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retirement ‘bittersweet’ for union boss who challenged trump


indianapolis (ap) — when chuck jones joined the united steel workers, unions flexed their power to strike and crossing a picket line could be met with brute force.that’s now a distant memory, says the retiring president of usw local 1999, who grabbed headlines in december after he publicly accused then-president-elect donald trump of lying about how many jobs he was saving in a deal with furnace and air conditioner maker carrier corp.like unions across the u.s., the indianapolis local, which represents workers from carrier and bearing manufacturer rexnord corp., has shed members as factories downsized or shuttered. many are moving to mexico, where labor is cheaper.“you want to leave a job better than you got it. but working-class people in general — we’re not doing good,” said jones, 65, w






retirement 'bittersweet' for union boss who challenged trump


indianapolis — when chuck jones joined the united steel workers, unions flexed their power to strike and crossing a picket line could be met with brute force.that's now a distant memory, says the retiring president of usw local 1999, who grabbed headlines in december after he publicly accused then-president-elect donald trump of lying about how many jobs he was saving in a deal with furnace and air conditioner maker carrier corp.like unions across the u.s., the indianapolis local, which represents workers from carrier and bearing manufacturer rexnord corp., has shed members as factories downsized or shuttered. many are moving to mexico, where labor is cheaper."you want to leave a job better than you got it. but working-class people in general — we're not doing good," said jones, 65, whose






7 awesome things that very inspiring bosses do


have you ever had a boss you didn’t crib about? or a boss you really really wanted to be like? or a boss you did not abuse the moment he/she turned around?have you had a boss you stood up for when your colleagues were gossiping lame stuff about him / her? have you had a boss that really inspired you?if the answer to the above questions is yes, let me tell you – you are among the lucky 0.001% on the corporate world existing on planet earth. congratulations! you may now thank you stars






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how’d you do during the april money challenge?


that’s a wrap, folks. april is over and that means our april money challenge has come to an end. if you joined us, now’s the time to tell us: how’d you do?learning to be good with money isn’t just about saving it. you want to grow it, too. if you have an …read more read more this month, we challenged you to finally get on board with your employer’s 401(k). now, 401(k)s aren’t completely perfect (and we listed a number of caveats in the post), but many employers offer something called a 401(k) match. you guys, a 401(k) match is an incredible deal.saving for retirement is a lot like going to the dentist. we all know we should do it, but it’s…read more read more basically, your employer will match a certain percentage of everything you save in your own retirement account, up to a point. that’






5 ways to catch up on retirement savings


worried about your retirement nest egg? here are a few tips for topping up your retirement fund.        






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iamsu debuts his 'boss up' mixtape


iamsu! continues to flex his role as the boss of the hbk gang in his new mixtape boss up 3. the bay area rapper first served up the follow-up to his 6 speed album back in february. over the last four months, su dropped his kilt 3 album and celebrated 4/20 by dropping off his second installment boss up 2. read: mozzy & iamsu! reflect on their pain from the past in “my eyes” (video)iamsu! kicks off the summer off right with boss up 3. he keeps it brief on round 3 with six self-produced records. the hbk gang founder also recruits rising star 24hrs, show banga, and skipper to throw down on the project. stream boss up 3 below.






retirement savers, you're on your own


steve vernonon twitter»view all articles by steve vernon on cbs moneywatch»steve vernon helped large employers design and manage their retirement programs for more than 35 years as a consulting actuary. now he's a research scholar for the stanford center on longevity, where he helps collect, direct and disseminate research that will improve the financial security of seniors. he's also president of rest-of-life communications, delivers retirement planning workshops and authored money for life: turn your ira and 401(k) into a lifetime retirement paycheck and recession-proof your retirement years.






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one of the reasons why all of us, including managers, are so scared of change is that it can be difficult to correct if anything goes wrong. to encourage your boss to be bold, suggest that you run your idea for a trial period first.this will give you and your boss enough time to see if the project will work for the business. trial periods are much easier to agree to. they’re easy to extend, too.allowing your boss to backtrack might seem like a risk, but it makes the initial agreement much more likely. as long as you can prove that your idea will work, it’s unlikely that your boss will force you to revert back to your previous position or working condition.






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test your retirement savings iq


how much do you know about saving for a long, financially secure retirement? fidelity investments recently prepared a retirement iq test that includes three questions to help workers of all ages test their knowledge about retirement savings. 1) roughly how much money do investment professionals estimate you should save by the time you retire?fidelity’s answer is “at least 10 times the amount of one’s last full year’s income.” according to fidelity’s survey, 74 percent of respondents underestimated the amount they’ll need to save for retirement.retirement analysts vary widely regarding the amount of savings needed to retire because the answer depends significantly on your personal circumstances. for instance, you might be able to retire on less than fidelity’s target if you can reduce your






switch controller cosplays as gamecube pad


image: boss fight propsboss fight props, normally in the business of making cosplay gear, decided to take his switch controller and dress it up like a gamecube pad. image: boss fight propsi would buy this, if only for the colour-coded buttons. i would buy multiples if it was the gamecube’s old “spice” colour scheme. image: boss fight propswhile the images look like renders, it’s the real deal; down the bottom you’ll see some shots of the controller in the real world. image: boss fight props image: boss fight props image: boss fight props image: boss fight props






how one union boss manages to outfox l.a. politicians — and deliver the goods to


brian d’arcy once told me his drink of choice was a pint of guinness, and it tasted all the better with a shot of jameson to back it up.he’s also a two-fisted negotiator, and at some point wednesday, i imagine d’arcy will be raising both the beer and the whiskey in celebration. the baddest union boss in los angeles is a solid bet to win another generous contract for roughly 9,000 members of the international brotherhood of electrical workers, local 18.the l.a. city council is scheduled to vote on the contract, but that’s just a formality. you can hurry down to council chambers and raise a stink, but this thing is being slipped through without formal public hearings or even an attempt to justify it beforehand, because city officials know they’d get pounded.how this union keeps getting such






labor department proposes delay of retirement advisor rule until june to conduct


the labor department on wednesday proposed a 60-day delay in implementing a new rule for retirement advisors, set to take effect next month, to complete a review ordered by president trump that will probably kill the controversial obama-era measure. extra time is needed to collect and analyze data about the effects of the so-called fiduciary rule, which requires investment brokers who handle retirement funds to put their clients’ interests ahead of other factors, such as their own compensation or company profits, the labor department said. the rule was scheduled to take effect april 10 but now would not be implemented until june 9 at the earliest. the delay is expected to be approved after a short public-comment period. on feb. 3, trump ordered officials “to examine the fiduciary rule to d






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baldwin therapist contemplates retirement | newsday


advertisement | advertise on newsdayneil henry, a therapist and tennis enthusiast from baldwin, has a part-time approach to retirement. (credit: carolina henry) i have planned my retirement on three separate occasions in the past 10 years, after my father passed away. i even used a retirement countdown clock, in plain view, while i was working as a licensed social worker with patients in my office. each time as the clock was counting down to zero, i became more and more uncomfortable. i spoke to myself: “really, neil?! you’re going to give up this...






former fbi chief comey says he was fired to stop russia inquiry, and accuses tru


is there a working woman alive who cannot identify with poor james comey right now?the former fbi director’s boss tried to seduce him. when the seduction failed, his boss fired him.and then called him “crazy, a real nut job.”hell hath no fury like a scorned president trump.when you are the... (robin abcarian)






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download download 401k contribution calculator helps you save more in your 401k/403b/457 retirement plan by helping you understand the impact to your net paycheck when you increase your retirement plan contribution rate by a certain percentage. designed for u.s. type employer sponsored retirement plans. many years within the 401k industry helping participants become better educated on their retirement plans, create savings goals, and better prepare for retirement was the motivation behind the creation of this app. the goal is to allow you to freely explore and model different salary, contribution, and tax circumstances to help you understand how easily you can positively impact your retirement savings. you can easily determine that you can typically afford to increase your savings rate by






social security or your 401(k)? figuring out which to take first


why is the reward for waiting until 70 so large? first, since you don’t take your retirement benefit before full retirement age (now 66), it won’t be reduced for every month you take it early; second, waiting beyond retirement age provides a bonus.social security provides an enormous return for those who are patient. consider its retirement benefits. you can take them as early as 62 or as late as 70. if you wait until 70, your retirement benefit will be 76 percent higher, after adjusting for inflation, than if you had started at 62. yes, you give up eight years of benefits by waiting. but receiving a 76 percent larger check for 30 years (if you live to 100) is a very big deal.why is the reward for waiting until 70 so large? two reasons: first, since you don’t take your retirement benefit b






analysis: how to fix america’s broken retirement system


three past presidents have tried in vain to fix america’s broken retirement system. presidents bill clinton, george w. bush and barack obama tried to push retirement plans through congress.        






sabotaged cars and threats of assault: why cupe felt it had to take control of m


montreal — the intimidation tactics sound like something out of a movie. lug nuts loosened on the car wheels of unsuspecting drivers. a mob encircling a panicked man in a corridor, yelling insults and preventing his escape. a lunch meeting that ends with the boss lifting a finger and warning, “you know, that’s all i have to do, and your face gets smashed in.”but in this case, as alleged in court documents, the boss was the president of montreal’s blue-collar union, and the people on the receiving end were fellow union members who had fallen out of her favour.to outside observers, it has been plain for years that something was wrong with the union representing montreal’s 6,500 blue-collar municipal workers as its members alienated the public with intimidation tactics and illegal walkouts.bu






how to fix america’s broken retirement system


three past presidents have tried in vain to fix america’s broken retirement system. presidents bill clinton, george w. bush and barack obama tried to push retirement plans through congress.        






why most americans may face an ugly retirement


america’s retirement crisis is looking especially dire. more than 66 percent of workers with access to 401(k)s and other defined-contribution retirement saving plans aren’t using them. that’s according to recent research from the census bureau, which analyzed tax records to estimate how workers are actually participating in these plans. on top of that, only 14 percent of companies offer these types of retirement plans, far lower than previous estimates, the analysis found. the findings underscore the size of the looming retirement crisis, partially exacerbated by a decades-long shift away from traditional pensions to 401(k)s, which are cheaper for employers to manage because they shift more costs onto workers. the fact that only one-third of employees with access to 401(k)s are saving for






the average cost of retirement is $738,400: will you have enough?


your retirement is likely the biggest purchase you'll make in your lifetime. shouldn't you prepare for it?        






lauren graham reflects on the 'bittersweet' feeling of the 'gilmore girls' reviv


for years, lauren graham and her “gilmore girls” cohorts were asked about the possibility of a reunion — either in movie form or by way of more television episodes.then it finally happened.a four-part revival of the cult-favorite dramedy, which originally ran for seven seasons from 2000 to 2007 on the wb (later the cw), was unveiled last fall on netflix to the delight of super fans everywhere. when graham stopped by the times’ video studio this week, though, she admitted to feeling a little morose now that it’s actually happened.“it’s really wonderful and a little bittersweet,” said graham, who played fast-talking mom lorelai gilmore on the series. “it was fun, in some ways, to have that question out there because what if? what if we could? what if we did? what would that feel like? what w






thanks for everything, mom. now let’s talk retirement


more americans should be considering a donation to mom's retirement savings fund.        






coalition wants to ‘trump-proof’ seattle with income tax


the transit riders union and other local organizations are launching a campaign called “trump proof seattle” for a city income tax.the transit riders union and other local organizations are launching a campaign called “trump proof seattle” to start a city income tax on wealthy households.transit riders union general secretary katie wilson said the campaign is a response to the threat of seattle losing federal funding under president donald trump.but the campaign is also an attempt to test whether an income tax can be allowed under washington state’s constitution, wilson said. if seattle were to adopt such a tax, the measure would almost certainly be challenged in court.“we’re looking at what’s going on at the national level with trump throwing executive orders around and seeing what sticks






test your retirement readiness iq


how much do you know about planning for a long, financially secure retirement? fidelity investments recently prepared a two-part quiz that can help you answer that question. the first part concerns retirement savings and asks three key questions about how to put enough money away for a secure future. the second part of the quiz includes five questions about how prepared older workers approaching their retirement years are. if you’re within 10 years of retirement, this quiz can help you can assess your knowledge and help you get started planning for a healthy, happy, secure retirement.1) given the current average life expectancy, if you want to retire at age 65, about how long would you need your retirement savings to last?the average life expectancy for 65-year-olds is about age 85 for men






documents: feds wire-tapped philadelphia union boss, others


johnny "doc" dougherty runs the international brotherhood of electrical workers local 98 and has long been a powerful political force in the city. he's the focus of an fbi investigation into nearly all aspects of the union's operations.philadelphia — documents show federal agents wire-tapped the cellphones of a powerful philadelphia labor boss and his protege on the city council for more than a year.johnny “doc” dougherty runs the international brotherhood of electrical workers local 98 and has long been a powerful political force in the city. he’s the focus of an fbi investigation into nearly all aspects of the union’s operations.last august, fbi and irs agents searched properties including dougherty’s office, a nearby union bar, the electricians’ union headquarters and councilman bobby h






democrats ask trump to veto measure repealing city retirement plan rule


n a last-ditch effort, five u.s. senate democrats are urging president donald trump to veto a resolution that would repeal a labor department rule designed to help cities launch retirement savings plans for low-income private-sector workers by exempting such programs from strict federal pension protection laws.in an april 5 letter that reuters saw on thursday, the lawmakers told trump, a republican, that killing the rule could harm more than 2 million americans who would otherwise benefit from city-run retirement plans.“we ask you to work with us to increase access to retirement savings programs and promote greater retirement security,” they wrote.the senators signing the letter are patty murray of washington and ron wyden of oregon, the top democrats on committees overseeing pensions and






don’t leave your retirement age to chance


the fact that you want to work to 58 or 65 or 70, or that you want to be partially employed well past a mandated corporate retirement age in your 60s, doesn’t mean those things will happen. job losses, health problems and more confound those wants and plans all the time.most people have a retirement age in their head.it’s some combination of what their job allows/encourages, mixed with health, wellness, family and financial considerations.but having an idea in your head is very different from having one built into a financial plan, and new research shows that most investors don’t have a real clue about when they really will retire, and thus both their financial and retirement plans are in jeopardy of not working out.the latest survey connected to the wells fargo/gallup investor and retirem






here's the new retirement goal: love your job and keep working


your post-retirement career can be fulfilling and fun — if you've prepared for it, says kerry hannon, author of "getting the job you want after 50 for dummies."        






here's the new retirement goal: love your job and keep working


your post-retirement career can be fulfilling and fun — if you've prepared for it, says kerry hannon, author of "getting the job you want after 50 for dummies."        






jim hoffa, teamsters president, supports clare rose strikers


the international brotherhood of teamsters, which represents 1.4 million members, thursday issued its support for teamsters local 812 in its strike against east yaphank beer distributor clare rose.“the full might of the international brotherhood of teamsters is behind the members of local 812 in their fight at clare rose,” said jim hoffa, general president of the union. “we intend to put forward our political, economic and organizing resources to ensure that these workers get a new union contract that protects their wages and retirement.”most popularhoffa is the son of former teamsters president jimmy hoffa.clare rose didn’t have an immediate response. earlier this week, chief executive sean rose said the company was “disappointed that the union decided to reject our contract proposals” an






epa set to eliminate over 1,200 employees by september


photo: getty“jobs, jobs, jobs,” the trump campaign liked to say. but upon assuming office, one of the first things that trump did was initiate a hiring freeze in the federal government. and now, epa has announced its plan to push out as many as 1,228 people on its staff by the end of the summer. at president trumps’ behest, the us is joining syria and nicaragua in abdicating from the paris…read more according to the washington post, epa sent out an email to union leaders this week to inform them that buyout offers would be coming soon and that the deadline to submit an application will be september 2, 2017. retirement training webinars will also be available on every tuesday and thursday through the month of july. that may or may not be part of the training program trump was talking about