Month: October 2011
Talk of changing military pensions sparks debate
Driven by the need to cut the defense budget by $450 billion in the next decade, officials have raised the subject of military pensions, which are far more generous than what most Americans receive.
Changes Could Lead Millions to Abandon Retirement Plans
The government officials considering changes to how retirement savings vehicles such as 401(k)s work may want to note a survey this year by the Employee Benefit Research Institute.
UC Berkeley report sees tough times for California retirees
California workers are less likely than most Americans to have employer-sponsored retirement plans, according to a new academic report, and nearly half of them will retire in or near poverty status.
Has Your Retirement Been Stolen?
If you’re looking for a scary story to read this Halloween, try Retirement Heist.
Bring back good old pension plans
A study that compared defined benefit retirement plans — old-fashioned pensions — with defined contribution plans — 401(k)s and 403(b)s — in the public sector, concluded that not only do most participants prefer defined benefit plans, but also, they are more efficient and may in the end cost taxpayers less.
Many baby boomers face retirement of tight budgets, fading dreams
The baby-boomer generation is poised to blaze new frontiers in retirement as it has in other endeavors. Yet, in this case, many boomers are experiencing regret, frustration and resignation that the path their parents took is closed to them.
How Employers Raid Pension Plans
When it comes to threats to your retirement, there’s one you may have overlooked: your employer. In recent years, companies have been freezing pensions, slashing retiree health benefits and eliminating 401(k) contributions.
