongloff
NerdWallet underlies its findings with a report by public policy organization Demos from last summer, which added the further frightening fact that among folks investing in 401(k) plans, a full two-thirds had no idea they were paying anything at all for their 401(k) (which actually makes all of the
In the media
The advocacy group Small Business Majority is out this morning with a new survey that bolsters efforts to raise the minimum wage. President Obama ignited the debate earlier this year when he proposed raising the hourly minimum wage from $7.25 to $9, arguing that it would help working families
Blog
Brenden Timpe
FREDERICKSBURG, Va. -- There's nothing Deidre Duffy would rather do than host a backyard barbecue for a few friends. "I don't want anything fancy," Duffy, 53, said in an interview next to her black Weber grill. "Give me some charcoal and I'm going to shoot those flames about six feet high, and when
In the media
Arthur Delaney
In the better-late-than-never category, there's now a more subtle debate among economists about whether it's debt that tamps down economic growth or whether it's the slow growth that pushes up the debt. That's an important question, but it actually hides what may be an even more crucial one. Is
In the media
Scott Bittle
Jean Johnson