Why IBM’s new retirement plan has the industry buzzing

February 5, 2024


International Business Machines, better known as IBM (IBM), has set the retirement industry abuzz. Rather than doing a 401(k) match, the tech giant will contribute to a “retirement benefit account,” a type of benefit that is more similar to a pension. Yahoo Finance Senior Columnist Kerry Hannon explains the plan and why it's shaking the retirement industry up. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.

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Sweet Briar College in Virginia has instituted an admissions policy that bars transgender women next school year, making the school an outlier among the nation’s diminishing number of women’s colleges. The private women’s liberal arts school said the policy stems from the legally binding will of its founder, Indiana Fletcher Williams, who died in 1900.…

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