Mary Schapiro, head of the Securities and Exchange Commission, says regulators will step up their scrutiny of retirement investments. John Dimsdale reports.
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.
Senior citizens and others who count on income from Social Security most likely won't get a cost-of-living adjustment in 2010 because the recession has put the brakes on inflation. But for many, the cost of living is still going up. Tamara Keith reports.
Tess Vigeland and Chris Farrell talk to listeners about how to invest an inheritance, how to get the most of a lost loved one's financial legacy and what happens if a bike rider is hit by an uninsured driver.
The California Public Employees' Retirement System, or CalPERS, is suing the country's three largest credit-rating agencies for "negligent misrepresentations." But the First Amendment is likely to come into play. Bob Moon reports.
