Month: February 2014
EXPLAINED: The nation’s retirement savings crisis, in two charts
One look at the chart above says all you need to know about the costs of retirement for public workers in San Jose, California’s third-largest city: They are soaring.
Evaluating 401(k) Plans in a House of Mirrors
Every few months, a financial services company releases numbers touting the success of 401(k) plans. 401(k) account balances are higher than ever! 401(k) plans are working just fine! There is no retirement crisis! However, like magicians, these firms don’t want you to see what’s behind the numbers. New reports from Fidelity Investments and the Vanguard […]
Protecting Detroit’s Pensioners Protects American Values
In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama’s myRA, Senator Tom Harkin’s USA Retirement Funds Act, and Senator Bill Nelson and Senator Susan Collins’ Retirement Security Act.
Detroit: Protecting Pensioners is Key to the City
In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama’s myRA, Senator Tom Harkin’s USA Retirement Funds Act, and Senator Bill Nelson and Senator Susan Collins’ Retirement Security Act. The merits of each proposal can […]
The Activist Awards
Suppose our country had another Academy Awards gala for citizen heroes – those tiny numbers of Americans who are working successfully fulltime in nonprofit groups to advance access to justice, general operations of our faltering democratic society, and the health, safety, and economic well-being of all citizens.
State’s leading business group down on proposed pension bill
The state’s leading business group is firing a warning shot about new legislation that would require Connecticut companies not providing retirement benefits to direct employees toward a state-sponsored program.
Dialed-up employee outcry causes AOL to dial back 401(k) changes
If you’re an AOL employee who went away for a long weekend you might have missed the hubbub about your 401(k) plan. Here’s a recap: On Thursday AOL announced that it would make its 401(k) matching contribution to workers’ 401(k) plans in one lump sum at the end of the calendar year. The outcry was […]
AOL Reverses 401(k) Policy After Blowback
Like boomers (and all workers for that matter) don’t have enough to worry about when it comes to saving enough for retirement. Now actions by AOL’s Tim Armstrong may be setting a dangerous example for other companies to follow suit.
A big week in retirement security
Each year the State of the Union address allows the President to have a conversation with the American people while outlining his priorities for the coming year. In this year’s speech, President Obama not only acknowledged that millions of Americans are facing a retirement crisis, he announced the creation of a new savings plan for […]
More New Retirement Account Proposals
Americans are way short in their retirement savings and President Obama’s MyRA plan that he unveiled last week isn’t the only new proposal that aims to help with that problem.
Sen. Harkin Proposes Bill to Expand Workers’ Access to Retirement Plans
Sen. Tom Harkin (D-Iowa) unveiled long-awaited legislation that proposes to provide all workers with access to a retirement plan through automatic payroll deductions, particularly workers who currently don’t have access to employer-provided retirement plans.
Finally, a retirement plan friendly to smaller savers?
Under the president’s plan, myRA retirement accounts would be available to U.S. workers who don’t have access to a 401(k) plan.
