Government Pension ‘Millionaires’ Outearn Private Sector
A private-sector worker would need a 401(k) balance of $768,940 to match the retirement income of his public-sector counterpart, writes Andrew Biggs of AEI.
What’s Your State’s Dividend Income Tax?
Some states collect no extra tax on top of the federal dividend income tax, while some add an additional levy as high as 13.3%.
20 Best & Worst U.S. Cities for Saving Money
Savers don’t get much help today, but a new survey by GoBakingRates found that some cities may be easier to save in than others.
SEC, FINRA Enforcement: 3 Busted in Fake Movie Scam
Former Merrill broker gets 10 years for Ponzi scheme; RBS settles mortgage-backed securities suit for $275 million.
GOP Jumps on Minimum Wage Job-Loss Report
The CBO report said boosting the minimum wage may cost as many as 500,000 people their jobs.
Northern States at Top, Southern States Bottom, in Income Security
The number of Americans living paycheck to paycheck reaches farther up the income scale than stereotypes might suggest.
Fed to Start Tapering, Easing QE Program
Chairman Ben Bernanke said that further tapering would “be data dependent,” but the Fed would “probably do a measured reduction” at each meeting.
Budget Deal Heads for Likely House Passage
Speaker John Boehner criticized conservative groups for opposing it; Senate Majority Leader Harry Reid said "neither side got everything it wanted."
New Hire Roundup: FSI Names Valerie Brown, Others to Key Posts
Execs of Cetera, Raymond James, Cambridge and First Allied will take key roles at FSI. Meanwhile, a Vanguard fund manager resigns.
20 Best & Worst Cities for Pension Funding
The woes of public pensions are big news, but not all are in crisis.