Altering of 401(k) Tax Incentives Alarms Retirement Industry
With so many people covered by 401(k)s, it’s clear that the impact of changes to their tax treatment could be substantial.
Limiting 401(k) Subsidies: Smart Deficit Reduction or Dumb Double Taxation?
A 28% cap on retirement deductions was just one of 15 deficit-cutting proposals of the Brookings Institution’s Hamilton Project.
How to Fix Social Security While Averting Fiscal Ruin: Pozen
Bob Pozen knows how to fix Social Security, even after the United States falls off the new fiscal cliff—and the U.S. will fall, on March 1 to be exact, he says.
Lagarde Seeks IMF Relevance in Southeast Asia
After the 1997 Asian financial crisis compelled some countries to adhere to IMF austerity policies, feelings ran high against the institution and spurred nations in the region to take steps to handle their own financial well-being.
Deficit Reduction Deal: 3 Dueling Plans to Achieve It
As the politicians prepare their negotiation stances ahead of Friday's White House budget talks, liberal and conservative economists are offering their ideas on how to solve America’s growing fiscal gap.
Charles Biderman, Jeremy Siegel and Others on Today’s Market: Ground Floor or Precipice?
One fund exec who's held 80 meetings with advisors since April says they all ask the same thing: How do I get my clients out of cash and bonds?
Greenspan to Wall Street: Drop Dead
At SIFMA’s annual meeting in New York, former Fed chairman advocates letting big banks fail.
Bob Pozen Pushes to Protect Pensions With ‘Realistic’ Discount Rate
Companies are making their plight even worse by pushing for unrealistically high discount rates, MFS Investment Management Chairman Emeritus Bob Pozen warns.
U.S. Poverty Nearing Highest Rate Since 1965
Ahead of Census figures, analysts estimate that one in six people were poor in 2011, and they don't see the numbers improving soon.
Is the U.S. a Declining or Gutsy World Power? News Analysis
It is precisely the lack of guts today that has furthered economic decline and fomented geopolitical instability, and that is unworthy of the military heroes whose sacrifices enabled a more vigorous America.