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Eric Trump’s 401 rose 35 percent over the past year. Half of American families don’t have one.

“The result is apparent in the chart below, which traces the median value of retirement accounts by net worth percentiles” reports washingtonpost.com. The good news for the bottom 25 percent of those who have retirement accounts: At least they have something.But about half of American households have no retirement savings, and many more are unable to save as much as experts say they’ll need.Measures of wealth and net worth don’t typically count those assets because they’re not owned by people the same way a savings account or 401(k) is. Source: washingtonpost.com Share This:

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9th Circuit to study workplace conditions in wake of Kozinski’s retirement over sexual misconduct accusations

“A federal appeals court has assigned a committee to investigate workplace conditions in the wake of sexual misconduct charges that recently forced a high-profile judge to retire” writes Maura Dolan for latimes.com. Thomas said Friday that he first created the committee Dec. 17, the day before 9th Circuit Judge Alex Kozinski announced his retirement after former clerks, externs and others in the legal profession accused Kozinski of sexual misconduct.Chief Judge Sidney R. Thomas of the U.S. 9th Circuit Court of Appeals named four judges and an employment lawyer to the…

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Markets News Stocks 

BlackRock CEO Larry Fink: Retirement savers even as old as 50 should mostly be in stocks

“BlackRock chief Larry Fink told CNBC on Friday that most people saving for retirement should have the bulk of their portfolios in stocks rather than bonds” writes Cameron Costa for cnbc.com. Investors even as old as 50 years old should mostly be in the stock market, he said.Fink appeared on “Squawk Box” shortly after BlackRock, the largest asset manager in the world, reported better-than-expected quarterly earnings and revenue on Friday.Despite that advice, investors poured into bonds in the latest quarter, Fink said.BlackRock is still “quiet bullish” on stocks at these…

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Rep. Darrell Issa to retire; Considered most vulnerable Republican in California…

“Darrell Issa (R-Vista) will not run for a 10th term in Congress, he announced Wednesday morning, becoming the second California Republican to retire this week as Democrats strive to retake control of the U.S. House” writes Christine Mai-duc for latimes.com. At least one other prognosticator moved Royce’s district to “leans Democratic” as soon as he announced his retirement on Monday. Source: latimes.com Share This:

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Visa to boost contribution to U.S.-based employees’ retirement plan

“(Reuters) – Visa Inc said on Monday it would increase contributions to its U.S.-based employees’ retirement savings plans as the world’s largest payment processor benefits from a new tax law” reports businessinsider.com. The company will increase its 401(k) match to 5 percent of salary, up from 3 percent, which will take effect in late February. The contribution is applicable only to Visa’s U.S. employees, but the company said it is exploring other global employee benefits and investments. Source: businessinsider.com Share This:

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Experts say Malaysia is one of the best places in the world to retire

“As it turns out, Malaysia is one of the best places in the world to spend your retirement” writes Jessica Lin for businessinsider.sg. This is according to the latest Retirement Index produced by International Living, which conducts a yearly survey with its experts on the best places for US and Canadians to retire in across the globe.Malaysia also topped the “Entertainment and Amenities” category of the index, thanks to the wide variety of food available here. Source: businessinsider.sg Share This:

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