Guaranty Corporation

I am writing to dispel some misinformation about the auto industry ''bridge loan.'' If the Big Three collapse, the impact on the U.S. economy would be devastating. The Center for Automotive Research estimates that a shutdown of the Big Three would have...

The problem: I bought long-term care insurance for me and my spouse years ago. With all the news about the potential failure of insurance companies, I'm concerned about my benefits. Are we protected? The expert: Elder-law attorney Michelle Jablonsky...

At this time of year, as a long time retired steelworker, I am thankful for the Pension Benefit Guaranty Corporation. I am not thankful for a quick bailout of the auto industry. I am thankful for consideration to help the U.S. automobile industry survive....

The first consideration should be whether the automakers will be capable of paying back the loan. What is their business plan for becoming competitive enough to sustain future profitability? Secondly, if there is no action on the government's part and...

Is your retirement plan ready for 2009? Whether you're saving for retirement or already living in it, you will need to be aware of the annual adjustments to tax brackets, retirement-plan rules, Social Security thresholds, pension limits and health-...

Question: I am 59 years old and need to make a career change due to the high level of stress and the effect it is having on my health. I have about $3,000 in savings and $160,000 in my 401(k) plans. My mortgage payment is $1,710 per month, and I have...

The 18th Century English essayist Samuel Johnson confessed that he found abstinence from alcohol far easier than temperance. That may also be the case for the federal government when it comes to bailing out failing businesses. Having stepped in to save...

In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership. The action, announced by the...

The federal agency charged with backstopping pension benefits for 44 million Americans lost almost $5 billion on its investments in stocks in the budget year that ended Sept. 30, the agency head acknowledged yesterday. The Pension Benefit Guaranty Corp....

Are the Big Three worth saving? The U.S. auto industry's downward spiral has accelerated dramatically in recent weeks. In a desperate bid for solvency, General Motors Corp. is seeking a merger with Chrysler. Chrysler has talked with Renault and Nissan...

While millions of Americans agonize over retirement investments in stocks that have dropped 40 percent or more over the past year, workers with seemingly safer defined-benefit pensions promised by their employers also have growing reason to be concerned....

Volatile stock and commodities markets have slashed the portfolio value at the nation's largest public pension fund by about 20% since July 1, the California Public Employees' Retirement System reported Wednesday. The loss, if not recovered by the end of...