InfoAnda - Recession hits nest eggs; US promotes ways to save

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Czech president becomes last EU leader to sign treaty | 4 November 2009
Ford launches 4-door Fiesta in China | 6 March 2009
Paul McCartney honors George Harrison in Hollywood | Entertainment | | 15 April 2009

US-ENTERTAINMENT Summary | 27 June 2009

Forum Views () Forum Replies ()

Read more with google mobile : Recession hits nest eggs; US promotes ways to save

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Recession hits nest eggs; US promotes ways to save By CHARLES BABINGTON,Associated Press Writer AP - Sunday, September 6 WASHINGTON - The recession has eaten into people's nest eggs so the government is promoting ways to make it easier to save for retirement. ADVERTISEMENT One initiative that President Barack Obama outlined in his weekly radio and Internet address Saturday will allow people to have their federal tax refunds sent as savings bonds. Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it. "We know that automatic enrollment has made a big difference in participation rates by making it simpler for workers to save," Obama said. "That's why we're going to expand it to more people." The new federal steps, which do not require congressional action, include: _Making it easier for small companies to set up 401(k) retirement savings plans in which all workers are automatically enrolled unless they ask to be omitted. Employers can set default amounts of each worker's pay _ perhaps 3 percent _ to automatically be deposited into the accounts without being taxed. Workers can raise or lower the contribution levels, and they choose how to invest the money. They will pay taxes on the money only when they withdraw it as retirees, when their tax rates are likely to be lower than when they are working full-time. A similar process would apply to savings plans called SIMPLE-IRAs. _Allowing such plans to automatically increase the amount that workers save over time unless the workers object. _Allowing people to check a box on their federal tax returns asking that any refund be sent as a savings bond. More than 100 million U.S. households receive refund checks each year, and many are promptly cashed and spent. _Allowing workers, when leaving a job, to direct unused vacation pay to a retirement savings account rather than taking it in cash. "This recession has not only led to the loss of jobs, but also the loss of savings," Obama said, citing declines in home values as well as sources of retirement income. "If you work hard and meet your responsibilities, this country is going to honor our collective responsibility to you: to ensure that you can save and secure your retirement. That is why we are announcing several commonsense changes that will help families put away money for the future," Obama said. The administration earlier asked Congress to make it easier to set up retirement accounts for people whose workplaces do not offer them. No legislation has moved thus far. "Tens of millions of families have been, for a variety of reasons, unable to put away enough money for a secure retirement," Obama said. "Half of America's work force doesn't have access to a retirement plan at work. And fewer than 10 percent of those without workplace retirement plans have one of their own." Nearly half of the U.S. work force has little or nothing beyond Social Security benefits to get by on in old age, Treasury Secretary Timothy Geithner said. "Just as the administration is dedicated to reviving the economy and getting people back to work, so too it is dedicated to helping put retirement security within the reach of all Americans," Geithner said in a statement. While saving for retirement is universally seen as a good idea, any increase in savings rates could somewhat slow the nation's rebound from the economic recession. ___ On the Net: Obama address: http://www.whitehouse.gov Treasury and IRS information on retirement savings: http://www.irs.gov/retirement. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World L.A. man left `piece of heaven,' returned to hellAP - 2 hours 17 minutes ago Science brings NC Wyeth painting out of hidingAP - 2 hours 39 minutes ago Calif. kidnap suspect recorded love songs to girlsAP - 2 hours 49 minutes ago Honduras targets deposed leader over expensesAFP - Sunday, September 6 Anti-nuclear protest march against German U-turnAFP - Sunday, September 6 Most Popular – World Viewed Poignant final farewell as Jackson laid to rest US unemployment hits 9.7%, job losses narrow further Chappaquiddick 'haunts me,' Kennedy said World heading for climate 'abyss': UN chief First baby born from new egg-screening technique View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Sunday, 6 September 2009
Turkey's FM sure of eventual EU membership despite critics
No room for complacency on economy, IMF chief warns
Iran's Mousavi defiant after MPs back Ahmadinejad
Iran's Mousavi defiant after MPs back Ahmadinejad | International |
US sees global growth but 'challenges' ahead
Iran's Mousavi vows to fight poll 'fraud'
Marches for, against Chavez in divided Venezuela | International |
Woman's case reflects prisoners' treatment in Iran
Holy city twist: Arabs moving into Jewish areas
Russia says N. Caucasus rebels shot: report | International |
Twenty-five killed in south Sudan fighting
Mexico nabs suspected killer of 17 rehab patients | International |
Suspects released in Sarkozy death threats probe | International |
US, SKorea in top-level talks on NKorean nuclear programme
US general: Afghan civilians wounded at bomb site
Top official in China's volatile Urumqi sacked
After 8-year delay, VA program hopes to help vets
Transgender activist runs for mayor of Idaho town
China sacks top officials over Xinjiang unrest
Okada to be Japan's new foreign minister: Hatoyama
China boycotts opening of Taiwan-hosted games
NY mom charged after posing kids with guns
City leader sacked over China protests
US general inspects Afghan tanker airstrike site
'Terror' witness can sue senior Bush official: US court
US terror suspect fails to show in Pakistan court
Missing boy found alive, hidden at grandma's home
Pilot injured in Teterboro, NJ, crash dies
Recession hits nest eggs; US promotes ways to save
Obama's back-to-school message is responsibility
India promises $10 bln bond purchase: IMF
Chinatrust offers $2.4 bln for AIG Taiwan unit-source
Debts closing in on photographer Annie Leibovitz
'Accident' defies Hong Kong thriller genre
Austrian family seeks return of painting sold to Hitler: report
Calif. house owned by Groucho Marx for sale
German cineaste Herzog to teach 'guerrilla filmmaking'
Herzog screens 2 Golden Lion contenders
Michael Moore brings capitalist lovefest to Venice
Filmmaker Herzog is up against himself in Venice
US-Russia deal on Afghan flights takes effect
Anti-nuclear protest march against German U-turn
Ex-Google China chief to fund Chinese tech start-ups
Calm returns to China's Urumqi after officials sacked | International |
Astronauts conduct final spacewalk of Discovery mission
Vietnam frees blogger ahead of Australia visit
IEDs wreak havoc among foreign forces in Afghanistan
U.S. seeks clarity from North Korea on uranium | International |
US general promises Afghans inquiry into NATO air strike
Mexico nabs suspected killer of 17 rehab patients | International |
Six South Koreans missing in river near border | International |
Ex-Google China chief to fund Chinese tech start-ups | Technology |
Vietnam frees blogger ahead of Australia visit | Technology |
Obama adviser Van Jones resigns amid controversy
Malaysia Muslim protest derails Hindu temple plan
Magnitude-4.0 quake shakes Central Coast of Calif.
Call for firm action in China's restive Xinjiang
Hillary movie puts campaign finance limits at risk
3 killed, 880 people rescued from Philippine ferry
INSIDE WASHINGTON: A lawmaker's long reach
Vietnam reports 3rd swine flu death
Airplane trade ruling comes in era of bailouts
Vietnam police release detained blogger
U.S. seeks clarity from North Korea on uranium
For many, Labor Day just another stressful day
Dem negotiator: Time here for health care action
Myanmar's ethnic challenges in elections: analysts
Health care effort could depend on Maine's Snowe
Six South Koreans missing in river near border
Hong Kong reports 11th swine flu death
Top official in volatile Chinese city sacked
Crews dodge flying corks in Wyo. wine truck fire
US kidnapper Garrido told mum victim was his daughter
McDonald's takes McCurry to court again in Malaysia
G20 leaders left to-do list ahead of summit
SKorean TV giants tout differing technologies
Nokia strikes back against 'smart' rivals
India's budget airlines leave rivals in vapour stream
Apple's iPhone launch in China no easy task: experts
Hand gel on menu as Madrid restaurant fights swine flu
AIG sells asset management unit for $500 million
Suzuki Motor to build new auto plant in India: report
Weather presenters grapple with uncertain climate
Twilight life of Malaysia's Muslim transsexuals
'Sopranos' actor Imperioli directs first film
Moore pulls no punches in 'Capitalism: A Love Story'
Suspect released in probe of French filmmaker's death
In economic crisis, SAfrica designers practice 'chic-onomics'
Israel will approve new settlement homes: minister
New revelations add twist to ex-French PM's trial
Hundreds rescued from sinking ferry in Philippines | International |
British business chiefs upbeat about economy
Karzai inches toward Afghan poll win | International |
Israel to approve settlement expansion: minister
Israeli Cabinet backs new West Bank construction
Chevron awaits verdict in environmental damage case
Israel affirms plans to approve more settler homes
UK denies putting Libya first in IRA victims' row | International |
Israel PM to OK 100s of new settlements: minister
Kuwait to keep Citigroup, Merrill Lynch stakes: report
Israel affirms plans to approve more settler homes | International |
Yemen rebels deny breaking truce | International |
Iran says develops stealth missile interceptor system | International |
Mother comes out against Dutch girl's solo sail | International |
Police, poll protesters clash in Gabon's oil hub | International |
Fire no longer threatening LA-area communities
Former Australia PM Howard home from hospital stay
Workers find Bay Bridge crack; Shutdown could last
Okada to be next Japan foreign minister, media say
Obama's environmental adviser resigns: report
Philippine troops kill 4 communist rebels in south
Palestinians 'seriously considering' one-state
Nine dead as Philippines ferry sinks
China's Urumqi still edgy after officials sacked
Hundreds rescued from sinking ferry in Philippines
NKorea produces part 2 of Kim Jong Il documentary
Japanese prince, 1st male heir in decades, turns 3
3 policemen found shot in head in Pakistan
Lehman investors in Hong Kong protest central bank
US eyes recovery year after near financial meltdown
Michael Jackson glove fetches $49,000 in Australia
"Capitalism is evil," says new Michael Moore film
Michael Jackson's glove auctioned in Australia
Capitalism is evil, says new Michael Moore film | Entertainment |
US libraries hit back over challenges to kids books
Michael Jackson glove fetches $49,000 in Australia | Entertainment |
Roma kids discover the power of school
Lasseter sees more chance for animation at Oscars | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01