The Future of Retirement? 401(k)s That Look Like Old-Fashioned Pensions
One of the biggest flaws in most people’s retirement plan is something that previous generations rarely worried about: monthly income guaranteed for life. But the fix is in, and before long your 401(k) may look a lot more like your dad’s pension.
Pension Authorities Sue Dewey Seeking Termination of Dewey Retirement Plans
On Monday, in a new turn of events adding to the despair of Dewey & LeBoeuf employees, the Pension Benefit Guaranty Corp has filed a lawsuit against the firm in a federal court in Manhattan. The federally-owned U.S. government corporation is seeking a decree to terminate a big number of Dewey retirement plans.
Owning your company’s stock, toxic or not?
Buying stock that then falls sharply is painful, especially for investors who also happen to be company employees.
Qualified Longevity Annuity Contract Rules Should Allow More Options, Commenters Say
A Treasury Department proposal to expand retirement income options is on the right track, but it requires some revisions to achieve the objectivesoutlined in the proposed regulation (REG-115809-11), a variety of interest groups said in public comment letters posted May 4.
Pension promises prove to be empty
Pension. Remember when that word provided a sense of financial security to loyal, dedicated workers who toiled for many years, even decades, for the same company? Not anymore.
Research Supports Limits on Borrowing from Retirement Plans
Research from Vanguard bolsters the argument for limiting the number of loans that employees can take from their 401(k) retirement accounts.
Is It Time to Rethink 401(k)s?
Like the proverbial elephant, the view of 401(k) plans depends on which part of the retirement beast you’re looking at. Started 30 years ago as a largely self-directed investment companion to traditional pensions, 401(k)s have been forced to grow up and become the nation’s primary private retirement-savings vehicle.
As Dewey Collapses, Partners and Retirees Face Big Financial Losses
For the law partners at Dewey & LeBoeuf, losing their jobs may be the least of their worries. They are likely to lose the money they were required to invest in the firm. They could lose their pensions.
49% of Americans saving zilch for retirement
America has a serious problem saving for retirement. About 49% of Americans say they aren’t contributing to any retirement plan, according to a new survey conducted by LIMRA, a trade association for the financial services industry.
Countering the Retirement Crisis
To help counter the growing retirement crisis for today’s workers, the Pension Benefit Guaranty Corp. has recently begun to spotlight its often-unnoticed mission “to encourage and preserve retirement plans of U.S. companies.”
Should You Accept a Pension Buyout Offer?
A group of 90,000 former salaried workers at Ford got an interesting offer late last month: In exchange for giving up the right to receive monthly pension benefits for the rest of their lives, the company would instead pay them an up-front lump sum of cash.
401(k) Plan Sponsors: Workers Can’t Afford to Retire
The retirement-plan industry regularly extols the virtues of 401(k)s and other retirement investment programs. Yet a survey of the heads of many big employer retirement plans found that nearly 80 percent of them agreed that “the days of working until the age of 65, retiring, and then never having to work again are generally over […]
