Startup to buy GM plant
Startup to build electric trucks at closed Ohio GM plant General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant GM shut down earlier this year. The agreement between the two companies also would allow GM to buy back […]
Lulu COO leaving company
Lululemon’s chief operating officer to leave company in new year Lululemon Athletica Inc. says its chief operating officer is leaving the company shortly after the new year begins. The Vancouver-based retailer says Stuart Haselden, who also serves as executive vice-president of international, will leave the company effective Jan. 10. Haselden, who joined the company in […]
Corporate pensions head for extinction as retirement plans change
The practice of companies sending monthly retirement checks to their former workers is headed for extinction, and remaining pension funds are in tough financial shape. Nearly two-thirds of pension funds are considering dropping guaranteed benefits to new workers within the next five years, according to a human resources consulting firm that studied the matter. Despite […]
3 reasons you might wind up hating retirement
Many workers spend the latter part of their careers counting down to retirement. This especially holds true among those who don’t really like their jobs, or find them mentally or physically demanding. But in a Nationwide Retirement Institute survey, 26% of retirees who checked out of the workforce at least 10 years ago, and 27% […]
3 Ways to Get From $100,000 to $1 Million in Retirement Savings
In Austin Powers: International Man of Mystery, Dr. Evil famously tries to hold the world hostage for a ransom of $1 million. And if you asked most Americans what they’d need to retire comfortably, you might get the very same number — at least according to TD Ameritrade’s 2019 Retirement Pulse Survey. The survey polled […]
House Democrats propose eliminating $10,000 limit on state and local tax deductions
There are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. Rep. Thomas Suozzi, D-N.Y, along with Reps. Bill Pascrell, D-N.J., and Mike Thompson, D-Calif., proposed the “Restoring Tax Fairness for States and Localities Act.” The measure is scheduled […]