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.
Retirement ‘Deficit’ Measured in Trillions
The financial gap between what Americans need for retirement and what they have is $4.6 trillion as a national aggregate and an average $48,000 per person, according to congressional testimony by the Employee Benefit Research Institute.
Women and retirement
Of women between the ages 75 and 84 live alone. This fact has terribly important financial implications.
Automatic IRA ‘death knell of private-pension system’: Attorney
Industry leaders are urging advisers to stand united against a measure in Congress that would require businesses without a retirement plan to institute an automatic individual retirement account.
Experts advise against using retirement accounts to pay for children’s college
Call it a cardinal sin of saving for college. As the cost of tuition, room and board continues to go through the roof, more parents are planning to crack open their retirement nest eggs to pay the bills, according to “How America Saves for College,” a report released this week by Gallup and college lender […]
