- BusinessMarketWatch•8 hours ago
Watch out: ‘Kids’ are making the most money in this stock market
CHAPEL HILL, N.C. — We are now officially in a “kids market.” Invest accordingly. The concept of a “kids market” was introduced by Adam Smith, the pseudonymous author, in his classic book from the late 1960s entitled “The Money Game.” He used that phrase to refer to an investment environment in which the advisers and traders making the most money are those too young to remember the last bear market. That would certainly appear to be the case today. The 2007-2009 financial crisis and bear market is now more than eight years in the past. Anyone younger than in their mid-30s probably wasn’t even out of college or graduate school during that bear market, and therefore has little or no direct investment
- BusinessMarketWatch•yesterday
It’s harder than you think to spend down your 401(k) account in retirement
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
- NewsPuget Sound Business Journal•2 days ago
Boeing warns Washington state of 220 Seattle-area layoffs
Boeing has warned Washington state economic development officials of up to 220 permanent layoffs starting Sept. 22, public records show. Boeing notified affected employees on July 11, spokesman Doug Alder said. They include Boeing Commercial Airplanes workers, Defense employees and corporate staff. The Washington state Employment Security Department received Boeing's mass layoff warning Friday. ESD spokesman Bill Tarrow said the cuts include 211 employees represented by labor unions, but that Boeing did not list specific locations in the Puget Sound region. He declined to provide more information. JOBS: Boeing CEO praises new airplanes boss Kevin McAllister for cost-cutting Boeing makes wide-body
