No progress in CN talks
‘No substantive progress’ in talks as CN Rail strike enters Day 4 The strike at the country’s biggest railway has entered its fourth day with no resolution in sight as round-the-clock negotiations continue under the watch of federal mediators. The Teamsters union said Friday that “no substantive progress has been made” since 3,200 workers hit […]
Setback for methanol plant
State deals setback to massive methanol plant on Columbia River Washington state has dealt a setback to efforts to build one of the world’s biggest methanol plants on the Columbia River. In a decision Friday, the Department of Ecology said backers of the $2 billion project still had not provided enough information about greenhouse gas […]
Here’s the salary you need to earn to retire in 20 years with $1 million—without saving more than 15% of your income
Are you single and managing your finances on your own? CNBC Make It would like to talk to you. Please fill out this short survey if you’re interested in being interviewed for a future story. To have enough money in retirement, experts typically recommend building up at least $1 million in savings. But if you wait to start […]
Is $1 million a good target for your retirement savings?
When saving for retirement, $1 million may seem like a good target. After all, being a millionaire is traditionally associated with being wealthy. In reality, $1 million really won’t go as far as you think it will – especially accounting for inflation. Rather than setting $1 million as a target, it’s far better to consider the […]
How to Get Back on Track After an Early Retirement Withdrawal
Feeling a little guilty about how much you’ve saved (or haven’t saved) for retirement? Maybe you’ve actually withdrawn money from your retirement accounts well before your golden years. Well, you’re far from the only one who’s made this move. According to a new survey from Bankrate, 49% of people with retirement accounts have withdrawn money […]
How to spend your retirement savings without triggering a tax penalty
It’s not just saving for retirement you need to worry about, but drawing down your money at the right time, too. The IRS requires savers to make withdrawals from their retirement accounts starting at age 70½. “They’ve allowed you to defer taxes, but they need to come collecting at some point,” said Arielle O’Shea, a […]