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Illinois deals with deep pension debt
Mar 23, 2010
Critics of Illinois's budget are calling for reform to the state's pension assessment. The retirement system is nearly $80 billion in debt, the largest unfunded pension liability in the nation. Jay Field reports.
The retirement city where people work
Mar 12, 2010
Things don't always go as planned for retirees moving to places like Bend, Ore. Ethan Lindsey reports.
Help for aging parents-in-law
Chris Farrell Mar 10, 2010
Question: My parents in law are 89 and 90 yrs old and have $300,000 in assets. My father in law is a retired military officer but if he dies, our...
A recession may be good time to retire
Tess Vigeland Jan 18, 2010
Jonathan Clements, former personal finance columnist for the Wall Street Journal, says recessions can be great times for retirement. He shares his view with host Tess Vigeland.
Monthly pension benefits into IRA?
Chris Farrell Dec 31, 2009
Question: Can monthly pension benefits be deposited directly into an IRA and be treated as a rollover thus deferring taxes? Question: Can monthly...
What to do with mortgage payoff?
Chris Farrell Dec 23, 2009
Question: Hello, @ 78 yrs of age, am looking for the best place to put a mortgage payout, besides the coffee can in the garden. {Hope you don't...
Books on retirement
Chris Farrell Nov 12, 2009
Question: There seems to be lots of books and articles about how to save your money for retirement, but not too much about creating a strategy for...
Take Social Security now or later
Chris Farrell Nov 4, 2009
Question: I am still employed and am almost 67 years young. Is better to wait till I am 70 1/2 to collect Social Security benefits or take them now...
SEC to look at retirement investing risks
John Dimsdale Nov 3, 2009
Mary Schapiro, head of the Securities and Exchange Commission, says regulators will step up their scrutiny of retirement investments. John Dimsdale reports.
Pension funds turn back the clock
Oct 16, 2009
When the economy tanked, government workers watched their pension funds dwindle. Now, in an effort to recover the cash, some funds are resorting to the kind of risky investments that led to the financial crisis in the first place.
