Retirement News

Can myRa bring retirement planning to the masses?

CHICAGO The United States needs a sleek new vehicle for workplace retirement saving, something that covers the millions of workers who do not have a 401(k) or traditional pension. But on Wednesday, the White House rolled out a kid’s bike with training wheels instead, otherwise known as the myRA.

Pimco managing director Wendy Cupps to retire after 21 years

NEW YORK Bond giant Pimco said on Thursday that Wendy Cupps, managing director and head of product management, has decided to retire from the firm at the end of 2015 after 21 years with the Newport Beach, Calif. company.

Retirees get big lessons on loopholes from budget deal

LOS ANGELES Even people decades away from retirement should pay close attention to how Congress just ended two lucrative ways of taking Social Security benefits, known jointly as the "claim now, claim more later" strategy.

How the budget deal changes Social Security for couples

CHICAGO Among its many provisions, the budget deal moving quickly through Congress puts an end to "file-and-suspend," a lucrative strategy for couples that can boost lifetime Social Security retirement benefits by hundreds of thousands of dollars.

Artist Jamal Joseph gets prize for his own third act

CHICAGO The sound of gunshots in Harlem in 1997 was nothing new to Jamal Joseph, who was then a 44-year-old filmmaker living in the New York City neighborhood.

When money doesn’t buy everything