Census data shows wealth and poverty of California cities
Shereen Marisol Meraji Sep 24, 2012
Fresno, California is one of the nation's poorest regions. Just three hours away, San Jose is one of the richest.
GM's pension buyout sets corporate example
Stacey Vanek Smith Jun 6, 2012
General Motors' move to cut pensions costs is likely to copied by other companies struggling with underfunded plans for retirees.
San Jose pension vote could set precedent
Peter Jon Shuler Jun 5, 2012
Voters in the California city today are considering slashing public employee pensions in a ballot initiative that could set a precedent for other cities.
To annuitize or not to annuitize -- with apologies to Shakespeare
Chris Farrell Mar 29, 2012
I am ready to convert my 401(k) into an IRA. I am 61 years old and want to start taking annual distributions. The current balance in the 401(k) is $562,000 and I would like to withdraw 4 percent annually. Fidelity Investments is recommending a Guaranteed Annuity of $400,000 and the remaining in a managed portfolio fund (balanced). The annual fee for annuity is 1.90 percent of the balance and the managed portfolio 1 percent. These are the only fees. There is a 2 percent penalty if withdrawn within the first 5 years. Is this a good option, or should I keep the money in moderate conservative index funds? Emma, Las Cruces, NM
