Finance

5:53am

Mon April 21, 2014
Your Money

How Do Companies Boost 401(k) Enrollment? Make It Automatic

Originally published on Mon April 21, 2014 12:15 pm

iStockphoto

More Americans are saving for retirement through their employers' 401(k) programs. That's because in recent years they've been given a strong nudge — more companies are automatically enrolling workers in retirement savings programs.

Some firms are also automatically increasing the amount employees contribute. That's just as important, experts say.

And all of this makes a big difference: Without it, millions of Americans don't save at all.

Making Time For Retirement Planning

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4:07pm

Thu April 3, 2014
Rethinking Retirement: The Changing Work Landscape

One More Speed Bump For Your Retirement Fund: Basic Human Impulse

Originally published on Thu April 3, 2014 5:34 pm

We hate losing twice as much as we love winning, behavioral researchers say. And that gets us into trouble with financial decisions.
iStockphoto

Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.

One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.

How A Smashed Car Is Like A Smashed Nest Egg

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4:16am

Mon March 31, 2014
The Changing Lives Of Women

When Planning For The Future, Women Have Been Hands Off

Originally published on Mon March 31, 2014 10:46 am

In Blue Jasmine, Cate Blanchett plays a wealthy New York socialite who has it all, loses it all and ends up delusional on a park bench.
Perdido Productions

It's a truism in the financial industry that women need to get more out of their money than men since they live longer and make less, especially if they take time out to care for children or aging parents. But it's also a given that they lack confidence when it comes to investing, something that's clear on a recent evening at the Women's Center in Vienna, Va.

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5:38am

Thu February 20, 2014
Planet Money

What It Was Like To Be A Wall Street Recruit After The Bailouts

Originally published on Thu February 20, 2014 8:05 am

John Angelillo UPI/Landov

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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5:43am

Fri February 7, 2014
Business

Post Office Could Rack Up Billions By Offering Money Services

Originally published on Fri February 7, 2014 9:26 am

U.S. Postal Service clerks help customers at the Los Feliz Post Office in Los Angeles.
Kevork Djansezian Getty Images

As the U.S. Postal Service continues to lose money each year, a new report suggests a way to add to its bottom line: offer banklike services, such as a check cashing card that would allow holders to make purchases and pay bills online or even take out small loans. The idea is to provide services that are now unavailable in many communities.

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