The Federal Reserve on Wednesday reaffirmed its commitment to a highly accommodative monetary policy, maintaining a near-zero federal funds rate at least through the end of next year.
The "Strengthen Social Security" campaign says rumors of the program's demise are greatly exaggerated; a $2.7 trillion surplus is on the books at present.
Major countries may need to set aside half of the GDP to pay for the long-term costs of an aging population that will likely live three years longer apiece by 2050.
Facing a $45.2 billion unfunded liability to their pension fund, Michigan public teachers may have to pay higher pension contributions and delay their retirement.
MassMutual's Retirement Services Division was named "Retirement Leader of the Year" at the 19th Annual Mutual Fund Industry Awards held in New York on April 5.