Financial Planning

President Obama didn’t drop any bombshells in his State of the Union address delivered on January 28. But he did unveil a new retirement-saving concept called the “MyRA” (a wordplay on IRA). As the president explained, this account will be designed to encourage retirement savings by workers who don’t have access to employer plans like 401(k)s. It is hoped that the MyRA can help bridge the gap facing millions of Americans who haven’t set aside enough for retirement. But will it turn into a dud?

As U.S. companies grow increasingly concerned about the financial well-being of their workforce, a new survey by Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, finds that employers are looking for new ways to improve the long-term financial health of their employees in 2014.

Financial security remains elusive for almost half of Ohio households, which often are one medical issue, pink slip or other crisis away from plunging into severe poverty, according to a new report from the Corporation for Enterprise Development.

A budget is based on a set of assumptions that are generally not too far distant from the operating conditions under which it was formulated.

In the aftermath of the data breach that potentially exposed the credit and debit card information for 80 million shoppers, Target sent out an official email stating that the company would offer one free year of credit monitoring through Experian.

Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.

The American Institute of CPAs today recognized Steven Levey, CPA/PFS, CGMA, with the AICPA Special Recognition Award for 2014. The Institute presents the award to individuals who have made outstanding contributions to a particular area of the profession.

You’ve heard the mantra a thousand times: It’s never too early to start saving and planning for retirement. Whether you’ve heeded that advice closely or have let time slip by, it’s also not usually too late to have a positive effect on your retirement finances.