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Banks must face interest rate swap class action -U.S. judge

NEW YORK, July 28- A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's biggest banks of conspiring to rig the $275 trillion market for interest rate swaps. District Judge Paul Engelmayer in Manhattan said 11 of the banks, including Bank of America Corp and JPMorgan Chase& Co, must defend against...

Source: Reuters

5 ways to save the 11-20% of your income you need for an 'adequate' retirement

With the right strategies, saving for your future doesn't have to feel like a burden.


Obama-era retirement savings program for workers gets the ax

NEW YORK— A savings program put into place under President Barack Obama and designed to get more people to put away money for retirement is being killed by the Treasury Department, which said it is too costly to maintain. Treasurer Jovita Carranza, in a release Friday. The Treasury Department said myRA savers had put away about $34 million since late 2015, and that...

Source: The Associated Press

Trump administration ends myRA program that helped people save for retirement

The U.S. Treasurer declared that the Obama-era program, through which 30,000 participants had saved $34 million, was too expensive.


Americans are financially happier than they've been in a decade

A gauge of how households are faring reaches a 10-year high.


Switching jobs? Don't forget that 401(k) plan

401(k)s are set up to aid in retirement savings, but many people have no idea how to manage their pension accounts when moving from job to job.


Survey: 34% of entrepreneurs don't have a retirement savings plan

One-third of entrepreneurs don't currently have a retirement savings plan, citing insufficient income as the top reason why.


Here's why some Americans are risking their life savings on a Bitcoin IRA

Despite Bitcoin's volatile nature, some mom-and-pop investors are choosing to pack their retirement savings into the popular cryptocurrency bitcoin.


Here's how much young people need to save to have an 'adequate' retirement

A new report determines how much you should set aside if you want "to achieve an adequate retirement income."


AustralianSuper CEO expanding in-house investment team

SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, aims to expand its in-house management of equities and infrastructure investments, but has no plans to include private equity managers, Chief Executive Ian Silk said on Thursday. AustralianSuper plans to manage half of its A $120 billion equities, fixed income, infrastructure and property...

Source: Reuters