PRC In the News
How Much Are We Really Saving in Our 401(k)s?
Most people approaching retirement who are lucky enough to have an employer-sponsored retirement plan will have a 401(k). This pattern is particularly true in the private sector where defined contribution plans dominate; most public sector workers continue to be covered by traditional defined benefit plans, which pay benefits for life based on years of service […]
Report: Working Women ‘Markedly Less Confident’ About Retirement than Men
Working women not only earn less on average than their male counterparts. They also set aside less money for retirement, raising the prospect of financial difficulties later in life, according to a report released June 14.
Workers Unhappy with 401(k) Plans
Workers who save in 401(k) plans generally like the tax perks and employer matching contributions these accounts often provide. But many employees remain skeptical that a 401(k) alone will propel them to a secure retirement.
The good news about public pensions
A funny thing, even as foes continue to slam the cost of public pensions, the pensions themselves and the plans that provide them continue to become more stable and affordable.
Study Says You Might Need to Work into your 80s…But Where?
Say hello to the new breed of worker. 80 is the new 60. Plan to work into your 80s is the message of a new study, Retirement Income Adequacy, The Impact of Deferring Retirement Age released last week by the nonpartisan Employee Benefit Research Institute (EBRI).
No Pension, No Security
Using a carrot rather than a stick approach, traditional pensions encourage workers to retire after they reach a certain age, allowing employers to structure compensation to reflect the obsolescence of skills and potential physical and cognitive limitations associated with aging. But the advantages of defined benefit pensions appear to have been forgotten in the headlong […]
Proposal To Protect Retirees’ Nest Eggs Becomes Latest Lobbying Flashpoint
Is it too much to ask of professionals who give investment advice to retirement plan participants to have the best interests of those retirees in mind?
Pension tax breaks not off-limits to deficit fighters
Two leaders of a group of senators who are trying to convert last year’s recommendations from the presidential deficit commission into legislation say they will take a hard look at eliminating tax breaks that they say contribute to the nation’s fiscal imbalance.
Many Hispanics face obstacles in retirement planning
Over the past several decades, many Hispanic-Americans and their families have come to this country for a chance to live in a place where freedom means endless possibility. For Americans of all ethnic backgrounds, this means freedom to live where we want, earn a living in the way that we choose and retire with the […]
Nonprofit Weighs in on Electronic Disclosure Debate
The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries with the interests of efficient plan administration.
Many of us won’t be able to retire until our 80s
You’ll probably have to work much longer than you anticipated
401(k) Fees Can Shave Thousands From Nest Egg
Millions of Americans save for retirement by using 401(k) accounts, employer-based retirement plans that help workers put a portion of their salary into mutual funds or other investments. But most of those plans have fees and hidden expenses.
