Kathleen Pender The California Public Employees Retirement System yanked $1.2 billion in assets from Putnam Investments this week, but it is letting AllianceBernstein — another firm implicated in the mutual fund scandal — continue to manage $1.2 billion in pension money for state workers and…
-By John Shipman, Dow Jones Newswires; 201-938-5171; john.shipman@dowjones.com (Kathy Chu, Yuka Hayashi, Jane Kim and Kaja Whitehouse contributed to this article.) NEW YORK — The impact of the mutual-fund probe may finally be hitting home on Main Street. Since New York Attorney General Eliot Spitzer…
Sandra Block and John Waggoner. USA TODAY Managing your money; Every Friday The Dow Jones industrial average is up 17% since the beginning of the year. The Nasdaq, where many technology stocks dwell, is up 46%. The stock market is rocking. You’re tempted to join the…
Jim Hopkins. SAN FRANCISCO — Two years ago, Nick and Sloane Morgan were typical investors. They had 75% of their assets in stocks, 25% in real estate and saved about 10% a month. Following the stock market’s dive, they’ve done a 180-degree turn. Undaunted by…
Daniel S. Levine Some people are the shy and retiring type. I think of myself as the shy of retiring type. The phrase “New York Minute” aptly describes how quickly I would stop working if I won a lottery, was remembered fondly in the will…
The Internet is filled with useful tax-planning tools — as well as plenty of tax-shelter scams By RIVA RICHMOND Plotting how to pay less in taxes is an age-old pursuit. Today the modern pursuit of surfing the Internet can help — to a point. A…
Coping with Sudden Loss Seek the help of experts, friends to get your financial house back in order By Staff Writer Annelena Lobb NEW YORK (CNNfn) – Anyone who has experienced it can tell you, there’s no way to prepare for the sudden loss of…
San Francisco, CA, USA — A lot of workers with company stock plans lost big in the past year. Last year we introduced you to a family sitting pretty with huge stock profits and a big dilemma: should they sell? Here’s how their actions then…
How to Get Back on Track The bear market has zapped many retirement plans. What to do now? By Mike McMamee The signs are everywhere. Employees letting their 401(k) statements pile up unopened, afraid of the bad news inside. Anxious execs watching their company stock…
There was a time when you could park your money in an index fund, sit back, and not worry too much about it By CHRISTIANE BIRD Nothing is simple anymore. Not even investing in index funds. Time was, you could park your money in an…