Retirement

A pension fund for Pennsylvania teachers said it had frozen new investments with Apollo Global Management amid concerns about ties between its founder, Leon Black, and Jeffrey Epstein. The $63 billion Pennsylvania Public School Employees’ Retirement System said it spoke with Apollo officials last week after a New York Times report detailed the financial ties
0 Comments
In April, Dave Summers lost his job as director of digital media productions at the American Management Association, a casualty of layoffs brought on by the pandemic. Mr. Summers, 60, swiftly launched his own business as a digital media producer, coach and animator who creates podcasts, webcasts and video blogs. And in September, he and
0 Comments
When someone retires, three substantial changes take place, said Ken Dychtwald, psychologist, gerontologist and founder and chief executive of Age Wave, a consulting and research company. “They struggle with their identity, relationships and activity,” he said. “Some people feel unsettled, anxious or even bored, but eventually they realize that relationships, wellness and purpose really matter
0 Comments
Today’s record low bond yields could not come at a worse time for many baby boomers. Owning U.S. Treasuries, the undisputed safest bond for retirees, means signing on for next to nothing in earnings for the next five to 10 years. That’s because the current yield of a Treasury bond is a solid estimate of
0 Comments
David Jarmul and his wife, Champa, long envisioned what their retirement would look like. After returning from a two-year Peace Corps stint in Moldova in 2018, the couple, both 67, planned extensive travel, including trips to the Baltics, West Africa and Sri Lanka. “Travel is our passion — it’s what we love to do,” said
0 Comments
In a sharply polarized environment, Americans saving for retirement are increasingly concerned about politics — those of their financial advisers. “I’ll get a phone call from one client thinking the world is falling apart, and then another thinking it’s the best time to get into the market — in the same day,” said Robert Schmansky,
0 Comments
The Labor Department is seeking a new federal regulation that could discourage retirement funds from making investments based on environmental, social and governance considerations. The department said in a news release Tuesday evening that it was taking the action to “provide clear regulatory guideposts.” Labor Secretary Eugene Scalia, in an opinion article Wednesday in The
0 Comments
Many colleges and universities are struggling to reopen safely and offer in-person classes during the pandemic. At risk is not just the health and safety of their students, faculty and staff, but in many cases the financial viability of the institutions themselves if they have to go to remote learning, which could prompt students and
0 Comments