Labor Department Rule Expands Adviser Responsibility for 401(k) Plans
The U.S. Department of Labor wants to expand accountability for employer-sponsored retirement plans to investment advisers.
U.S. Pension System Ranks Low
A new report comparing pension systems in 14 countries, ranks the U.S. a lowly 10th, behind the Netherlands, Switzerland, Sweden, Australia, Canada, the United Kingdom, Chile, Brazil and Singapore.
New retirees shortchanged: 6- to 12-month waits for full pension checks
Energy Department employees Karen and Lavelle Adams of Upper Marlboro, Md., retired in June. Since then, it’s been a nightmare.
Seniors, some nearing 80, continue working to make ends meet
As politicians argue about how to contend with Social Security’s projected shortfall, local seniors show how tight the system already is. And with last week’s announcement of a second year without cost-of-living adjustments, 2011 promises no relief.
Working Hard To Save For Retirement? Work Harder
Each year since 2006, Congress has declared the third week of October to be National Save for Retirement Week. But because of the weak economy and falling home prices, retirement experts say many Americans are in worse shape for retirement now than they were four years ago.
Nurses rally for pension security at RUMC
About 100 registered nurses and their families rallied for pension security last night outside Richmond University Medical Center in West Brighton.
Retirement issues likely a hot topic in new Congress
Regardless of which party is in control of Capitol Hill after the November elections, retirement issues are sure to rise to near the top of the congressional agenda.
401(k) funds must disclose fees under new rules
Starting in 2012, participants in 401(k) and 403(b) retirement plans will finally see how much they are paying in fees, which should help them make better investment choices and pressure employers to improve high-cost plans.
Retirement Plan Participants Keep Dropping
The number of employees participating in a retirement plan continued to drop last year, continuing a trend that intensified during the recession and reaching its lowest level in a decade.
Kodak retirees hear about potential pitfalls
The photo and imaging company has many times more retirees than employees, which leads to some potentially unsettling choices the company might have to make regarding retiree benefits and pensions.
Genworth: Caregiving Slams Retirement Savings
Caring for a loved one can play havoc with the caregiver’s efforts to save for retirement.
