Five retirement planning mistakes to avoid
Retirement planning is a whole new world when compared with the reliable three-legged stool that the World War II generation relied on.
Blacks, Hispanics hold few investments, poll shows
As the economy emerges from the recession and the national debate turns to limiting the cost of the social safety net, only one in four African Americans and one in six Hispanics reported owning stocks, bonds or mutual funds, a new poll shows.
PBGC premium hikes in federal budget debated
The federal budget proposal that gives the PBGC new authority to increase premiums on the retirement plans it insures and impose higher premiums on riskier plans raises more questions than it answers, experts say.
New federal rule should reveal hidden fees eating away at your 401(k) investment
Members of a local law firm approached Orlando financial planner Paul Auslander with a problem: They suspected that fees were taking too big a bite out of their 401(k) retirement plan, but they had no way of knowing for sure.
Retiring Boomers Find 401(k) Plans Fall Short
The 401(k) generation is beginning to retire, and it isn’t a pretty sight.
BP Faces ERISA Lawsuit
Investors in various ERISA plans that invested with BP, such as ERISA pension funds, have filed a lawsuit against BP, saying the company committed securities fraud by making fraudulent statements about its commitment to safety.
ERISA Class-Action Suits Shape U.S. Retirement Future
In the absence of a national retirement policy, litigators in the courts — not lawmakers — have played an outsize role in shaping America’s retirement future. Why? Participant-directed defined contribution plans, most often 401(k)s, did not exist as mainstream retirement schemes when ERISA was created.
Nightmare for Elderly Might Not Be Unavoidable
The demographics of an aging nation are inexorable while living standards for future retirees are increasingly uncertain. A mandatory savings plan would bring greater financial security in old age.
What’s in a Name?
At the Pension Rights Center, we deal with a lot of technical language that can be puzzling to people who don’t work on retirement income issues. But the meaning of words is important, even if you don’t use them every day, and, when it comes to the law, a word’s meaning can make all the […]
Report Highlights Continued Decline in Defined Benefit Plans
Only 49 percent of 200 of the largest U.S. companies had ongoing defined benefit plans in 2009, down from 61 percent in 2006, according to Mercer’s Retirement, Risk and Finance Perspective.
DC plan fee disclosure rules delayed
Defined contribution plan providers got a reprieve Friday on new fee disclosure rules after the Department of Labor’s Employee Benefits Security Administration pushed back the applicability date to Jan. 1, 2012.
3 Ways to Conquer Pension Envy
The haves and have-nots in retirement could be defined by who has access to a traditional pension. Those with an employer-sponsored traditional pension will get guaranteed payments for life, while everyone else must depend on their own saving and investing savvy.
