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The key to a winning 401(k) plan

Retirement saving requires key decisions: when to start, how much to save and where to invest. The investing decision has drawn more attention as government regulators work to open 401(k) plans to alternative assets such as private market investments. Below, we compare the paths of two hypothetical retirement savers and their outcomes. A Tale of Two Retirement Savers Laura and JR are two 25-year-olds newly employed at the same company, in the same role. Step 1: Deciding to save On her first day at work, Laura committed 10% of her $75,000 salary to her 401(k). That earned her ...

Business briefs

NATIONAL CERTIFICATION: Iron City Wood Products, located at 900 Albert St., Youngstown, has earned national certification as a Women’s Business Enterprise through the Women’s Business Enterprise National Council. The council is a leading advocate for women entrepreneurs as the nation’s largest certifier of women-owned businesses. It recognizes businesses that are at least 51% owned, operated and controlled by women. Founded as a family business, Iron City Wood Products is a regional supplier of recycled, new and combination pallets serving the grocery, manufacturing and ...

Business briefs

NATIONAL CERTIFICATION: Iron City Wood Products, located at 900 Albert St., Youngstown, has earned national certification as a Women’s Business Enterprise through the Women’s Business Enterprise National Council. The council is a leading advocate for women entrepreneurs as the nation’s largest certifier of women-owned businesses. It recognizes businesses that are at least 51% owned, operated and controlled by women. Founded as a family business, Iron City Wood Products is a regional supplier of recycled, new and combination pallets serving the grocery, manufacturing and ...

The best used hybrid SUVs for less than $25,000

SUVs deliver many attributes that car shoppers love in a vehicle. Thanks to their elevated height, they provide a commanding view of the road. They also deliver lots of passenger space, roomy cargo holds, and often have strong safety ratings. Less appealing are higher fuel bills and the expense of buying an SUV that’s showroom-fresh. The experts at Edmunds have found five solutions on the used market to keep costs in line. Choosing a used hybrid SUV saves money at the point of purchase, and the hybrid engine helps lower the cost of refueling for many miles down the road. Using a ...

The best used hybrid SUVs for less than $25,000

SUVs deliver many attributes that car shoppers love in a vehicle. Thanks to their elevated height, they provide a commanding view of the road. They also deliver lots of passenger space, roomy cargo holds, and often have strong safety ratings. Less appealing are higher fuel bills and the expense of buying an SUV that’s showroom-fresh. The experts at Edmunds have found five solutions on the used market to keep costs in line. Choosing a used hybrid SUV saves money at the point of purchase, and the hybrid engine helps lower the cost of refueling for many miles down the road. Using a ...

Boeing defense workers ratify contract to end 3-month strike in the Midwest

Several thousand Boeing machinists in the Midwest who assemble military aircraft and weapons voted Thursday to approve a new contract, ending a three-month strike that saw them reject four earlier offers from the company. The breakthrough five-year labor agreement includes a 24% wage hike across the life of the contract and a $6,000 signing bonus, according to the union representing the 3,200 workers who walked off the job Aug. 4. “We’re proud of what our members have fought for together and are ready to get back to building the world’s most advanced military aircraft,” the ...