PRC In the News
Guess What? Social Security Has A Profit
You’ve probably heard that Social Security is going broke, not good news for most of those with hopes of a sane and fiscally-secure retirement. The reality is that for most households Social Security is a central source of retirement funding, especially as more employers have moved from defined benefit plans to defined contribution plans.
Faith in Wall Street puts retirement at risk [video]
Rachel Maddow reviews the ways Wall Street privatization has eroded the traditional pillars of retirement, leaving Social Security the only remaining reliable source of lasting income for Americans who don’t want to have to work until they die.
Borrowing from your retirement plan may avert foreclosure, but be aware of risks
With hundreds of thousands of homeowners facing imminent foreclosure and estimates of 2 million or more in the wings, are there any financial tools available to distressed borrowers that haven’t been tried yet?
IRS delays cash balance pension plan rules to at least 2013
The Internal Revenue Service is delaying by at least a year the effective date of cash balance pension plan rules it proposed last year.
Analysis: Pension woes are complicating retirement
Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to retire ahead of schedule.
Retired Delta pilots filing appeal over pensions
A group of more than 6,000 retired Delta Air Lines Inc. pilots reported Wednesday an appeal set to be filed with the Pension Benefit Guaranty Corp. to get back $600 million in pension benefits they say were lost during Delta’s bankruptcy in 2005.
Money 911: Lower your credit card debt [VIDEO]
CNBC’s Sharon Epperson answers a viewer’s question about a pension.
Are Democrats Eyeing 401(k)s, IRAs for Tax Hit?
Is your 401(k) safe from the tax man? That’s a question that might be worth asking, as the congressional “supercommittee” scrambles to find $1.5 trillion in additional deficit cuts.
Half of Non-retirees Question if Employer Plans are Adequate
According to a recent survey from Allianz Life Insurance Company of North America, 51% of non-retirees now question whether 401(k), 403(b), and 457 plans are adequate ways to save for retirement.
Ellen Schultz: “Retirement Heist”
Pensions were once considered a cornerstone of retirement, and in many cases, untouchable. But over the past two decades, companies large and small have cut employee pensions and slashed retiree health benefits — all the while turning huge profits on those plans. Guest host, Laura Knoy, talks with investigative reporter, Ellen Schultz, about the hidden […]
88% in poll say they’re worried about retirement
Retirement worries continue to grow, and the cloud of pessimism has blanketed all Americans.
Young people more likely to retire in poverty, according to study
Approximately half of California workers will retire in or near poverty, according to a study published Monday by the UC Berkeley Center for Labor Research and Education.
