Defined Contribution

A former Detroit university professor is pledging $5 million and hoping to spark a wildfire of private financial support to protect valuable art from being sold to pay creditors in the city's bankruptcy.

Achieving retirement readiness is more about controlling emotions than it is about understanding the next great investment fad.

The American work force is embracing the DC plan as an integral part of the retirement process.

A study of about 85 percent of state and local retirement plans found assets had grown to $2.67 trillion, while liabilities totaled $3.63 trillion by the end of 2012.

More than nine of 10 Americans say they feel it would be at least somewhat helpful is they were given projections of their retirement income.

The Dow Jones industrial average fell 38 points, or 0.3 percent, to 15,850 in the first hour of trading.