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  • 2014 Trick-Or-Treater's Guide

    pumpkinsledgeThis year's Halloween should be an exciting night. The weather is predicted to be fair in the evening. Local businesses, organizations, and citizens are planning a variety of events and fun activities for kids and adults alike. As always, though, it… Read More +

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  • Seattle Trades Away Smoak

    smoak3312014Seattle Mariners Executive Vice President & General Manager of Baseball Operations Jack Zduriencik announced today that first baseman Justin Smoak was claimed off waivers by the Toronto Blue Jays. The Mariners Major League, 40-man roster is now at 39 players. Smoak, who turns 28 on Dec. 5, appeared in 496 games for the Mariners after joining the club on July 9, 2010.

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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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wsdot_tacoma - Previous NB I-5 crash near SR 18 leaves long back up. pic.twitter.com/Lcps6jKlXf

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WaHouseGOP - Recent study: #Obamacare sends health premiums skyrocketing by as much as 78% ow.ly/Dwxze via @washtimes

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westgov - Case study: How (and who) is using WGA's Crucial Habitat Assessment Tool? You might be surprised ow.ly/DwbyO

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wsdot_traffic - Sorry, all lanes except the HOV lane are OPEN on I-5 in Federal Way.

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