Should you be nervous? Prudential, the big dog in this business, says calm down. It has your back.
Sen. Tom Harkin refined his idea on how to help Americans with their retirement security, and it’s a good one.
Last week the nation’s third-largest public pension fund announced it had established a pension abuse reporting hotline. The California State Teachers’ Retirement System’s new hotline enables anyone to anonymously report cases of suspected pension abuse, such as incidents of “pension spiking.” That’s a slick retirement planning maneuver practiced by some public-sector employees to work overtime
Not too long ago, if you had a job at the post office, you took job security for granted. But yesterday the postmaster general announced layoffs for 7,500 positions. Those who are age 50 with 20 years of service are eligible for early retirement packages — $20,000 to be paid out over two years. A