In the News

To retirees, the offers can sound like the answer to every money worry: convert tomorrow’s pension checks into today’s hard cash.

I watched the disturbing Frontline documentary on PBS,The Retirement Gamble, and not surprisingly, I got to thinking about the fees I pay for investing in my retirement accounts.

ALBANY, N.Y.—With the recent indictment of New York politicians like Senator Malcolm Smith and Assemblyman Eric Stevenson, many wonder, can they trust state lawmakers?

"We do a random sample of more than 800 registered voters and our sample looks like the New York electorate both in terms of geography, bipartisan break up, gender, age, income etc. so we do it very carefully to ensure we get a representative sample," said Greenberg. "Voters don't feel really strongly about that legislature and don't have great confidence in them right now."

On a normal day, Sonia Acuña, a petite 41-year old mother of four, puts on her bright red McDonald’s cap and reports to work at a branch of the giant hamburger chain in Chicago’s main rail terminal, Union Station. But today, in cold and drizzling early morning weather, Acuña—still wearing her McDonald’s hat—was out on the street in front of the terminal, striking.

| |

Americans owe more than $1 trillion in student loans — a total that surpasses credit card debt — but millions who are past due on payments are not taking advantage of a program designed to make their debt manageable.

The federal income-based repayment­ program reduces an eligible borrower’s monthly payment based on income, and it forgives the loan balance after up to 25 years. Those who owe more than they earn in a year are probably eligible. And those working in public service fields, such as teachers, can have loans forgiven after 10 years.

NerdWallet underlies its findings with a report by public policy organization Demos from last summer, which added the further frightening fact that among folks investing in 401(k) plans, a full two-thirds had no idea they were payinganything at all for their 401(k) (which actually makes all of the folks who guessed wrong in NerdWallet's poll look pretty smart by comparison).

Wall Street has made it far more likely that you will spend at least some of your golden years eating Fancy Feast.

More than 77 percent of successful candidates in 2012 and all current statewide office holders were publicly financed, a report released Monday found.

|
Jenny Wilson
|

FREDERICKSBURG, Va. -- There's nothing Deidre Duffy would rather do than host a backyard barbecue for a few friends.

"I don't want anything fancy," Duffy, 53, said in an interview next to her black Weber grill. "Give me some charcoal and I'm going to shoot those flames about six feet high, and when they come down -- it's my favorite thing."

As some New York state lawmakers consider publicly financed campaigns to thwart public corruption in state politics, a liberal-leaning public policy think tank has released a report showing how a voluntary public financing system in Connecticut has contributed to a more "representative and responsive" Legislature there since its implementation in 2008.