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Shelton, WA

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  • Local Officials Recognized For Professional Excellence

    TheresiaEhrichTheresia Ehrich, currently the Chief Administrative Deputy for the Mason County sheriff's Department and Cathy Beierle, Finance Director for the City of Shelton, two financial services professions, have earned the "Professional Officer Award" for the State of Washington from the Washington… Read More +

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  • Student Shooter Dead After School Attack

    SeaSchoolShooterPolice say a lone shooter is dead after an attack at a high school north of Seattle. Marysville Police Commander Robb Lamoureux (LAM'-or-oh) said the shooter was a student, but he did not have any additional information including where in the… Read More +

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  • Baldwin Optimistic About Seahawks Moving Forward

    baldwinDoug Baldwin was about to board the charter bus last Friday when he got word Seattle had traded Percy Harvin. Two days later, he sat in a St. Louis locker room after one of the best games in his career answering questions about whether he was involved in a preseason scuffle with Harvin. Baldwin and the Seahawks are ready to put the Harvin conversation in the past.

    Read More
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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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