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Pensions

Solving America's Infrastructure Crisis

Michael Likosky | Posted 04.16.2015 | Business
Michael Likosky

Most Americans are now well aware that we have an infrastructure crisis that goes beyond long commute times. We all nod in agreement when some of our airports are likened to those of Third World countries.

The Four Financial Plans Every Gay Couple Should Make Before They Get Married

Michael Most | Posted 04.08.2015 | Gay Voices
Michael Most

One day soon, same sex couples won't have to play hopscotch with financial equality and inequality, but until then, good financial planning can help ensure you come out a winner.

How Retirement Became so Risky

PaladinRegistry.com | Posted 04.08.2015 | Money
PaladinRegistry.com

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.

Pot for Pensions

Steve Siebold | Posted 04.07.2015 | Politics
Steve Siebold

Huge municipalities like Chicago and Phoenix are drowning in underfunded pensions. Can tax revenue from legalized marijuana save the day?

Illinois' Pensions System Saw One Important Change in 1989

Matthew Dietrich | Posted 04.03.2015 | Chicago
Matthew Dietrich

On June 30, 1989, the Illinois Senate debated Senate Bill 95, a mammoth, "omnibus" pension bill that made more than 100 changes to the state pension code. For taxpayers, public employees and the five public pension systems controlled by state government, however, the bill made one change that, arguably, set the course for the pension crisis that plagues the state today.

Public Education and the Ability to Do Math in Chicago

Alana Baum | Posted 03.25.2015 | Chicago
Alana Baum

Our challenges are immense and urgent. But we have dedicated educators and families, and a mayor who's proven he'll take the heat to work on our budget. If we responsibly fund education, then even during tough times, we have so much to feel optimistic about.

Illinois' Pension Reform Opens the Door for Some Confusing Politics

Matthew Dietrich | Posted 03.19.2015 | Chicago
Matthew Dietrich

To those who have followed the epic Illinois pension reform battle over the past three years or so, Wednesday's arguments before the Illinois Supreme Court in a landmark pension reform lawsuit may have been disorienting.

Illinois' Pension Reform: Supreme Court Hears Oral Arguments

Matthew Dietrich | Posted 03.13.2015 | Chicago
Matthew Dietrich

The three Republican justices on the Illinois Supreme Court appeared to be the biggest skeptics of the state's case in the Illinois pension reform lawsuit. That's not what most observers expected as both sides presented their arguments to the seven members of the court.

I'm Retired So Now What Do I Do With My 401(k)?

PaladinRegistry.com | Posted 03.13.2015 | Money
PaladinRegistry.com

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.

Stay Up to Speed on Illinois' Pension Crisis With This Three-point Refresher

Matthew Dietrich | Posted 03.05.2015 | Chicago
Matthew Dietrich

Illinois faces a major pension-funding problem. The state's Supreme Court is set to hear a case over whether or not a proposed reform, Senate Bill 1, is constitutional. Here are three things you should remember when thinking about the state's pension crisis.

Rauner's Illinois Pension Plan a Budget 'Booby Trap'?

Matthew Dietrich | Posted 02.23.2015 | Chicago
Matthew Dietrich

Back in December, Gov.-elect Bruce Rauner said Democrats had concocted a "booby-trap budget" that would detonate just as he took office. He was right. But is Rauner setting another trap with a new pension reform plan he proposed last week? Rich Miller of Capitol Fax explains.

Federal Officials From Illinois Raking in Hundreds of Thousands of Dollars in Taxpayer-Funded Pension Payments

Matthew Dietrich | Posted 04.14.2015 | Chicago
Matthew Dietrich

Illinois may be facing its own state pension crisis, and many federal elected and appointed officials from Illinois are also facing giant national pen...

Gov. Bruce Rauner's Executive Order Stops Mandatory 'Fair Share' Illinois Public Employee Union Fees

Matthew Dietrich | Posted 04.12.2015 | Chicago
Matthew Dietrich

Gov. Bruce Rauner on Monday declared that Illinois state employees who do not wish to belong to a union can no longer have "fair share" fees deducted from their paychecks. In doing so, he likely set in motion a legal proceeding that will be decided by the U.S. Supreme Court and could have a major effect in labor law across the country.

Ben Walsh

A Day In The Life Of Private Equity Giant TPG

HuffingtonPost.com | Ben Walsh | Posted 02.02.2015 | Politics

How do private equity firms assure investors that they really do get up every day and work hard to deliver great returns? Part of the answer is by sho...

4 Key Variables of the Retirement Equation

Barry N. Koslow, J.D. | Posted 03.30.2015 | Money
Barry N. Koslow, J.D.

There are many things to consider when contemplating retirement. It is one of life's sea changes and if not carefully considered, there can be many surprising outcomes.

Crystal Ball 2015: Top 4 Hot Investments, with 4 Investor Alerts.

Natalie Pace | Posted 03.27.2015 | Money
Natalie Pace

Here are my predictions for 2015, to make your year rich in returns and light on costly mistakes.

Illinois medical marijuana program leaves questions

Matthew Dietrich | Posted 03.17.2015 | Chicago
Matthew Dietrich

The headline on a Daily Beast article Wednesday gives Illinois government way too much credit: "Illinois' Absurd Fight to Block Medical Marijuana." T...

Do Financial Advisers Work for You or Wall Street?

Liz Shuler | Posted 03.09.2015 | Politics
Liz Shuler

Did Wall Street win on Election Day? The U.S. Department of Labor's watchdog agency charged with protecting pension and retirement savings is on the verge of issuing new worker and retiree protections.

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.

Beyond Gov. Quinn's Much-Questioned Appointment: Should the Illinois Sports Facility Authority Even Exist?

Matthew Dietrich | Posted 02.17.2015 | Chicago
Matthew Dietrich

While Illinoisans wonder what to do with that part of the state's financial question, one Illinoisan in particular is being singled out for his influence over one of Illinois' very biggest financial questions.

4 Ways Congress Just Screwed Up Pensions

Ann Brenoff | Posted 02.14.2015 | Fifty
Ann Brenoff

When the Senate approved the omnibus spending bill to prevent the government from shutting down, it also delivered a blow to some retirees who collect pensions. In a little-discussed provision of the bill, certain multi-employer pension plans were given the go-ahead to reduce pension checks to current recipients by up to 60 percent. Didn't see that coming, did you?

The Budget Deal: This Is Who They Are

Robert L. Borosage | Posted 02.11.2015 | Politics
Robert L. Borosage

Consider these the early slush of the coming Republican winter, the first returns on investment for their donors. Tucked into the 1,603-page bill to fund the government -- that no legislator will read -- are cankerous riders, foreshadowing what is to come.

5 Reasons a Comfortable Retirement Is More Uncertain Than Ever

Barry N. Koslow, J.D. | Posted 02.04.2015 | Money
Barry N. Koslow, J.D.

For all but the wealthiest, a guarantee to a comfortable retirement does not exist, and changes in the law, business practices and the economy are making it all the more elusive.

Illinois' pension reform questions mean the state's financial future is uncertain

Matthew Dietrich | Posted 01.26.2015 | Chicago
Matthew Dietrich

Illinois' December 2013 pension reform law was deemed unconstitutional Nov. 21 by a Sangamon County Circuit Court judge. The issue is likely headed ...

How Big Money Lost -- And Workers Won -- in Phoenix

Jordan Marks | Posted 01.18.2015 | Politics
Jordan Marks

Proposition 487, which would have ended pensions for Phoenix firefighters, police officers, and thousands of other public workers and moved them into risky, privatized plans, went down in flames at the ballot box last Tuesday by over 10 percentage points.