Retirement Trends

The performance of equities for current retirees is perhaps more important than ever, as many advisors are using stocks and dividend paying stocks to supplant fixed-income and money-market funds, which lag due to low interest rates.

Canada sold 50-year bonds for the first time, locking in yields lower than on benchmarks 20 years shorter, as the swelling ranks of baby boomers entering retirement boosts demand for long-dated debt.

The bill directs the executive branch to create a public retirement savings plan for all Connecticut residents and businesses.

Median annual household income in March was $53,043, down 0.7 percent in real terms from February 2014.

Some funds give investors access to hedge fund managers who previously only worked with accredited, high net-worth individuals or institutions.

The announcement came as the judge handling the $18 billion bankruptcy case urged Detroit to resolve disputes with suburbs that rely on it for water and sewer services.