Personal Finance

Your Money in the News

Fed Overstates Impact of Dollar, Oil on Inflation, Goldman Says

U.S. inflation, which the Federal Reserve has tied to its decision of when to raise interest rates, is being restrained more by labor market slack than the transitory influences of a stronger dollar and lower oil prices, Goldman Sachs Group Inc. economists said.

Markets

Bond Traders Soothed by Draghi Before Data on Euro-Area Growth

Bond investors can look forward to next week with reassurance from the European Central Bank that it will act to counter deflationary pressures. Next they need to prepare for a euro-area economic report that will keep growth issues in the spotlight.

Retirement

How to Find -- and Afford -- Your Second Act

Stat

$5.7 billion

The Internal Revenue Service collected about that much in 2011 from penalties for early withdrawals from 401(k) retirement savings accounts

Videos: In The Money

U.S. Jobless Rate Drops to 7-Year Low

(Bloomberg) -- Johns Hopkins University’s Jon Faust and Bloomberg’s Matthew Boesler discuss how the low jobless rate meets the Federal Reserve’s goal with Bloomberg's Alix Steel and David Gura on "What'd You Miss?" (Source: Bloomberg)

Deep Distress: The Dilemma Over Debt Exchange Deals

Creditors of drillers and miners are getting fed up with depressed commodities prices and are clamping down on deals that would help heavily indebted companies ride out the slump. Bloomberg's Jodi Xu Klein has more on "Bloomberg Markets." (Source: Bloomberg)