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?
Retirement USA statement to the House Subcommittee on Health, Employment, Labor, and Pensionson on retirement security (June 14, 2011)
Retirement USA submitted a statement to the House Subcommittee on Health, Employment, Labor, and Pensions for its hearing on “Retirement Security: Challenges Confronting Pension Plan Sponsors, Workers and Retirees.” The statement discusses the Retirement Income Deficit, the need to keep Social Security and Medicare strong, and Retirement USA’s 12 principles for a new retirement system,
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.
Loans From 401(k)s Are on the Rise As Investors Tap Their Inner Banker
In spite of decades of advice to the contrary and the improving economy, millions of Americans are increasingly turning to what was once a lender of last resort—their 401(k) plans.
Lack of Pension Coverage Is a Serious Problem
When thinking about how secure people are going to be in retirement, we tend to put a lot of emphasis on the shift from the old-fashioned defined benefit plan (where people receive a benefit for life based on final earnings and years of service) to 401(k) plans (where the employee, and usually the employer, contribute […]
Court Grants Class Certification in First Horizon 401(k) Suit
The U.S. District Court for the Western District of Tennessee has granted conditional class certification in a lawsuit concerning the 401(k) plan of First Horizon National Corporation.
Senator cites the Retirement Income Deficit
In May, Senators Herb Kohl (D-WI) and Mike Enzi (R-WY) introduced S. 1020, the Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011, or SEAL Act. As we’ve described before, “leakage” occurs when people cash in their 401(k)s or take out loans against their 401(k)s so that they can use the money for […]
Most Americans Haven’t Planned for Retirement and Other Areas of Concern
The financial status of American households may be even darker than we thought.
