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Enron files for bankruptcy – 2001 December 02

On December 2, 2001, the Enron Corporation files for Chapter 11 bankruptcy protection in a New York court, sparking one of the largest corporate scandals in U.S. history. An energy-trading company based in Houston, Texas, Enron was formed in 1985 as the merger of two...

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What is financial flexibility and why is it so important?

A healthy balance between planning for today and the future is more important than you might think.   Thanagon Karaket / EyeEm | EyeEm | Getty Images   Select’s editorial team works independently to review financial products and write articles we think our...

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6 Ways to Bounce Back After Being Forced into Retirement

Many folks leave their careers before they had planned, and this type of sudden retirement can be a financial shock. Here are six strategies to help get you back on solid ground moving forward.   Getty Images When it comes to retirement, expectations and reality...

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Armistice Day: World War I ends – 1918 November 11

At the 11th hour on the 11th day of the 11th month of 1918, the Great War ends. At 5 a.m. that morning, Germany, bereft of manpower and supplies and faced with imminent invasion, signed an armistice agreement with the Allies in a railroad car outside Compiégne,...

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Top 7 Reasons to Roll Over Your 401(k) to an IRA

The benefits of rolling over your 401(k) when you leave a job Whenever you change jobs, you have several options with your 401(k) plan account. You can cash it out, leave it where it is, transfer it into your new employer's 401(k) plan (if one exists), or roll it over...

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Entrance to King Tut’s tomb discovered – 1922 November 04

British archaeologist Howard Carter and his workmen discover a step leading to the tomb of King Tutankhamen in the Valley of the Kings in Egypt. When Carter first arrived in Egypt in 1891, most of the ancient Egyptian tombs had been discovered, though the little-known...

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St. Louis’s Gateway Arch is completed – 1965 October 28

On October 28, 1965, construction is completed on the Gateway Arch, a spectacular 630-foot-high parabola of stainless steel marking the Jefferson National Expansion Memorial on the waterfront of St. Louis, Missouri. The Gateway Arch, designed by Finnish-born,...

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