Your money, your life, your future now becky quick. We begin with a blended family thats when one or both spouses bring at least one child from a previous relationship to their new marriage and as Sharon Epperson reports, for many step parents, combining families and finances can be particularly challenging special blend is this weeks cover story. At first glance, ronnie and lamar are a typical family they own a Media Company and live outside of atlanta with their four children. The two got married 14 years ago. It was basically love at first sight for lamar. For ronnie. They are blended. A couple that joins together with the children from one or both of their previous relationships. Ronnie already had two children before meeting lamar the couple had the youngest two after they married it kind of blindsided me. I wasnt intentional about what does this mean for me, my husband, for my kids navigating the complexities of a blended family can be difficult enough so couples often put off ha
Month of november and continues a trend weve seen all year. Earnings in focus, so is the fed. The economy is solid. Details of changes to the tax code are finally scheduled to be released tomorrow. When mixed together, this is how we started the new month. The Dow Jones Industrial average gained 57 points to 23,435. Nasdaq came off record levels to close down 11. The s p 500 added four. And as bob pisani reports, investors are putting their money into stock marke reporter Global Markets kicked off november with a bang. Weve already seen big inflows and record highs. Several key factors are driving the strong inflows, i mean good volumes. First and most importantly, Global Economic expansion and improved global earnings. Along with it are the primary drivers for stocks. Pro growth government in japan and india as well as in the u. S. Investors have high hopes for moderate leadership and the arrival of a tax bill, finally. In asia, the japanese nikkei closed at the highest level in 21 ye
Your life, your future. Now becky quick. Millions of people depend on their ira to fund their retirement. Sharon epperson has more. Former engineer ronald tusy is spending his retirement much like he imagined he would. What he didnt plan on was a prolonged legal battle with his former employer, abb, over his 401 k plan. It was very difficult to figure out exactly what it was costing you. He eventually filed a class action lawsuit, claiming the company failed to comply with federal law, causing Plan Participants to incur unnecessary and improper fees. We spent a year and nine months looking into industry practices and the abb plan and i came away convinced that people were being ripped off for their retirement assets. A Missouri Federal Court ruled in favor of tusy, but no one has received a penny. Since the case is still on appeal, abb said it could not comment on an open case but did say benefit offerings are reviewed regularly. Plan sponsor really need to be educated on, well, then w
Nest eggs. Unless you know to look at the costs of the funds in your retirement plan, you may end up with less money than you think. It could be a big retirement roadblock and that is our cover story today. Senior perm correspondent Sharon Epperson has more. Former engineer ronald tusey is spending his retirement much like he imagined he would. What he didnt plan on is a prolonged legal battle over his 401 k . Tussey claimed the company failed to comply with federal law, causing plan participants to incur unnecessary and improper fees. We spent a year and nine months looking into industry practices, and the abb plan. And i came away conviednc that people were being ripped off. For their retirement assets. A Missouri Federal Court ruled in favor of tussey. But no one has received a penny. Since the case is still on appeal, abb said it could not comment on an open case, but did tell us that, quote, benefit offerings are revd regularly to ensure they remain competitive and compliant as we
Costs of the funds in your retirement plan, you may end up with less money than you think. It could be a big retirement roadblock and that is our cover story today. Senior perm correspondent Sharon Epperson has more. Former engineer ronald tusey is spending his retirement much like he imagined he would. What he didnt plan on is a prolonged legal battle over his 401 k . Tussey claimed the company failed to comply with federal law, causing plan participants to incur unnecessary and improper fees. We spent a year and nine months looking into industry practices, and the abb plan. And i came away convinced that people were being ripped off. For their retirement assets. A Missouri Federal Court ruled in favor of tussey. But no one has received a penny. Since the case is still on appeal, abb said it could not comment on an open case, but did tell us that, quote, benefit offerings are revd regularly to ensure they remain competitive and compliant as well as cost effective. Experts who help Com