Month: February 2012
Loophole Puts Pension Plans at Risk
Seeking to cut pension costs, Jewish social service groups are using an obscure tax loophole to skirt federal rules that protect workers from being left out in the cold if their retirement plans collapse.
Signs Your Pension Plan Is in Trouble
If your pension plan is underfunded, you could be at risk of losing some of your benefits. That isn’t news. But did you know that your pension can be at risk even if the plan is relatively healthy?
Switch to ‘church plan’ pension status at Saint Peter’s University Hospital stirs concerns
Larry Kaplan is feeling anxious, and he’s not alone.Ten years ago, Kaplan retired from his position as a manager for nutrition services at Saint Peter’s University Hospital, and he now lives in Toms River with his wife, Gloria. He said he fully expected his defined benefit retirement plan would be secure under federal private pension […]
American Airlines pension default Q&A
American Airlines is heading toward the largest default of a defined-benefit pension plan in U.S. history.
Retirees face the risk of outliving their money
Treasury Department proposes a solution: annuities through workplace plans
Cracking Open Today’s Retirement Strategies
The days when workers could count on a comfortable retirement after a lifetime of company devotion are a distant memory for most. Public pension funds across the country teeter on the edge of collapse, and the traditional company pensions that sustained previous generations through their golden years are fading into the sunset.
The problem with Mitt Romney’s IRA
In the last few weeks Mitt Romney’s Individual Retirement Account has come under intense scrutiny because of the amount of money he has stashed away in it.The Wall Street Journal estimates the value of Romney’s IRA to be somewhere between a whopping $20 million and a staggering $101.6 million. Compare this to the numbers in […]
