Dec 11, 2013
When Janet Yellen replaces Ben Bernanke at the helm of the Federal Reserve in February, she will be getting more responsibility and taking an annual pay cut of $167,800.
Dec 6, 2013
Illinois has one of the most troubled pension plans in the country. According to one estimate, Illinois had funded only 43 percent of its future obligations, the lowest level of any state.
Dec 4, 2013
Health insurance stocks, as a group, are up more than 150 percent since the Affordable Care Act became law. This is almost twice as much as the Standard & Poor's 500, which has gained about 85 percent over that same time.
Nov 27, 2013
The electronic currency bitcoin has exploded in value. The value is changing constantly but a bitcoin traded for as little as $2.30 within the past two years and as much as $900 within the past few weeks.
Nov 22, 2013
Financial planners like to point out that no one can time the market. Technically, they are correct because no one can perfectly forecast every market turn.
Nov 20, 2013
Fidelity recently noted that the average 401(k) account balance is now more than $84,000, a record high. Using standard financial planning advice, this amount would provide $210 a month in income.
Nov 15, 2013
Many analysts are arguing stocks are set to benefit from a generational shift out of bonds, as retirees seek higher income. This would boost stock prices, but Federal Reserve data show individual investors have very little invested in bonds.
Nov 13, 2013
Large endowment funds often earn above-market returns because, as Yale Endowment Fund CIO David Swenson has explained, they have access to better investment managers than do average individual investors. But those investment managers can also lead endowments to large losses.