Cryptocurrencies haven’t quite delivered on their revolutionary promises. But they are messing with the stock market. This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. Cryptocurrencies have been around for 12 years now, and for much of that time, they were a fairly easy
Retirement
The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation. The search for high returns takes many pension funds far and wide, but the Pennsylvania teachers’ fund went farther than most. It invested in trailer park chains, pistachio farms, pay phone systems
For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their savings. The pandemic stymied adults who hadn’t started saving for retirement, the number of workers taking withdrawals from their 401(k)s last year
Even if your finances weren’t devastated by the pandemic recession, many Americans have not yet started saving. Here’s what you can do. For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their
Two books provide financial advice for the immediate issues and for retirement. But for deep problems you are likely to need additional help. Two books are intended to help people who are worried about their finances in the midst of this painful pandemic. One suggests ways of improving your situation right now. The other focuses
It’s not clear how many of President Biden’s expected proposals would become law, but it may be better to pay taxes now, when you know the rates. President Biden has already made clear his tax priorities. His proposed $1.9 trillion pandemic relief bill would cut taxes for lower- and middle-income Americans, and he is expected
Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits. WASHINGTON — A frustrated Supreme Court heard arguments on Monday in a securities fraud class-action case against Goldman Sachs, with several justices indicating puzzlement about what they were meant to do in light of
And homes on courses are the place to be now, not something you save for vacation or retirement. For the first 15 years of his career developing real estate focused around golf courses, Mike Meldman had never really played. “I didn’t golf at all. The golf was an amenity to sell the real estate,” he
The new legal classification, which follows a U.K. court ruling last month, will entitle the workers to more pay and benefits, but stops short of making them employees. LONDON — For years, Uber has successfully deployed armies of lawyers and lobbyists around the world to fight attempts to reclassify drivers as company workers entitled to
Millions have left the labor force in the last year, many home with children or health concerns. The statistics may not reflect their aspirations. Robert Hesse was expecting an imminent promotion to manager of Sub Zero Ice Cream, a nitrogen ice cream shop in Ventura, Calif., when it shut down in March because of the
Advertisement Continue reading the main story Supported by Continue reading the main story The Labor Department will not enforce two Trump-era rules regulating retirement plans. March 11, 2021, 9:25 a.m. ET The Biden administration will not enforce two Trump-era rules involving retirement plans, including one that effectively discouraged administrators for those plans from choosing investments
Biden’s Stimulus Plan What’s Next Reconciliation, Explained Fact Check $15 Minimum Wage Where Trump Voters Stand Advertisement Continue reading the main story Supported by Continue reading the main story your money adviser Don’t Pay Tax Penalties on Money You Took From Retirement Accounts Here’s a guide to avoiding unnecessary taxes on withdrawals made last year.
Advertisement Continue reading the main story Opinion Supported by Continue reading the main story Too Much Choice Is Hurting America Learning from subprime, health care and electricity. Opinion Columnist March 1, 2021, 7:00 p.m. ET Credit…Peter van Agtmael/Magnum Photos Dan Patrick, the lieutenant governor of Texas, is clearly what my father would have called a
Advertisement Continue reading the main story DealBook<!– –> Business and Policy Supported by Continue reading the main story To Plug a Pension Gap, This City Rented Its Streets. To Itself. Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under
Paula Brynen has been finding a sense of purpose in volunteer work for years — and even more so after her job as a fund-raiser for public television in California was eliminated two years ago. Having survived leukemia in 2011, she volunteers with the local chapter of the nonprofit Leukemia & Lymphoma Society, work that
Social Security has always seemed like a future problem, with experts long predicting a benefits squeeze in the decades ahead. But the coronavirus has put tens of millions of Americans out of work, and economists are predicting that the recovery will take years. That means the future is now. If nothing is done to shore
TOKYO — For more than a decade, Setsuko Hikita spent her working days selling snacks and newspapers in the bowels of Tokyo’s bustling metro system. Amid the chaos of morning commutes and the scramble to catch the last train home, she kept her employers’ tiny kiosks a haven of well-ordered commerce. Her company once awarded
When Dray Farley was 15, he watched a video his favorite gamer had posted on YouTube. But it wasn’t about Call of Duty. “It was how to get rich in 22 years, and the general math and concept of compound interest, the snowball effect, and how eventually your gains are making gains,” Mr. Farley said.
Advertisement Continue reading the main story Supported by Continue reading the main story Your Money A New Way to Invest for the Vengeful and the High-Minded Big investment managers are buying up companies that help with so-called direct indexing, which offers clients a way to boot individual companies from their portfolios. It has tax benefits,
Advertisement Continue reading the main story Supported by Continue reading the main story retiring Female Workers Could Take Another Pandemic Hit: To Their Retirements Unequal job losses now will translate into smaller nest eggs and Social Security benefits down the road. “Women can’t be full participants in the labor force and pay into their retirement