You’ve spent decades paying taxes on your earnings to fund your own Social Security benefit, but when your higher-earning spouse dies, you start receiving spousal benefits that wipe out your own, albeit smaller, retirement benefit. Is that a fair deal? Social Security expert Larry Kotlikoff doesn’t think so. Continue reading
The day after Bank of America’s record $16.65 billion settlement with the Department of Justice, Making Sen$e looks back at how the bank increased their holdings of risky mortgages and looks forward at whom — from consumers to shareholders — will be affected by the settlement. Continue reading
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University. Continue reading
Economist Milton Ezrati argues that the economic policies of Japanese Prime Minister Shinzo Abe — known collectively as “Abenomics” — aren’t doing enough to address the demographic challenges of an aging population. Japan’s economy, he believes, needs more innovation to break away from a failed economic model. Continue reading
WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
Women and millennials are pushing social impact investing into the mainstream, but their support for gender diverse and environmentally sustainable companies isn’t just about feeling good, says Pax World CEO Joseph Keefe; it’s also about higher shareholder return over the long term. Continue reading
In many cases, getting more Social Security benefits from working longer outweighs the additional Social Security taxes you’d need to pay, says Social Security expert Larry Kotlikoff. Continue reading
Don’t accept a new job, and maybe even consider not quitting your current job, until you’ve seen the employee handbook. That may sound risky, but taking a job without knowing all the terms is risky, says headhunter Nick Corcodilos. Continue reading