Retirement Trends

A 2-1 majority of the U.S. Court of Appeals in St. Louis ruled Fidelity had no obligation to recapture for plan participants $1.7 million in overnight float income.

With the willing assistance of Washington state political leaders, Boeing shamelessly bullied Machinists union members into a corner and twisted their arms into accepting a new contract that ends their traditional defined-benefit pension.

Stocks turned lower today as the Feds statement said officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast.

The Federal Reserve will taper its quantitative easing by another $10 billion to $55 billion a month because it thinks the economy is strong enough.

A survey found that 57 percent of respondents are bullish on the investment outlook for the next 12 months, compared to 53 percent in 2013.

New Jerseys public-pension fund, the 12th-largest in the U.S., returned 10.7 percent in the first seven months of the fiscal year as stocks surged.