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The White House says it is dropping a proposal that would have lowered the cost-of-living adjustments for Social Security and other government social programs, according to published reports.
Last year's gangbuster stock market pushed 401(k) savings account balances to record highs, according to two major retirement account providers.
The weak job market for older workers appears to have eroded their savings and caused them to tap their credit cards.
It's bad enough that employers are doing away with traditional pensions and adopting 401(k)s that foist all the investing decisions onto workers, leaving them vulnerable to the vagaries of the market.
More than 300 companies, including Apple, Walmart, Boeing and eBay, have pledged to help the long-term unemployed find jobs under a new initiative announced by President Barack Obama today.
A day after President Barack Obama gave the go-ahead for the Treasury Department to create a "starter" savings account, experts are weighing whether it will be worthwhile or just another ignored investment tool.
President Barack Obama is moving quickly to make good on his pledge to create a new "starter" savings program for workers without a retirement plan on the job.
What's quickly eating up a growing share of retirees' money these days? Not health care, as you might expect, according to a new report by the National Center for Policy Analysis.
If you don't believe the ultra-low price or attractive finance terms in an advertisement for a new car, your instincts may be right. Some dealers run deceptive ads to lure consumers into their showrooms and then never deliver on their promises, according to a federal regulator.