Retirement

California Gov. Jerry Brown on Wednesday ordered state agencies to recover millions of dollars in salary and travel advances that were given to state workers but never repaid.

Kansas legislators are beginning work next week on the final version of a bill dealing the long-term funding problems of the pension system for teachers and government workers.

John Hancock Financial announced Wednesday the results of its 2011 cost of care study, which found that long-term care (LTC) costs have continued to increase, but not as much as other goods and services.

Twenty-five states reported a double-digit percentage increase in the number of residents with long-term care insurance according to annual data compiled by the American Association for Long-Term Care Insurance (AALTCI).

Illinois lawmakers set aside billions of dollars Friday to pay debts and pension costs, despite Republicans' arguments that it makes little sense to pass part of the state budget without a plan for the rest.

African Americans are optimistic about achieving their financial goals, even though they lack relationships with financial advisors.

The Hawaii Senate on Tuesday rejected a proposal to begin taxing pension income, greatly diminishing its chances of becoming law.

Michigan no longer would boast the nation's most generous tax breaks for seniors if a compromise plan to tax retirement income announced Tuesday becomes law.