WASHINGTON — The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.
About 12 million people across the U.S. have money socked away, in most cases by their parents, in special savings accounts meant to be used to pay for college.
A 14-year-old student thinks he has calculated a way to save the U.S. government more than $100 million per year, and it’s as simple as changing typefaces. The answer is to require all printed documents to be written in the … Continue reading
- NEWSHOUR WEEKEND
Credit unions in four states offer a lottery that gives savers the chance to win small monthly prizes or a yearly grand prize — even if you don’t win you get to keep the money you put in, plus interest. Supporters of this approach say it appeals to low and moderate income households; who have a harder time building assets. Continue reading
- NEWSHOUR WEEKEND
Justin Fox, the executive editor of the Harvard Business Review Group and author of "The Myth of the Rational Market" has studied the Dutch pension system extensively. He discusses what aspects of the system — mandatory savings, annuitized payments, national pools — might work in the United States. Continue reading
President Obama raised the threshold for higher tax rates to households making $400,000 annually and offered spending cuts, but Republicans held that the White House’s plans don’t go far enough on spending cuts. Judy Woodruff talks to The Wall Street Journal’s Carol Lee and WNYC’s Todd Zwillich about the battle for an agreement. Continue reading
Wall Street may not have moved much on Friday, but throughout October, the closing bell brought good tidings for investors more often than not. Judy Woodruff reports on the best month for the markets in more than a decade. Continue reading
This is a compendium of retirement shortfall facts, presented in graphic form by Making Sen$e reporter/producer Elizabeth Shell. As should always be your habit with poll data, don’t try to take the actual numbers to the bank. But as rough … Continue reading
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here’s Thursday’s query: Name: Fred Damato Question: Would this work to jump start the economy? Give all citizens … Continue reading
Name: Fred Damato Question: Would this work to jump start the economy? Give all citizens (with incomes up to $250,000) the option to withdraw some or all of their retirement savings tax free if they pay all cash for a … Continue reading