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 […]
401ks: America’s Biggest Investment Fraud Was Foreseen and Preventable
Calling these workplace mainstays a “retirement plan” ought to be a crime.
Workers Not Saving Enough to Get 401(k) Match
It’s free money, yet a large percentage of Americans are increasingly leaving it on the table.
40% of Workers Plan to Delay Retirement
Four in 10 workers are planning to delay their retirement, according to a survey of 9,100 employees by Towers Watson. Sixty-eight percent of older workers said they were making the delay to keep healthcare coverage, and 61% blamed the decline in their 401(k).
Shift in retirement benefits
Attorney Richard Urda explains changes in pension guarantees.
How pension plans are impacting the economy and what employers can do about it
With corporate contributions to 401(k) plans diminished to about 1 percent of payroll, an unforeseen problem has incubated over the past 30 years. Now faced with inadequate savings, rising health care costs and a decade of poor stock market returns, baby boomers are delaying retirement.
Skating on a frozen pension
Fortune 1000 companies continue to freeze their pensions at a steady pace in this uncertain economy, according to a recent Towers Watson study.
Some employees see return of 401(k) matches, but many still waiting
While the bean counters have proclaimed the recession over and corporate profits are again rising, most Americans are still waiting for proof. For many, a sure sign of recovery would be a return of the company 401(k) match.
As recession lingers, more people making hardship withdrawals from retirement funds
Like tens of thousands of others, Christina and Keith Rybolt felt they had no choice when they tapped into their 401(k) retirement accounts in 2009 and again this year.
