Retirement

Five New York City employee pension groups that own stock in Activision Blizzard, the embattled video game maker, are suing Activision, saying that the company failed to turn over financial records as the groups try to investigate whether Activision secured a fair price in its planned sale to Microsoft. The lawsuit, filed in Delaware state…

The employer that oversees the retirement savings plan would have to decide to include the digital assets account. Fidelity, the nation’s largest provider of 401(k) plans, said on Tuesday that it would enable its participants to put a slice of their retirement money into Bitcoin — if their employers are willing to allow it. The…

Financial infidelity destroys trust. It can deliver a serious blow to your post-career planning, too. Jessica Matthews knows what it’s like to be the victim of infidelity — the financial kind. Ms. Matthews, herself a certified financial planner, dealt with it after she discovered years ago that her husband was hiding more than $30,000 in…

The national network of Social Security customer service offices, which were closed nearly two years ago at the start of the pandemic, is on track to reopen on March 30. The Social Security Administration and unions representing the agency’s work force agreed this week to reopen more than 1,200 offices, contingent on changes in pandemic…

Conventional investing wisdom says that the older you get, the less of your financial assets should be in the stock market. One frequently heard justification is that stocks rise reliably in the long run but can fluctuate a lot in the short run and that if you’re old, you don’t have time to recover from…

Many older Americans like to ease into being an ex-worker — but you need to think carefully about just how to get there. Pat Sterner, who runs her own business consulting for nonprofits in Duluth, Minn., would love to retire and spend more time kayaking on Lake Superior. In the summer, she says, her neighbors…

Several U.S. states have announced plans to sever or reconsider their financial ties to Russia, with moves ranging from outright divestment, as in the case of the Connecticut pension system, to restrictions on the sale of Russian vodka in Iowa and Ohio. The rapid-fire decisions in state capitals, by both Republicans and Democrats, came as…

Shortly after the Biden administration announced that it was taking steps toward regulating cryptocurrencies, the Department of Labor issued a message of its own: Crypto doesn’t belong in most employees’ retirement accounts — and the department intends to investigate some plans that already offer the option. The department did not go as far as banning…

A growing array of investment options make it easier to put digital tokens alongside traditional investments. Here’s what to know. Larry David travels through the ages, pooh-poohing many of the world’s greatest innovations — indoor plumbing, the dishwasher and, lastly, cryptocurrency. “Don’t be like Larry,” the Super Bowl commercial urges. “Don’t miss out on the…

Social Security benefits and your savings can be taxed. But in general, older Americans’ tax bills go down. If you dread tax day every year, here’s a bit of good news: Your tax burden probably will lighten when you retire. You’ll still pay taxes on income you receive from sources that haven’t been taxed yet,…

Retirement investments that are fine in tax-sheltered accounts can generate big headaches without that protection. Vanguard’s target date funds are a case in point. Tax bills are bad enough when you know they are coming. When they are unexpected and large, and come from what seemed like a safe and reliable place, they are infuriating….

Ned Johnson, the longtime leader of Fidelity, changed the way the middle class thought about its money. The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in business. If you don’t already receive the daily newsletter, sign up here….