Retirement Trends

According to the Arizona Republic, a new proposal to substitute a 401(k)-style plan for professional politicians and judges might save the public hundreds of millions of dollars.

Los Angeles Mayor Antonio Villaraigosa is asking several city pension programs to end their investments in corporations that manufacture firearms, ammunition or high-capacity ammunition magazines.

BlackRock's fourth-quarter net income climbed 24 percent as the value of the assets it managed for its clients grew and performance fees increased. Its performance topped analysts' estimates.

While its net income rose 16 percent, trading revenue declined, and shares of the discount broker and retirement plan provider slipped.

An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.

They say the best defense is a great offense. One of the nations most popular discount brokers shows how its done.