During the past three decades, businesses of all sizes have shifted away from traditional defined-benefit plans to defined-contribution plans, also known as 401(k)s. Now, states and local governments are doing the same, even th…
As wages and benefits shrink, state workers are retiring in droves. On top of all the layoffs, these retirements amount to a huge brain drain, and the problem will only get worse given the yawning budget gaps of states from coa…
As wages and benefits shrink, state workers are retiring in droves. On top of all the layoffs, these retirements amount to a huge brain drain of government employees, and the problem is likely to get worse given the yawning bud…
Infighting among heirs is on the rise, thanks to the weak economy, the increase in blended families and a host of other factors. Probably the biggest is simply poor planning. Life is complicated enough, so don’t bequeath a batt…
When Countrywide Financial created deeply flawed mortgage-backed securities, it wasn’t just selling bad financial products: It was breaking its contracts. Now some ordinary investors are suing Countrywide’s buyer, Bank of Ameri…