Payroll

Do you remember those traditional pension plans from days of yore? Although such plans are nowhere near as prevalent as they were back in your grandfather’s day – especially for employers that must cover dozens of employees or more -- there’s still a time and place for the “defined benefit plan.” In fact, this option might be a perfect fit for a small business with just one or just a handful of full-time workers in the fold.

Sixty-four percent of respondents have some type of emergency savings – even if it’s less than three months’ expenses, found the latest results of Bankrate's Financial Security Index. The monthly survey also found measures how secure Americans feel about their personal finances compared with 12 months ago and is conducted via telephone interviews conducted by Princeton Survey Research Associates International.

Military service brought soldiers, sailors and Marines to duty bases in Virginia, but the availability of defense-related jobs--along with everything else the Old Dominion has to offer--may have kept them here.

After more than a day of criticism from fellow state Republicans for allegedly failing to show leadership, Gov. Tom Corbett said Friday he has worked behind the scenes for long enough and will take his cause of pension reform to the public.

In the not-so-distant past, the Keogh plan was the hottest retirement planning commodity around. But like fax machines and VHS recorders, Keoghs are now regarded by many as relics. Nevertheless, this type of plan still might fit the bill for certain sole practitioners.

Initial jobless claims fell to near a seven-year low last week in a sign of continued improvement in the labor market.

Mortgage rates increased slightly following an improved jobs report from the Labor Department, according to mortgage news and comparison site, Bankrate.com. the benchmark 30-year fixed mortgage rate rising to 4.31 percent, and the average 30-year fixed mortgage has an average of 0.33 discount and origination points.

Florida added 22,620 private sector jobs during the month of June, according to the latest ADP Regional Employment Report which is produced by payroll firm ADP, in collaboration with Moody's Analytics.