Retirement

Overspending in retirement is a huge issue, in large part because people dont know how much they have saved and they take too much out of their savings when they do retire.

General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses, officials announced Wednesday.

Two Republican senators unveiled a Medicare rescue plan Thursday that features an accelerated transition to private health insurance for many seniors, a gradual increase in the eligibility age, and higher premiums for middle-class and upper-income retirees.

Congressional leaders are gauging lawmakers' reactions to a tentative deal extending a 2 percentage-point payroll tax cut and extra jobless benefits through 2012, a pact bargainers reached after House Republicans conceded that the tax cut would not have to be paid for with spending cuts.

The group of NFL retirees that was a part of the labor talks during the lockout last year has not given up their push for better post-career care.

The Federal Reserve delayed its decision again on Capital One's proposed $9 billion acquisition of ING Direct.