Month: January 2011
Because We’re Living Longer, More Americans Will Run Out of Money in Retirement than Previously Expected
Financial planners now predict we could live an average of 30 to 40 years in retirement not the 20 to 30 years as previously believed.
Ex-Wife Entitled to 401(k) Account Balance
Even though an ex-wife waived her right to her now-deceased ex-husband’s 401(k) plan savings, she is still entitled to the money, a federal judge in New Jersey has ruled.
American Workers Leaving Retirement Savings on the Table
Many Americans aren’t rolling their retirement savings into an individual retirement account or a new 401(k) when they switch employers, Dutch bank ING Direct says.
New Congress means little pension action ahead
The Republican takeover of the House combined with the narrow retention by Democrats of their Senate majority in Tuesday’s election means that executive branch agencies will be taking the lead on pension issues over the next two years, pension industry lobbyists said.
Will Your 401(k) Plan Survive?
Recent market turmoil and regulatory changes are driving both employers and workers to reassess their retirement plans.
Social Security rules penalize California public employees
In retirement, Maggie Ellis, like tens of thousands of her teaching colleagues — and firefighters, police officers, and other public employees in California and a dozen other states — will face the consequences of two little-understood provisions of Social Security.
Lawsuit charges business owner diverted 401(k) money
The U.S. Department of Labor is suing a Dover businessman in federal court for failing to deposit some of his employees’ contributions into retirement accounts before his printing company went out of business.
Retirement Reform Grumbles Spark Rebukes
Brokers are bracing for federally mandated change in how they explain fees and present information to their retirement-minded investors. The grumbles have begun, but defenders of the law are also speaking up.
What Do Retirement Plans Need In Order to Work?
For defined contribution plans to work, large U.S. retirement plan sponsors believe they should be mandatory, and include auto enrollment, savings escalation and employer contributions, according to a study released on Monday by Northern Trust.
Job market squeezes many seasoned workers
Retirees wanting to work struggle to find employment.
Survey shows American workers are delaying retirement
The economic downturn has many Americans postponing retirement to build up lost savings, a national survey recently found.
Retirement not option for many Oklahomans
Many Oklahomans are working well past age 65 to make ends meet.
