The nation’s average retirement age is rising from 65 to 80, according to Wells Fargo & Co.
It looks like the New World Economic Order has gone mainstream. That seems to be the case when Merrill Lynch Wealth Management offers its opinion about the re-alignment of the global economy, the idea of buy-and- hold investing, the role of commodities in a portfolio, risk management and the declining
A new survey shows Americans are pessimistic and have very poor retirement plans and financial assets. Among the highlights of the Yahoo Finance poll are: — 41% of Americans say the “American Dream” has been lost. — 37% of adults have no retirement savings and 38% plan to live off Social Security.
Citigroup Inc. and Deutsche Bank have agreed to pay $165.5 million to settle federal regulators’ claims that they misled five failed credit unions about the risk of securities tied to mortgages. The National Credit Union Administration announced the settlements Monday over securities that the big Wall Street banks sold the five
The ongoing tug-of-war between all parties concerning financial services reform got some added dimensionfrom a report on CBS’s 60 Minutes about legal insider trading involving the elected members of the U.S. Congress. The report found that trading on insider information involving stocks, IPOs and real estate-related legislation which nets elected officials millions, yet
One of the darker themes of the current recession and its erratic, mismanaged recovery, is that the U.S. is headed for a lower standard of living. That is not officially articulated, of course, but implied in the many reports about long-term unemployment, proposed cuts to retirement benefits, 401k contributions, unpaid