PRC In the News
At DOL Hearing, Officials Seek Answers About Value of Investment Advice Disclaimers
Department of Labor officials asked panelists during hearings March 1 and 2 whether requiring certain conflicts of interest involving investment advisers to be fully disclosed would be as effective at protecting retirement plans, participants, and beneficiaries as prohibiting those conflicts of interest. Reproduced with permission from BNA Pension & Benefits Reporter, 38 BPR 459 (Mar. […]
Sen. Harkin: New retirement scheme hinges on advisers
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system.
Retirement Security: A Thing of the Past?
While pensions seem less affordable than ever, they remain the overwhelming retirement choice of consumers. According to new research, the Great Recession exposed such fundamental flaws in America’s retirement support system that consumers overwhelmingly think the current system is broken beyond repair.
An Overblown ‘Crisis’ For State Pension Funds
In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 billion — the equivalent of about $500,000 for each employee at the Wall Street titan.
Why employee pensions aren’t bankrupting states
From state legislatures to Congress to tea party rallies, a vocal backlash is rising against what are perceived as too-generous retirement benefits for state and local government workers. However, that widespread perception doesn’t match reality.
Let the 401(k) investor beware
A new report from the Government Accountability Office warns employees to watch out for biased investment guidance from the financial companies paid to set up and run their 401(k) plans.
Not your father’s retirement
My father never dreamed he’d live to be this old. His parents died in their seventies. But here he is, 98 years old and still playing golf.
Golden Years?
The problem isn’t that public-sector workers have too much retirement security. It’s that everyone else has too little.
What to do if your pension freezes over
Things have changed since Grandpa retired with his gold watch. The old-fashioned pension plan he was awarded for years of loyalty to his employer is going the way of the IBM Selectric typewriter.
Pensions or 401(k)s: Which is better?
Are you one of the few that still have a pension? Lucky you! More and more companies are ending pensions are opting for 401(k)-style plans and that isn’t the greatest news for many.
Bad news for boomers relying on 401(k) plans
The 401(k) generation is retiring with savings plans that are falling way too short.
