You Need This Much Retirement Savings At Your Age And Income

Via Investors Business Daily By Paul Katzeff Are you saving enough for an affordable retirement? Knowing how much to save for retirement is a key question in planning. Yet many people don’t know how to figure out the right amount of retirement savings and don’t even try, even though knowing is important to their financial health. Read the full article. Continue reading You Need This Much Retirement Savings At Your Age And Income

These 3 Big Surprises Can Derail Your Retirement

Via Detroit Free Press By Susan Tompor The countdown to retirement can include all sorts of plans — setting aside extra cash in in the 401(k) plan, aiming to pay down debt, dreaming about the first trip you’d like to knock off your bucket list. But retirement experts will tell you that it’s the things that you don’t plan for that derail retirements all the … Continue reading These 3 Big Surprises Can Derail Your Retirement

Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

Via mydaytondailynews.com By Chris Stewart, My Dayton Daily News The Ohio Public Retirement System has failed to fully account for the income of 194 Montgomery County employees when calculating pension benefits, according to complaints filed Tuesday with the Supreme Court of Ohio. Separate filings by the Montgomery County Prosecutor’s Office and the Montgomery County Clerk of Courts each allege the Ohio Public Retirement Board made … Continue reading Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

FedEx to Shift $6 Billion in Pension Obligations to MetLife

Via American Journal of Transportation, By Mary Schlangenstein and Katherine Chiglinsky FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs. The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. FedEx, which said it would take a non-cash charge related … Continue reading FedEx to Shift $6 Billion in Pension Obligations to MetLife

Chattanooga Pension Fund Sues Wells Fargo for Alleged Fraud Over Revenue Sharing

Via Pensions&Investments, By Rob Kozlowski Chattanooga (Tenn.) Fire and Police Pension Fund has filed a lawsuit in Tennessee court against Wells Fargo, its custodian and trustee, alleging potential fraud and overcharging in its role as trustee, The suit, filed Tuesday in the Chancery Court of Hamilton County, alleges that Wells Fargo has not provided any disclosures regarding “significant compensation from third-party mutual funds and potentially … Continue reading Chattanooga Pension Fund Sues Wells Fargo for Alleged Fraud Over Revenue Sharing

Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

Via SFGATE By Damian Paletta, The Washington Post When they went on strike in 2016, members in the union for marshmallow makers chanted, “No justice, no Peeps!” And on Thursday, a federal appeals court said the Peeps workers had a point. The U.S. Court of Appeals for the Fourth Circuit ruled that Just Born Quality Confections, the firm in Bethlehem, Pennsylvania, that makes the candy … Continue reading Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

5 Tips for Boosting Your Retirement Savings

Via Dayton Daily News By Kara Driscoll The concept of retirement is quickly evolving for Americans, who are no longer ending their work lives in their late 50s and early 60s. Now, workers are extending their careers for a multitude of reasons: financial hardship, Social Security and pension changes, household dynamics and a need for a purpose. By 2022, more than 27 percent of Ohio’s … Continue reading 5 Tips for Boosting Your Retirement Savings