National / International News

Drug resistance 'global threat'

BBC - Wed, 2014-04-30 04:05
Resistance to antibiotics poses a "major global threat" to public health, according to a report by the World Health Organization.

VIDEO: Mother still unsure where baby ashes are

BBC - Wed, 2014-04-30 04:04
Dorothy Maitland, whose baby's ashes were disposed of by Mortonhall Crematorium, says: "I'm just not sure that my daughter's ashes are there".

Australia Rebuffs Possibility Of Flight 370 Wreckage In Bay Of Bengal

NPR News - Wed, 2014-04-30 04:03

A marine exploration firm says it has found what may be debris from the missing plane in the Bay of Bengal. But the head of search efforts off Australia says his team is "looking in the right place."

» E-Mail This

VIDEO: Inside ex-lawyers' chocolate factory

BBC - Wed, 2014-04-30 03:57
As small business output gets a boost, the BBC's Steph McGovern takes a guided tour of British chocolate manufacturers Montezuma's.

Day in pictures: 30 April 2014

BBC - Wed, 2014-04-30 03:50
News photos from past 24 hours: 30 April

VIDEO: Speaker: The Prime Minister has finished

BBC - Wed, 2014-04-30 03:49
David Cameron does not welcome the Speaker's interruption as he mocks Labour's appointment of a US election adviser.

PM's tribute to air crash servicemen

BBC - Wed, 2014-04-30 03:49
The prime minister pays tribute to two Welshmen killed in a helicopter accident in Afghanistan last weekend.

Zero hours - a work in progress

BBC - Wed, 2014-04-30 03:49
What have we learned about controversial contracts?

Afghans 'repel big attack on base'

BBC - Wed, 2014-04-30 03:47
Afghan forces backed by Nato air power repel an assault by more than 300 militants on an army base close to the Pakistani border, officials say.

Prince Harry and Cressida split up

BBC - Wed, 2014-04-30 03:46
Prince Harry and his girlfriend Cressida Bonas have broken up after two years together, with the split said to be "amicable".

Third Met PC sacked over 'plebgate'

BBC - Wed, 2014-04-30 03:44
A third Metropolitan Police officer is sacked over the "plebgate" row that followed a Downing Street argument between police and MP Andrew Mitchell.

Worker put students at HIV 'risk'

BBC - Wed, 2014-04-30 03:43
Hundreds of University of Derby students were put at risk of HIV and Hepatitis B infection after a university worker reused syringe barrels, the university says.

Bad Behavior From A Sports Franchise Owner? That's Not New

NPR News - Wed, 2014-04-30 03:43

As the Donald Sterling controversy unfolds, commentator Frank Deford recalls scandals surrounding other team owners, and penalties they did or didn't pay.

» E-Mail This

Spain sees economy pick up pace

BBC - Wed, 2014-04-30 03:42
Spain's economy grew at its fastest quarterly pace since 2008 during the first three months of the year, the country's statistics body says.

Poison case nurse 'won life battle'

BBC - Wed, 2014-04-30 03:29
A dental nurse who was accused of lacing her boss's coffee with mercury says she won "the battle of her life" when she heard the case had been dropped.

Co-op report blames Britannia deal

BBC - Wed, 2014-04-30 03:25
The Co-operative Bank's merger with the Britannia building society in 2009 should never have happened, a major review of the organisation has concluded.

VIDEO: Many tributes in book of condolence

BBC - Wed, 2014-04-30 03:18
A book of condolence has been filled with tributes and messages of support for the family of Ann Maguire, the teacher who was fatally stabbed in Leeds on Monday.

Alliance Party office petrol bombed

BBC - Wed, 2014-04-30 03:18
Seven bombs are thrown at an Alliance Party office in east Belfast, the police say.

Children aged 10 getting drug help

BBC - Wed, 2014-04-30 03:13
Ten-year-olds among scores of Welsh youngsters referred to specialist drug and alcohol treatment services.

The person managing your future, revealed

Marketplace - American Public Media - Wed, 2014-04-30 03:12

Like it or not, more and more Americans have their futures wrapped up in Wall Street. Old age once included a sizable pension paid for by the employer you retired from. But these days, many Americans have to fend for themselves by saving and investing through 401(k)s and other retirement accounts. That means putting money into the complicated and mysterious gears of Wall Street.

Liz Gross is part of that. The 31-year-old Oconomowoc, Wisconsin resident invests a chunk of her salary in a 401(k). Like many Americans, she thinks of herself as something of a novice when it comes to investing.

“I understand the basic ideas of investing and saving early,” she says. “As far as picking the stocks and the funds that I should be in, it’s not something I’m entirely comfortable with.”

That’s why she chose a target date mutual fund, a popular choice these days. The idea is investors choose the year they want to retire and the fund does the rest. (Ideally, they also check the fund’s fees first.) Each is a little different, but the basic idea is the investments become more conservative over time as the retirement date draws near.

Since so many Americans are investing this way, we thought it’d be interesting to connect Gross with the person managing her future. After we talked to Gross and learned about her investments, we called up Andrew Dierdorf, a portfolio manager at Fidelity. His team oversees nearly $200 billion dollars in retirement money, including the fund Gross has invested in. The futures of millions of American, including Gross, are quite literally in his hands.

We connected them both an invited Gross to ask him questions.

Gross: This is definitely your wheelhouse and not mine, so I kind of wanna turn the tables on you and ask how do you plan for your retirement and have you thought about investing in a target date fund?

Dierdorf: They’re my sole holding in my 401(k) account. So, I struggle with a lot of the same types of issues around making sure that I have my asset allocation appropriate as I’m moving through time. So I’m eating my own cooking.

Mark Garrison: Meet Liz Gross.

Liz Gross: I’m 31 and I live in Oconomowoc, Wisconsin. I have a 401(k) in which I invest a portion of my salary.

Her job kicks in money too. But unlike traditional pensions, she has to figure out how to invest. Alicia Munnell runs Boston College’s Center for Retirement Research.

Alicia Munnell: All the risks and responsibilities have shifted to the employee, that is, to us.

A nation of untrained investors faces choices with lifetime consequences.

Gross: I understand the basic ideas of investing and saving early, but as far as picking the stocks and the funds that I should be in, it’s not something I’m entirely comfortable with.

That’s why Gross chose a target date mutual fund. You choose the date you wanna retire and the fund changes over time to fit that. If you’re smart, you also check the fees first. Since so many Americans are investing this way, we thought it’d be interesting to connect her with the person all the way up the chain.

Andrew Dierdorf: Hi, Liz.

Gross: Hi, Andrew.

Andrew Dierdorf manages the Fidelity fund Gross has. His team oversees nearly $200 billion dollars. The retirements of millions of Americans are quite literally in his hands. So Gross wasn’t shy.

Gross: What is it that you know and what you’ve learned that makes you the person to manage this instead of me, to have me put my trust in you?

He gave the answer you might expect about his experience and the team. But then, Gross threw a curveball.

Gross: This is definitely your wheelhouse and not mine, so I kind of wanna turn the tables on you and ask how do you plan for your retirement and have you thought about investing in a target date fund?

Dierdorf: They’re my sole holding in my 401(k) account. So, I struggle with a lot of the same types of issues around making sure that I have my asset allocation appropriate as I’m moving through time. So I’m eating my own cooking.

Liz Gross felt good about her decision after the talk. Make sure you get answers too. Your job may be able to connect you with free professional advice.

Gross: I just hope other folks are having these conversations with people they trust so that we’re taken care of when the time comes to quit working and go have fun.

In New York, I'm Mark Garrison, for Marketplace.

ON THE AIR
On the Media
Next Up: @ 11:00 am
Performance Today

KBBI is Powered by Active Listeners like You

As we celebrate 35 years of broadcasting, we look ahead to technology improvements and the changing landscape of public radio.

Support the voices, music, information, and ideas that add so much to your life.Thank you for supporting your local public radio station.

FOLLOW US

Drupal theme by pixeljets.com ver.1.4