PRC In the News
Tour golfers worry little about retirement, thanks to the best pension plan in sports
Since turning professional in 1996, Joe Ogilvie has won exactly one PGA Tour event, the 2007 U.S. Bank Championship in Milwaukee. He has finished second three times, been third twice and out of the top 10 in 313 of the 338 events he has started.
Pension plans’ funding ratios keep rising, reports say
The funding ratio of corporate U.S. defined benefit pension plans improved for the eighth consecutive month in April, according to two reports released Thursday.
401(k)s Primarily Benefit the Wealthy
High income employees receive the majority of the tax benefits of 401(k)s, according to a new Government Accountability Office report. The analysis found that 401(k) tax benefits accrue primarily to highly paid employees and do relatively little to help lower income workers save for retirement.
Man charged nearly $200,000 for pension overpayment
A pension problem for a long-time retiree nearly wiped him out.
I can’t believe I am writing a column about Social Security
Although I became eligible to join the American Association of Retired Persons way back in 2005, I ignored their advances until I realized membership could save money on a car rental. So I enrolled.
401(k) fees a mystery for most participants, AARP finds
Participants in 401(k) plans are “largely unaware” of fees that they pay, according to an AARP report based on a survey conducted by the organization.
Why Young Workers Want a Good Old-Fashioned Pension
The conventional wisdom is that young people today are inured to the idea that they will change jobs repeatedly over their careers, and that because of that, they don’t really think much about pensions. But it turns out that the conventional wisdom is wrong.
Can I Take Money Out Of My 401K During My Divorce?
As a Divorce Financial Strategist™ I am frequently asked, “Can I take money out of my 401K before/during my divorce?”
Oklahoma House panel kills bill that would prevent nonmilitary ex-spouses from getting retention pay
A House committee killed a measure Monday that would have prevented extra earnings for military veterans with at least 20 years of service from being declared marital assets in divorce proceedings.
Pensions May Now Struggle With Lump-Sum Payments
With the stock market up, many beleaguered corporate pension plans are healing. But because of regulatory quirks and recent tinkering by Congress, fewer plans could meet minimum requirements to allow investors to take lump-sum distributions rather than less popular annuity-style payments this year.
The Rising Price of Retirement
As more people work part-time rather than hit the greens, the formula for how much they need to live on is changing. Their tax rate may not fall, and expenses may be higher than planned
Pension Hunting
As an Internal Revenue Service flyer warns, “Mistakes in benefit plans can–and do–happen.”
