ext weath Jan2015

ext weath jan15m

 
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Shelton, WA

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  • Better Cell Service For Senior Center

    sc pavilionA commercial grade cell phone booster was installed January in the Pavilion/Mason County Senior Activities Center. “We are happy to announce that those who rent the Pavilion event venue or come to the senior center activities during the day will be pleased to find… Read More +

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  • USCG Search For Plane Crash Survivors

    boat hoodcanalUPDATE: — The Coast Guard suspended the search for a survivor of a plane crash after searching for more than eight hours near Seabeck, Washington, Monday. “Our prayers and heartfelt wishes go out to the friends and loved ones of those affected by this tragedy,”… Read More +

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  • Mariners Sign Veteran Outfielders

    mariners logo5Seattle Mariners Executive Vice President & General Manager of Baseball Operations Jack Zduriencik announced today the club signed veteran outfielders Endy Chavez and Franklin Gutierrez to minor league contracts with invitations to Major League Spring Training.

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Top CEO Rails Against 401(k) Programs

b_250_0_16777215_00_images_obgrabber_2013-11_28cd228107.jpgiStock/Thinkstock (NEW YORK) -- More than 50 million Americans have 401(k) retirement plans. That's the good news, according to Charles Schwab Chief Executive Walter Bettinger. The bad news is that the median 401(k) balance is barely over $40,000, hardly enough to retire on. Bettinger told the National Press Club Monday that he's angry with the 401(k) system making it too expensive for Americans to save money for their golden years.

 

Not only should overall fees be lowered to make building a 401(k) plan more affordable, but Bettinger says that 401(k) programs should also go the extra mile and provide people with a money manager.

The CEO explained, "Research we've done on plans at Schwab show that employees working with an independent professional double their savings rates and set up a far superior investment allocation."

Copyright 2013 ABC News Radio

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