Topic - Fidelity Investments

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  • How much do people need for health care in retirement? Probably double what they think

    Data from Fidelity Investments says 71 percent of respondents "expect to have better-than-average health in retirement."

  • Retired couples may need $240,000 for health care

    Couples retiring this year can expect their medical bills throughout retirement to cost 4 percent more than those who retired a year ago, according to an annual projection released Wednesday by Fidelity Investments.

  • Pedestrians walk past a sign in the window of the Chicago Workforce Center in Chicago instructing people how to file for unemployment insurance benefits online, Thursday, Aug. 19, 2010. The center offers employment assistance for job seekers. Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November. (AP Photo/Kiichiro Sato)

    Fidelity: 401(k) hardship withdrawals, loans up

    In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.

  • Alex Rosero, second from left, lines up for a job fair sponsored by the National Society for Hispanic Professionals Thursday, April 16, 2009 in New York. Rosero, of Queens, N.Y., lost his marketing job in July, 2008. "I feel a little bit more positive now because of the financial indicators. But still the economy imploding and looking for work is not a good combination," said Rosero. New jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time.

    LAWRENCE: How I saved the economy

    I recently changed jobs. The new position provided the opportunity to work with a world-class team and offered greater growth potential. It is a great position. The new position is not funded by federal stimulus money, but I know my actions saved or created jobs for others in this difficult economy. Therefore, I have estimated the impact on the economy to help the current administration keep an accurate accounting of the number of jobs saved or created.

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