Employees must be vigilant on retirement assets
Op-ed by U.S. Secretary of Labor Hilda Solis on steps workers can take to protect their retirement benefits.
Work Until You’re Dead? That May Be the Only Option for Many Americans
Many Americans are likely to have to work until they are dead, not as a result of Social Security shortfalls but because of their inadequate 401(k) savings or the fact that they have no retirement plan at all.
Retirement onus shifts to individuals
As the responsibility to save for retirement shifts away from employers, investment experts say people need to be more involved in their own financial planning.
Americans in their 50s especially hard-hit by recession
In this bloody free-for-all of a recession, Americans in their 50s are really taking it hard on the chin. Their 401(k)s have been cut down to 201(k)s. Their pensions have been frozen, or worse.
Economy puts kibosh on retirement, workers fear
Get a sinking feeling every time you look at the 401(k)? Loading up on Spam and Hamburger Helper because of pay cuts at work? Such anxieties are now so common that nearly two out of three Americans doubt that they’ll ever be able to retire, according to a new survey.
Speech Given by Karen Friedman about the work of Retirement USA (November 10, 2010)
PRC Executive Vice President and Policy Director Karen Friedman spoke about the work of Retirement USA at a briefing on the failures of the 401(k), sponsored by Dēmos, the Economic Policy Institute, the Schwartz Center for Economic Policy Analysis at The New School, and the Pension Rights Center.
A sobering thought on International Day of Older Persons
October 1 is International Day of Older Persons, a day to raise awareness about issues affecting older people and to appreciate the contributions they make to society. So it is fitting that today we look at how older Americans are faring in retirement. One way to measure the wellbeing of the elderly is to measure […]
“Wake Up, Washington!” on Women and Retirement
As we approach the end of the second week of Retirement USA’s “Wake Up, Washington!” Month” we have learned a great deal about the challenges women face in retirement. Women face special challenges because they make less than men and spend less time in the workforce. Yet they typically live longer than men, requiring more […]
“Wake Up, Washington!” launch
This morning things were abuzz at the National Press Club as Retirement USA (an initiative of the Pension Rights Center and other partnering organizations) launched “Wake Up, Washington!” Month. The month is dedicated to raising awareness among policymakers about the Retirement Income Deficit faced by millions of Americans. We learned that the Retirement Income Deficit […]
PRC testimony to the Departments of Treasury and Labor on lifetime income options in 401(k) plans (September 14, 2010)
PRC Legislative Counsel Rebecca Davis testified before a joint hearing of the Departments of Treasury and Labor on the importance of lifetime income options in 401(k) plans.
Spike in 401(k) loans and withdrawals
Thinking about tapping into your 401(k) early? Think again – at least if you want a shot at a secure retirement. In a recent report, Fidelity Investments notes that the percentage of Fidelity customers who borrowed from their 401(k)s increased over the past year from nine to 11 percent. Currently, a whopping 22 percent of account […]
Happy 75th, Social Security!
Our birthday present to you is that we are going to stop policymakers from chopping you to pieces. Social Security, you’ve been providing an economic lifeline that millions of Americans rely on. It’s too bad that on your 75th birthday, you’re under siege like never before. What a bunch of ingrates, right? You’ve become so […]
