Money Talk - March 2012
This year's election chatter is sure to include a healthy dose of tax talk. To keep up, here are five terms you should know.
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Anyone can fall victim to a financial scam, but seniors tend to be a particularly popular targets.
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Low interest rates create a dilemma. Do you accept a low return because you feel you must protect your principal? Or do you take on greater investment risk in order to try for a higher return? In balancing those two concerns, here are some factors to think about.
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If a defined benefit plan doesn't have enough money to pay all promised benefits accrued up until plan termination (that is, the plan is "underfunded") , the Pension Benefit Guaranty Corporation will take over the plan as trustee in a "distress termination," and assume the obligation to pay basic plan benefits up to legal limits.
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The Pension Benefit Guaranty Corporation (PBGC) is a federal agency created by the Employee Retirement Income Security Act of 1974 ("ERISA") to encourage employers to adopt and maintain private-sector defined benefit pension plans, and to protect plan participants by taking over the obligation to pay pension payments when a plan ends without enough money to pay all benefits owed to participants.
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A Mutual Savings Company
