Retirement Trends

Hedge funds were once the rock stars of the financial industry. The smartest people worked for them. The wealthiest gave them their money. They were an easy path to fortune.

The Obama administration says the average monthly premium for Medicare prescription drug plans will inch up by $1 next year, to $31.

People around the world share the same dream of retirement. But nearly half of all workers never saving money just for retirement, according to HSBCs global report.

Weak earnings from several U.S. companies helped drag the stock market lower Friday, putting major indexes on course for their first weekly loss this month.

Lawyers jammed a courtroom Wednesday for the first hearing in Detroit's bankruptcy case, as a judge set out to decide whether anxious city retirees can slow down the process with lawsuits in other courts.

As the once-proud city of Detroit humbles itself in bankruptcy court, its financial future may hinge on this key question: Is the city obliged to its past? Or can Detroit renege on its promises to thousands of retirees for the sake of its present city services?