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Retirees, Workers Deserve to Receive Their Pensions

James P. Hoffa | Posted 09.29.2015 | Business
James P. Hoffa

The golden years of everyday Americans who worked hard for decades to put away money for retirement are increasingly being jeopardized by the nation's pension system. But the Teamsters and a top presidential contender are working hard to change it.

I'm Not Talking to You, Denver Post

Jason Salzman | Posted 05.21.2015 | Denver
Jason Salzman

If you're a journalist, this is the kind of  irony that makes you want to jump into the raging Platte River: Colorado's Treasurer Walker Stapleton is trashing a Denver Post article as "completely misleading," even though Stapleton refused an interview request.

How Many Illinois Pensioners Live Out of State?

Reboot Illinois | Posted 05.18.2015 | Chicago
Reboot Illinois

It's probably not much of surprise that Florida is the most popular state for retirees. But what you might find interesting is that a number of our neighbor states seem to be common choices for retirees from all five pension systems. If anything, that tells you the Midwest's weather is not the only culprit.

Illinois Politicians React to the State Supreme Court Pension Ruling

Reboot Illinois | Posted 05.12.2015 | Chicago
Reboot Illinois

The Illinois Supreme Court delivered their unanimous decision May 8: Illinois' pension reform law, signed by former Gov. Pat Quinn in December 2013, is unconstitutional and cannot stand. Illinois politicians and organizations began to respond right away, some more pleased with the decision than others.

State Supreme Court Tells Illinois It's on the Hook for Pension Payments

Matthew Dietrich | Posted 05.12.2015 | Chicago
Matthew Dietrich

Understandably, retirees and current employees enrolled in the five state pension systems greeted the decision as a victory. And for them it is. Really, though, there are no winners here. This year, just shy of 20 cents of every dollar in state taxes you pay goes toward pensions.

Chicago's Problems Run Much Deeper Than a 76-foot Hole

Hilary Gowins | Posted 05.01.2015 | Politics
Hilary Gowins

Unlike the Spire, Chicago doesn't have to keep sinking. If city officials change the way Chicago handles spending and debt, as well as how it fosters business and jobs growth, the city of big shoulders can boom once more.

Resetting Your Retirement After Divorce

Jason Alderman | Posted 06.23.2015 | Money
Jason Alderman

Starting a new life after divorce introduces many financial challenges. Retirement may seem far away, but it should stay at the top of the list.

How Retirement Became so Risky | Posted 06.08.2015 | Money

Risk management is regarded as an essential element of modern investment management. But few people recognize that retirement -- the period when a person stops working and begins to decumulate their assets -- has now become the riskiest stage of a person's entire financial life.

Are Your Pensions Destroying Our Planet?

Miss Deap Khambay | Posted 05.25.2015 | Business
Miss Deap Khambay

Dr Steve Waygood is responsible for Aviva Investors' analysis, engagement and voting on environmental social and governance (ESG) issues across the £246bn of assets under management.

I'm Retired So Now What Do I Do With My 401(k)? | Posted 05.12.2015 | Money

Financial Planning is not a one-time set it and forget it event, it's a process that must be reviewed for changes over time and adjusted.

Lawyer: The Illinois Supreme Court Has a Lot of Work on Its Hands With Pension Reform Law

Matthew Dietrich | Posted 05.11.2015 | Chicago
Matthew Dietrich

The seven justices have been tasked with judging whether or not the state's failing pension systems can be saved by adopting the 2013 pension reform law. The law, which would dial back some of Illinois' public pension system benefits, was found unconstitutional in a lower court. Now, the highest court in the state will have its say.

Michigan Republicans Need to Stop Lying About Classroom Funding

Dale Hansen | Posted 03.14.2015 | Detroit
Dale Hansen

In the end the fact that people like Ari Adler continue to push the narrative that Michigan Republicans are spending more money on education tells you all you need to know about how devastating this loss of hundreds if not thousands of dollars for the classroom are.

Why 401(k)s Shouldn't Replace Pensions

Michael T. Carrigan | Posted 02.27.2015 | Chicago
Michael T. Carrigan

It's not just basic finance, it's common sense: A large pool of money invested by professionals will yield far greater returns than small, separate accounts managed by individuals with no professional training in finance.

Rick Snyder Is Not a Good Political Leader

Dale Hansen | Posted 01.03.2015 | Detroit
Dale Hansen

If you have watched any of Rick Snyder's election ads you will see that the governor fancies himself a leader, however, since being a leader isn't a title one can just bestow upon one's self the question should be what does the governor's record tell us about his leadership skills.

Should You Say Yes to Your Company's Lump-Sum Pension Offer?

Mike Branch, CFP | Posted 11.26.2014 | Money
Mike Branch, CFP

Are you better off with a lump-sum today or a guaranteed monthly income for life? That's a crystal ball-type of question.

Trying to Encourage Millennials to Save for Retirement? Three Key Factors to Consider

Jerry Patterson | Posted 10.26.2014 | Money
Jerry Patterson

Here are my top three things to consider if you're trying to encourage millennials to save for retirement.

Will You Be Able To Retire?

Bradford M. Pine | Posted 10.13.2014 | Money
Bradford M. Pine

Aside from the question of whether your spouse is ready for you to be around all day, making the decision to retire requires an enormous amount of financial preparation. How do you know if you're ready?

Lump-Sum vs. Income Payments: Why Do So Many Retirees Take the Money and Run?

Jerry Patterson | Posted 10.13.2014 | Money
Jerry Patterson

The moment we're faced with deciding whether to take a lump sum often happens at the moment of retirement, which also means it's the moment our paycheck is turning off. Similar to a light switch turning off.

Should Illinois End Public Employee Pensions?

Matthew Dietrich | Posted 10.05.2014 | Chicago
Matthew Dietrich

Illinois currently has at least $100 billion in unfunded pensions and the amount public workers and all Illinoisans must contribute to the retirement ...

3 Policy Choices That Would Improve Retirement Prospects For Women

Diane Oakley | Posted 07.29.2014 | Fifty
Diane Oakley

So if retirees do not monetize the roofs over their heads, what can the typical working households in the 55 - 64 age group retire on beyond Social Security?

Chicago Pension-Cutting Plan Would Harm City Retirees, Neighborhoods

Henry Bayer | Posted 06.08.2014 | Chicago
Henry Bayer

roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.

March: Women's History Month -- and the Winter of Our Retirement Discontent

Karen Friedman | Posted 05.25.2014 | Fifty
Karen Friedman

There's an old saying, "A woman's work is never done." We think that women should have a right to see that their work is done -- and they should have sufficient income to enjoy the fruits of their labors and to retire in dignity.

Military Pension Bill Advances In Senate

AP | Posted 02.10.2014 | Politics

WASHINGTON (AP) — The Senate has taken the first step toward approving legislation that restores full cost of living increases to pension benefits f...

Military Pension Cuts Prove Hypocrisy of Republicans

Dale Hansen | Posted 03.29.2014 | Politics
Dale Hansen

The question the Republicans who are fighting to restore the cuts to military pensions really need to answer is, what makes all of these other brave men and women who work for the government less deserving of good pay, great benefits and public adoration?

We Need Young People to Become Teachers

Randy Turner | Posted 03.05.2014 | Education
Randy Turner

It is nothing short of a miracle that we still have so many excellent teachers in our schools. I want young people to become classroom teachers. The first step toward making that a reality is to let teachers know they are wanted and valued.