- Variable annuity leaves buyers confused
[at MarketWatch] - When an adviser or insurer suggests that the insurance product they sold you isn’t as good as the one they can sell you now, the result is a little slice of mayhem, and a lesson for all insurance consumers.
- Eight ways to fix the U.S. retirement crisis
[at MarketWatch] - Paul Volcker and his troupe, the President’s Economic Recovery Advisory Board, are unlikely to appear on the “America’s Got Talent” stage any time soon. But retirement experts are giving the group, which just issued a 188-page plan to fix the nation’s complicated retirement system, mostly high marks for their effort.
- Retirement package part of Michigan budget plan
[AP] - A plan aimed at enticing a few thousand state workers to retire that could save the state $60 million in its first year is part of a tentative budget deal that Michigan\'s key legislative leaders formally agreed to Wednesday.
- French unions plan new strikes over retirement
[AP] - French President Nicolas Sarkozy vowed Wednesday to press ahead with his contested overhaul of the country\'s pension system and unions promptly announced new national strikes and protests, a day after bringing more than 1 million people to the streets.
- Appeals court upholds judgment against Raytheon
[AP] - A federal appeals court has upheld a lower court ruling requiring Tucson-based Raytheon Missile Systems to restore health care benefits to a group of employees who took early retirement.
- Don\'t tap retirement fund to pay off mortgage
[at MarketWatch] - A MarketWatch Realty Q&A column originally published on Sept. 3 misstated the date that the ALTA Owners Policy form was adopted. The policy was adopted on June 17, 2006, not June 17, 2010.
- Strikes in France, London foreshadow more protests
[AP] - French strikers disrupted trains and planes, hospitals and mail delivery Tuesday amid massive street protests over plans to raise the retirement age. Across the English Channel, London subway workers unhappy with staff cuts walked off the job.
- 2 of 3 holdout unions at Philly newspapers to vote
[AP] - Creditors poised to take over Philadelphia\'s two major newspapers could inch closer to a sale if three holdout labor groups approve contract offers this week.
- French parliament takes up retirement age debate
[AP] - The French parliament has begun debate on government plans to raise the retirement age to 62 as unions held a nationwide strike to protest the move.
- The new young investor: Shunning stocks
[CNNMoney.com] - When 18-year-old Robert White decided to jumpstart his retirement plan, he invested his life savings of $25,000 into an aggressive mutual fund.
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