PRC In the News
401(k) funds must disclose fees under new rules
Starting in 2012, participants in 401(k) and 403(b) retirement plans will finally see how much they are paying in fees, which should help them make better investment choices and pressure employers to improve high-cost plans.
Retirement Plan Participants Keep Dropping
The number of employees participating in a retirement plan continued to drop last year, continuing a trend that intensified during the recession and reaching its lowest level in a decade.
Kodak retirees hear about potential pitfalls
The photo and imaging company has many times more retirees than employees, which leads to some potentially unsettling choices the company might have to make regarding retiree benefits and pensions.
Genworth: Caregiving Slams Retirement Savings
Caring for a loved one can play havoc with the caregiver’s efforts to save for retirement.
Retirement ‘Deficit’ Measured in Trillions
The financial gap between what Americans need for retirement and what they have is $4.6 trillion as a national aggregate and an average $48,000 per person, according to congressional testimony by the Employee Benefit Research Institute.
Women and retirement
Of women between the ages 75 and 84 live alone. This fact has terribly important financial implications.
Automatic IRA ‘death knell of private-pension system’: Attorney
Industry leaders are urging advisers to stand united against a measure in Congress that would require businesses without a retirement plan to institute an automatic individual retirement account.
Experts advise against using retirement accounts to pay for children’s college
Call it a cardinal sin of saving for college. As the cost of tuition, room and board continues to go through the roof, more parents are planning to crack open their retirement nest eggs to pay the bills, according to “How America Saves for College,” a report released this week by Gallup and college lender […]
401ks: America’s Biggest Investment Fraud Was Foreseen and Preventable
Calling these workplace mainstays a “retirement plan” ought to be a crime.
Workers Not Saving Enough to Get 401(k) Match
It’s free money, yet a large percentage of Americans are increasingly leaving it on the table.
40% of Workers Plan to Delay Retirement
Four in 10 workers are planning to delay their retirement, according to a survey of 9,100 employees by Towers Watson. Sixty-eight percent of older workers said they were making the delay to keep healthcare coverage, and 61% blamed the decline in their 401(k).
Shift in retirement benefits
Attorney Richard Urda explains changes in pension guarantees.
