Month: April 2012
A New Chapter of Pension Plan Woes
Pensions used to be a reliable stream of retirement income, but these twists and turns could put a pension benefit in jeopardy.
The 401(k): Americans ‘just not prepared’ to manage their own retirement funds
When lawmakers added a subsection to the tax code called the 401(k) more than three decades ago, they could not have imagined that this string of three numbers and a letter would become a fixture in the financial lexicon.
Can we call it a comeback…for DB plans?
I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers. According to the 2011 Towers Watson Retirement Attitudes Survey, younger workers are increasingly recognizing that guaranteed income in retirement should play a role in the decision-making process when selecting […]
Tax credit a benefit for lower-income workers
Lower-income workers can get a little-known tax credit worth up to $1,000 each year if they contribute to an individual retirement account or workplace plan such as a 401(k), 403(b) or 457.
