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Investors have been running scared. Through early November, $219 billion was pulled out of stock mutual funds according to TrimTabs Investment Research. That comes on the heels of five straight years of investors pouring cash into their stock funds. ...more
December 28, 2008
A soured investment in Lehman Brothers Holdings Inc. debt slashed two-thirds of the asset value of the nation's oldest money-market fund, exposing clients to losses despite their investments in a financial product normally seen as a safe haven even in volatile markets. ...more
September 18, 2008
There's some sentiment that a government rule that forces retirees to withdraw money from their IRA and 401(k) accounts when they turn 70 1/2 may need to be changed. That's because people are living longer and need to keep as much of their retirement money for as long as possible, said several financial advisers and a leader of the Senate Finance Committee. ...more
September 3, 2008
Although 401(k) and other employer-sponsored retirement accounts are for long-term saving, many of the plans allow early withdrawals under special circumstances. But under tax laws, there can be consequences if people withdraw from their accounts before age 59 1/2 : ...more
February 20, 2008
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