| May 27, 2014
| 2:43 PM
SPRINGFIELD — Cook County Board President Toni Preckwinkle got a government worker pension overhaul through the first couple hurdles at the Capitol on Tuesday, but she’s still not saying how she’d come up with more money to pay for the...
| May 20, 2014
| 8:23 PM
California's public school districts could face difficult cutbacks if state officials move forward with a plan to bail out the retirement fund for teachers, officials and educators say, but even those painful steps may fall short of curing the pension...
| May 21, 2014
| 2:30 AM
Kiplinger's Personal Finance
I plan on living at least until 90. That's not chutzpah talking; it's heredity. My grandmother lived to age 95, and my mom is going strong at 89. Given that I may have to stretch my retirement savings over 25 years or more,...
| May 25, 2014
| 4:00 AM
Dear Liz: My husband and I lost our home because of unemployment and being underwater (the value of the house was less than the mortgage). We now both are working full time and saving to buy another home. My father-in-law offered to help us by selling...
| Mar 30, 2014
Gov. Pat Quinn sought to make the 5 percent income tax rate permanent in his budget address last week.
The Illinois income tax, conceived in the 1960s as a Republican-led initiative, has now become a complex problem vexing the Democrats who control...
| Apr 28, 2014
| 10:05 PM
Albert Valocchi, a University of Illinois engineering professor, recently recruited new graduate students to join his research team. He is scheduled to teach two classes this fall. He has several grant proposals pending.
But Valocchi, 60, may not be...
| May 9, 2014
| 4:50 PM
— The federal agency best known for paying retirement benefits is shutting down a curious side business it began nearly 70 years ago: helping people connect with long-lost relatives.
Since the end of World War II, the Social Security Administration...
| May 9, 2014
| 4:44 PM
Far too many workers don't save for retirement. Democratic lawmakers want to fix that, to their credit. But their proposed fix needs more work and a much better sales job.
A Senate bill entitled "An Act Promoting Retirement Savings" would have...
| May 11, 2014
| 5:00 AM
Dear Liz: My wife and I, 63 and 62, plan to continue working till at least 65. We will begin collecting Social Security benefits in September. Our combined income is $58,000, we own our home outright, and we have no debt, no children, $84,000 in a...
| May 13, 2014
| 3:28 PM
At long last, Gov. Jerry Brown has stopped ignoring the burgeoning fiscal sinkhole that is CalSTRS, the state teacher retirement fund. The question now is whether he can sell his plan to lawmakers and the schools in their districts.
| May 13, 2014
| 4:23 PM
Former Treasury Secretary Timothy Geithner's memoir, "Stress Test," is being picked apart fairly intensively by the Washington and Wall Street press gangs, who are busily retailing the book's snarks and slights.
We're more interested in a nugget in...