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.
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 workers who want flexible schedules. As proof, she offers the example of Karen DeLoach, a bookkeeper who works at an accounting firm in Alabama.
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. Congressional Democrats countered with a higher bid, suggesting $10.10. Both proposals would tie the minimum wage to inflation so it keeps up with the cost of living.
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 payinganything at all for their 401(k) (which actually makes all of the folks who guessed wrong in NerdWallet's poll look pretty smart by comparison).
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 they come down -- it's my favorite thing."
The President’s attention in his proposed budget to the challenges faced by unemployed young workers is encouraging. His proposal for a “Pathways Back to Work Fund” would make $12.5 billion available to create and/or subsidize jobs for younger as well as older unemployed workers.
It’s been a good week for the 23,000 people who work for one U.S. retail chain. Even as the national economy continued to plod along and the unemployment rate remained disturbingly high, Hobby Lobby announced it is upping its minimum hourly wage to $14 for full-time employees and $9.50 for part-time workers.
After a bruising election in which their standard-bearer became a symbol of wealth and privilege, Republicans are emerging as born-again champions of the common people. The latest proposal in the House, the “Working Families Flexibility Act,” is billed as a pro-worker proposal that will let mom bank comp time so she can take a family vacation later. But for such a worker-friendly idea, the bill has attracted support from strange quarters.
Like many New Yorkers, Hazel B. of Queens struggled to get by after she was laid off from her job as an accounts receivable administrator. A single mother of two, Hazel relied on credit cards to make ends meet while she looked for work.
Finally, she found a job opening that looked promising. She went on two interviews and took a test given by the potential employer. She believed she had performed well, but then word came back that Hazel would not be hired because of negative information in her credit report.
Once you get your hard-earned dollars into your 401(k), it’s painful to think they might not begetting you the highest return possible. Before you go any further, those who aren’t contributing regularly to a 401(k) or another type of tax-advantaged retirement account, such as a Traditional or Roth IRA, need to start now. While making that 10 or 15 percent contribution from your paycheck can be tough, there’s no excuse to not plan for supporting yourself in your old age.
Massive fraud in the high-speed trading markets is escaping detection because regulators and exchanges are dithering on a powerful supercomputer to uncover the scams, The Post has learned.
And as retail investors begin dipping their toes back into stocks, now at record prices, the market watchdogs are asleep at the wheel.
NEW YORK, NY – In advance of the release of this month’s job figures, national public policy center Demos today issued a new report analyzing the lasting economic effects of youth unemployment.
Nowadays, whenever Social Security comes up in policy debates around Washington, the discussion often focuses on how best to cut benefits in order to shore up the program’s finances.
More and more Americans are spending their golden years racking up debt—a trend that if left unchecked could derail entitlement reform and alter the traditional pattern of wealth being transferred from older to younger generations.
For the past several decades, millions of senior citizens have been able to enjoy relatively safe retirements, in part due to a lifetime of savings, private pensions, Social Security, Medicare, and home ownership.
The company an employee works for makes all the difference. Over the course of a 40-year career, workers at some companies lose tens of thousands of dollars in 401(k) fees and earnings -- sometimes more than double the savings lost by workers at other firms, according to an exclusive analysis of about 2,300 company 401(k) plans by FutureAdvisor, an online financial adviser.
The number of Americans age 60 and over in debt is alarming. A recent report by the AARP’s Public Policy Institute and the research organization Demos revealed that Americans over the age of 50 carried substantially more debt on credit cards — an average balance of $8,278 — than those under 50, whose average balance was $6,258.