Most Baby Boomers Will Work for Life
Many baby boomers will continue to work after retirement. The decision to work during the traditional retirement years may be a choice or beyond our control.
As Deficit Reduction Debate Rages, Groups Tell Congress to “Halt the Assault on Retirement Security”
WASHINGTON – While Congress fights over how to cut the federal budget deficit, 28 national organizations sent a letter to key members of Congress today, warning that proposed cuts to Social Security, Medicare, and traditional pensions would harm the retirement security of millions of retirees. The letter marks the launch of a new campaign to […]
J.P. Morgan survey: Paying bills trumps retirement savings
Saving for retirement has become a diminishing priority for 401(k) participants, according to a new survey by J.P. Morgan Retirement Plan Services.
Study Says You Might Need to Work into your 80s…But Where?
Say hello to the new breed of worker. 80 is the new 60. Plan to work into your 80s is the message of a new study, Retirement Income Adequacy, The Impact of Deferring Retirement Age released last week by the nonpartisan Employee Benefit Research Institute (EBRI).
No Pension, No Security
Using a carrot rather than a stick approach, traditional pensions encourage workers to retire after they reach a certain age, allowing employers to structure compensation to reflect the obsolescence of skills and potential physical and cognitive limitations associated with aging. But the advantages of defined benefit pensions appear to have been forgotten in the headlong […]
Many Hispanics face obstacles in retirement planning
Over the past several decades, many Hispanic-Americans and their families have come to this country for a chance to live in a place where freedom means endless possibility. For Americans of all ethnic backgrounds, this means freedom to live where we want, earn a living in the way that we choose and retire with the […]