More and more, larger employers are offering “wellness” programs that can coach people to better manage their money, combining digital tools and a human touch. Soni Kapoor wanted to stay ahead of the game on his personal finances and retirement planning. As the product marketing manager for the Silicon Valley tech firm Synopsys, Mr. Kapoor
Retirement
A unit of TIAA, the investment firm that runs retirement plans for many educators and others, will pay $97 million to settle charges from both the Securities and Exchange Commission and New York State that it misled thousands of investors. Attorney General Letitia James of New York said the company had “relied on its reputation
It was February 2020. Brittany Jones had high expectations for the Atlanta-based Airbnb rental business she had just launched. “‘Oh wow, this is going to be great,’” she said she remembers thinking. “We were getting bookings fast, well into the summer.” The 34-year-old single mom was soon pouring her hard-earned savings into the venture as
Women tend to live longer than men, so they need as much retirement income as possible. Whether you’re 30 or 60, here’s what you need to know. As a single woman with no children, Karen Callahan is putting together the financial pieces that will protect her for a potentially long life on her own. A
Cryptocurrencies haven’t quite delivered on their revolutionary promises. But they are messing with the stock market. This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. Cryptocurrencies have been around for 12 years now, and for much of that time, they were a fairly easy
For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their savings. The pandemic stymied adults who hadn’t started saving for retirement, the number of workers taking withdrawals from their 401(k)s last year
The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation. The search for high returns takes many pension funds far and wide, but the Pennsylvania teachers’ fund went farther than most. It invested in trailer park chains, pistachio farms, pay phone systems
Even if your finances weren’t devastated by the pandemic recession, many Americans have not yet started saving. Here’s what you can do. For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their
Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits. WASHINGTON — A frustrated Supreme Court heard arguments on Monday in a securities fraud class-action case against Goldman Sachs, with several justices indicating puzzlement about what they were meant to do in light of
And homes on courses are the place to be now, not something you save for vacation or retirement. For the first 15 years of his career developing real estate focused around golf courses, Mike Meldman had never really played. “I didn’t golf at all. The golf was an amenity to sell the real estate,” he
The new legal classification, which follows a U.K. court ruling last month, will entitle the workers to more pay and benefits, but stops short of making them employees. LONDON — For years, Uber has successfully deployed armies of lawyers and lobbyists around the world to fight attempts to reclassify drivers as company workers entitled to
Millions have left the labor force in the last year, many home with children or health concerns. The statistics may not reflect their aspirations. Robert Hesse was expecting an imminent promotion to manager of Sub Zero Ice Cream, a nitrogen ice cream shop in Ventura, Calif., when it shut down in March because of the
Advertisement Continue reading the main story Supported by Continue reading the main story The Labor Department will not enforce two Trump-era rules regulating retirement plans. March 11, 2021, 9:25 a.m. ET The Biden administration will not enforce two Trump-era rules involving retirement plans, including one that effectively discouraged administrators for those plans from choosing investments
Biden’s Stimulus Plan What’s Next Reconciliation, Explained Fact Check $15 Minimum Wage Where Trump Voters Stand Advertisement Continue reading the main story Supported by Continue reading the main story your money adviser Don’t Pay Tax Penalties on Money You Took From Retirement Accounts Here’s a guide to avoiding unnecessary taxes on withdrawals made last year.
Advertisement Continue reading the main story Opinion Supported by Continue reading the main story Too Much Choice Is Hurting America Learning from subprime, health care and electricity. Opinion Columnist March 1, 2021, 7:00 p.m. ET Credit…Peter van Agtmael/Magnum Photos Dan Patrick, the lieutenant governor of Texas, is clearly what my father would have called a
Advertisement Continue reading the main story DealBook<!– –> Business and Policy Supported by Continue reading the main story To Plug a Pension Gap, This City Rented Its Streets. To Itself. Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under
Paula Brynen has been finding a sense of purpose in volunteer work for years — and even more so after her job as a fund-raiser for public television in California was eliminated two years ago. Having survived leukemia in 2011, she volunteers with the local chapter of the nonprofit Leukemia & Lymphoma Society, work that
Social Security has always seemed like a future problem, with experts long predicting a benefits squeeze in the decades ahead. But the coronavirus has put tens of millions of Americans out of work, and economists are predicting that the recovery will take years. That means the future is now. If nothing is done to shore
TOKYO — For more than a decade, Setsuko Hikita spent her working days selling snacks and newspapers in the bowels of Tokyo’s bustling metro system. Amid the chaos of morning commutes and the scramble to catch the last train home, she kept her employers’ tiny kiosks a haven of well-ordered commerce. Her company once awarded
When Dray Farley was 15, he watched a video his favorite gamer had posted on YouTube. But it wasn’t about Call of Duty. “It was how to get rich in 22 years, and the general math and concept of compound interest, the snowball effect, and how eventually your gains are making gains,” Mr. Farley said.