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Yahoo! Finance: Retirement News

To avoid layoffs, companies consider pay cuts (CNNMoney.com)
An annual 3% raise used to be considered stingy. Now, some employees will be happy if their salary doesn't go down in the coming year.

Taxes, spending cuts on Conn. legislative agenda (AP)
Now that Connecticut lawmakers have taken their oaths and moved into their offices, they face the daunting task of trying to erase billions of dollars in fiscal red ink.

No 'crisis' but ND pension funds take beating (AP)
North Dakota's pension funds for state employees and teachers lost more than 20 percent of their value last year although the drop should not affect their ability to pay benefits, the state's investment officer said.

Columbia's Amar Bhide and NYU's Nouriel Roubini (BusinessWeek)
"When you have an integrated global economy there are not many places to hide because markets [and economies] become correlated"

Pension Losses Will Devour Corporate Earnings (BusinessWeek)
Consulting firm Mercer reports pension plans have suffered their steepest one-year drop in 20 years, and companies are squeezed for cash to make up the shortfall

Your Top Five Financial Goals for the New Year (Morningstar.com)
Recover from a tough market by focusing on what you can control.

To avoid layoffs, companies consider pay cuts (CNNMoney.com)
An annual 3% raise used to be considered stingy. Now, some employees will be happy if their salary doesn't go down in the coming year.

NBT Bancorp not participating in gov't program (AP)
NBT Bancorp Inc. said Wednesday it has chosen not to participate in the government's $700 billion bank investment program.

Six big retirement obstacles the incoming president must tackle (at MarketWatch)
President-elect Barack Obama has plenty on his plate as his inauguration nears, what with wars in the Middle East and a financial crisis -- and $1.2 trillion dollar deficit -- here at home.

These Leisure Stocks Can Put Your Money to Work (Morningstar.com)
We think these companies will survive and prosper once again.

Choosing your tax return form (Bankrate.com)
The 1040, 1040A and 1040EZ each offer taxpayers different filing options. Which is right for you?

Social Security unveils new online application (AP)
The Social Security Administration, envisaging the near-future prospect of 10,000 baby boomers applying for benefits every day, has put together a new online service that will allow people to get their benefits without ever traveling to a Social Security field office.

Flee, or stay the financial course? (Bankrate.com)
Financial planners advise investors not to make hasty decisions in this turbulent and uncertain market.

Take control: Understanding investing fees (AP)
Dismal market performance in 2008 has many investors thinking about a new investment strategy for the coming year -- a key element of which should be to slash investment fees.

Washington Post managing editor stepping down (AP)
Philip Bennett, The Washington Post's managing editor, is stepping down after four years as the paper's No. 2 news executive, the Post reported on Monday.