Retirement

The offspring of many East Asian immigrants are raised to support their elders in their later years. That gives a segment of Americans challenges others don’t face. A few months ago, I texted my mother to let her know that I had paid her electric bill (as I do every month), and that it was

Countries and companies are facing an aging crisis, and experts say policymakers and business leaders need to rethink how they deal with older workers. Aging workers of the world unite.Charly Triballeau/Agence France-Presse — Getty Images The long-life paradox Today’s 5-year-olds have it even better than you think. In the wealthiest nations, more than half of

Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options. Hardship withdrawals from workplace retirement accounts are edging upward — another sign, along with rising credit card debt, that Americans have been feeling financial pain from inflation. “Their budgets are stretched

Several provisions in the spending bill outline new ways employers can help workers save for retirement. The federal spending package unveiled on Tuesday includes new provisions that would alter how millions of Americans save for retirement, including older people who want to stash away extra money before they stop working and those struggling under the

Younger investors who are navigating market volatility and trying to save for retirement are finding that roboadvisers lack the personal touch. Breana Jones started investing in 2014, building up her retirement savings and putting aside money to buy a house. “I have youth on my side,” said Ms. Jones, a 32-year-old Los Angeles resident and

Want to transfer money from a 529 plan to a Roth I.R.A. or get an after-tax employee match in your Roth 401(k)? You may be in luck. The $1.7 trillion federal spending bill that President Biden is expected to sign in the coming days includes dozens of changes to retirement plans. It makes it easier

Right-wing officials are attacking BlackRock for overstepping. Those on the left say the world’s biggest asset manager is not doing enough. It was a clarion call to chief executives everywhere. In 2018, Laurence D. Fink, the longtime chief executive of BlackRock, the world’s largest asset manager, urged corporate leaders to assess the societal impact of

The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous. British financial markets plunged into turmoil on Wednesday following mixed messages over whether the Bank of England would continue to provide support to pension funds and

The moves at the nation’s largest newspaper publisher include a week of mandatory unpaid leave and voluntary buyouts. The chief executive of Gannett, the largest newspaper publisher in the country, announced widespread cost-cutting to its newsrooms on Wednesday, citing headwinds from the “deteriorating macroeconomic environment.” In a memo to the staff, Mike Reed, the chief

El ajuste por costo de vida aumentará en 8,7 por ciento el próximo año, brindando alivio a los jubilados y otras personas que dependen en gran medida de esos pagos. Unos 70 millones de estadounidenses que cobran el Seguro Social recibirán un aumento de 8,7 por ciento en sus beneficios el próximo año, el mayor

Automatically adjusted lifetime income is rare and worth protecting, our columnist says. The 8.7 percent cost-of-living adjustment for Social Security isn’t just a big benefit increase. It’s priceless. You can’t buy inflation-protected lifetime income like that on the open market, not from an entity as solid as the United States government. “People don’t appreciate what

One reason: You pay for it. And, despite what many Americans believe, it’s “definitely a misconception” that it will run out before you retire, experts say. To most young people, few topics are as dull as Social Security. Or, as one 36-year-old friend put it to me recently, “I assume it won’t be around by