Generally speaking a 270 point rise in the Dow Jones industrial average — like that on Friday — is a good thing for investors and 401(k)s, generally. 218 more words
Tags » 401(k)s
Data is coming in for public pensions carried by local and state governments in reference to debt held.
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The 25 largest U.S. public pension systems face about $2 trillion in unfunded liabilities, showing that investment returns can’t keep up with ballooning obligations, according to Moody’s Investors Service.
By Nevin Adams, EBRI
My wife is fond of recounting one of our early dates when we ran out of gas. Now, we were in the heart of a Chicago suburb at the time, not the middle of nowhere, and while the hour was late, I continue to maintain that it was a simple case of my misreading the gas gauge in a relatively new car with which I hadn’t yet gained a full appreciation for just how far I could push such things. 498 more words