Retirement Trends

U.S. stocks rose, snapping a three- day retreat, as investors awaited this weeks earnings reports and jobs data to gauge the pace of the recovery in the worlds largest economy.

Of the 3.5 million taxpayers who made IRA contributions, 62 percent were over the age of 50.

Janet Yellen won U.S. Senate confirmation to become the 15th chairman of the Federal Reserve and the first woman to head the central bank in its 100-year history.

The military pension cuts were made to achieve $6.2 billion in savings over 10 years. This bill, if passed, would actually save the government more money, said one legislator

Overall, 2013 was a very strong year for corporate pension plans, with the average funding ratio rising by about 17 percentage points due to strong investment returns of 4.7 percent

The big unknown is the effect of the stimulus on the equity market, said Zorast Wadia, principal and consulting actuary for Milliman Inc. in New York. A loss [in those markets] could offset gains garnered from higher interest rates.