Associate Editor, Forbes
Associate Editor, Forbes
forbes.com — Photo credit: Wikipedia Average 401(k) balances reached record highs at the end of the first quarter, according to Fidelity Investments , which administers accounts for 12.3 million employee participants. The overall average 401(k) balance reached $80,900 at the end of the first quarter, up 75% from the market low during the first quarter of 2009 when the average balance dropped to $46,200.
entertainment.nbcnews.com — David Livingston / Getty Images file The "Scrubs" theme song, "I'm no Superman," has a line that goes, "You gotta work to feed the soul but I can't do this all on my own." The show's former star, Zach Braff, apparently has taken that to heart and in so doing has sparked one of the biggest Hollywood controversies of the year.
forbes.com — Photo credit: Wikipedia Have you included health care costs in your retirement number? $220,000 is what Fidelity Investments figures a 65-year-old couple retiring this year will need-not including nursing home care-to cover health care costs in retirement. The number is down from last year's $240,000 estimate.
medcitynews.com — WASHINGTON - Despite a three-year-old order from Congress, Medicare has yet to begin an experiment to expand hospice services to allow beneficiaries to continue potentially lifesaving treatments to see if it would save money while improving the patients' quality of life.
forbes.com — Co-organizer of Washington DC Tea Party JoAnn Abbott listens during a Tea Party Town Hall meeting February 8, 2011 at the National Press Club in Washington, DC. (Image credit: Getty Images via @daylife) Let's start with the obvious. Those IRS employees who singled out conservative groups for scrutiny over their tax-exempt status were wrong, wrong, wrong.
forbes.com — Photo credit: Wikipedia Key factors about credit scores continue to be widely misunderstood, and the misconceptions are potentially costing consumers tens of thousands of dollars, according to a conference held today by the Consumer Federation of America and VantageScore Solutions, a FICO competitor.
abcnews.go.com — Bank of America is suing two Atlanta real estate companies and their executives for defaulting on over $4.5 million in loans, asking one executive to hand over his valuable artwork collection, including the proceeds from the sale of an Andy Warhol painting of Dolly Parton, to cover part of their...
forbes.com — Are you going to run out of money in retirement? Given the current low interest rate environment, it's a real risk. About a quarter of baby boomers and Gen Xers who would have had adequate retirement income under historical average returns run short of money in retirement if today's low rates are permanent, figures Jack VanDerhei, research director of the Employee Benefits Research Institute.
forbes.com — If you are a tax geek, or even a normal person who wants to keep up with the ongoing debate over restructuring the tax code, download a copy of the congressional Joint Tax Committee's Tax Reform Working Group Report. It is 568 pages long, doesn't have much of a plot, has no [...]
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