Retirement Trends

With the willing assistance of Washington state political leaders, Boeing shamelessly bullied Machinists union members into a corner and twisted their arms into accepting a new contract that ends their traditional defined-benefit pension.

Stocks turned lower today as the Feds statement said officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast.

The Federal Reserve will taper its quantitative easing by another $10 billion to $55 billion a month because it thinks the economy is strong enough.

A survey found that 57 percent of respondents are bullish on the investment outlook for the next 12 months, compared to 53 percent in 2013.

New Jerseys public-pension fund, the 12th-largest in the U.S., returned 10.7 percent in the first seven months of the fiscal year as stocks surged.

Many Americans greatly underestimate the amount of savings they may need to cover health care costs in retirement.