Bypassing Equity Funds, Wealthy Families Try Direct Investing
The very rich are exploring direct investments into private companies. Key factors include a desire for more control despite the risks.
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Greece Backs Away From Online Ad Tax
The government has withdrawn a proposed 21.5 percent levy on internet advertising that was meant to pay for the retirement of journalists working in online media.
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In Forceful Move to Combat Its Debt, Greece Approves a Pension Bill
ATHENS — Greece took a big step toward overhauling its debt-plagued economy on Thursday by forcing through a pension bill that would sharply pare down the country’s welfare state by increasing the retirement age and reducing benefits. For Prime Minister George Papandreou, who commands a seven-member majority in Parliament, the bill represents the beginning of the end of the cradle-to-grave state compact that his father put in place as prime minister in the early 1980s.
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Labor Officials Release New Rules on 401K Fees
DES MOINES, Iowa (AP) — The Department of Labor released new rules on Thursday designed to force companies that provide 401(k) plans and services to employers to spell out all the fees charged.
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Mo. Lawmakers Approve State Pension System Changes
JEFFERSON CITY, Mo. (AP) — The good pension perks of government work are about to lose a bit of their luster for new Missouri employees.
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For Many, Retirement Savings May Come Up Short
A third of middle-income workers will likely run out of money after 20 years of retirement and significantly more lower-income workers will deplete their savings after 10 years, according to a new study released Tuesday.
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Finance Bookshelf: Retirement, Investing, Suckers
Summer vacation reading doesn’t have to be just thrillers and other page-turners. Learning a thing or two about money while on the beach or in the hammock can be satisfying, too.
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To Combat Debt, Greece Approves a Pension Bill
The plan represents the beginning of the end of the cradle-to-grave state compact begun in the early 1980s.
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Greece Approves Pension Reform Amid Protests
ATHENS (Reuters) – Greek lawmakers approved sweeping pension reforms on Thursday as part of measures aimed at pulling the troubled euro zone nation out of a debt crisis, while thousands of striking workers took to the streets.
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Greece Approves Pension Overhaul Despite Protests
The government took a major step forward in overhauling its economy by forcing through, in principle, a pension bill that would increase the retirement age and slash benefits.
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