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.
Hey, Republicans and Democrats: Are you listening?
On NPR this morning, Morning Edition aired a story on the Republican Leadership Conference, which is taking place in New Orleans this weekend. At one point, the reporter interviewed two women who were waiting in line to meet former Arkansas governor Mike Huckabee. The interview includes this brief exchange, which comes at 1:20 in the […]
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?
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.
