ABSTRACT: Throughout the retirement process, individuals are in a continuous state of making decisions. From deciding when to start deferring money to a 401(k) plan, to figuring out how retirement money should be invested and when to rebalance, to choosing which date to commence Social Security benefits, we are always making choices.
ABSTRACT: A revolution in the retirement landscape over the last several decades shifted the predominant savings vehicle from traditional pensions (defined benefit plans) to self-directed accounts in defined contribution plans like the 401(k) and has drastically changed how people invest in the stock market and why.
ABSTRACT: When Stockton, California, a city of just under 300,000 people, filed for Chapter 9 protection on June 28, 2012, 1 it became the largest U.S. city by population to do so. 2 Like other municipalities, Stockton has been greatly affected by the collapse of the sub-prime lending market from 2007 to 2008. 3 Stockton, however, was disproportionately affected because of its location in the Central Valley region of California, an attractive location for those who want to live near the Bay area, with one out of every thirty homes in foreclosure.