Home » Archives by category » Topic Categories » Benefits & Compensation » Retirement Benefits
Making Financial Decisions When You Lose Your Job

Making Financial Decisions When You Lose Your Job

By TARA SIEGEL BERNARD — About 1.7 million people lose their jobs every month, creating a hugely stressful situation and requiring potentially life-altering choices. Beyond the emotional toll, many individuals agonize over potentially life-altering financial decisions, including how best to manage any money they may be going out the door with. Source: The New York Times – The […]

Gallup: Fewer Will Rely On 401(k) in Retirement Than Pre-Recession

Comments Off on Gallup: Fewer Will Rely On 401(k) in Retirement Than Pre-Recession
Gallup: Fewer Will Rely On 401(k) in Retirement Than Pre-Recession

Retired Americans rely on Social Security as a major source of income By Rebecca Riffkin, Gallup Prior to the Great Recession, most Americans planned to rely on a 401(k), IRA, Keogh, or other retirement savings account when they retire. Today, 48% of Americans say they would rely on a 401(k) account in retirement — a […]

Continue reading …

Income, Age Key Factors in Retirement Funding Expectations

Comments Off on Income, Age Key Factors in Retirement Funding Expectations
Income, Age Key Factors in Retirement Funding Expectations

By JEFFREY M. JONES, Gallup— Non-retired Americans’ expectations about which sources they will rely on to fund their retirement differ significantly by their annual household income. Upper-income non-retirees are much more likely to say investments, such as a 401(k), IRA and other retirement savings accounts or individual stock investments, and work-sponsored pension plans will be […]

Continue reading …

Average U.S. Retirement Age Rises To 61

Comments Off on Average U.S. Retirement Age Rises To 61
Average U.S. Retirement Age Rises To 61

By ALYSSA BROWN, Gallup—  The average age at which U.S. retirees say they actually retired is now at 61, up from 57 in the early 1990s. These results are from Gallup’s annual Economy and Personal Finance survey, conducted April 4-14. The average retirement age has crept up by four years over the past two decades, […]

Continue reading …

Older Workers Delay Retirement, No End In Sight For Many

Comments Off on Older Workers Delay Retirement, No End In Sight For Many
Older Workers Delay Retirement, No End In Sight For Many

The Conference Board—Even as stock prices rise, unemployment drops, and overall recovery takes hold, more U.S. workers than ever are delaying retirement, according to a report by The Conference Board, Trapped on the Worker Treadmill? “It’s disconcerting that the two years in which the U.S. economy seemed to finally, if fitfully, turn the corner also left […]

Continue reading …

Recessions Are Killer, Cutting Short Older Workers’ Lives, Study Finds

Comments Off on Recessions Are Killer, Cutting Short Older Workers’ Lives, Study Finds
Recessions Are Killer, Cutting Short Older Workers’ Lives, Study Finds

Recessions can be fatal for older workers. A new study shows recession’s toll on health and reveals unexpected advantages of Social Security and Medicare for older workers, those in their 50s and 60s. The study conducted by Wellesley College economists found that over time, a recession can have significant, adverse effects on the health of […]

Continue reading …

PBGC Bails Out Hawker Beechcraft Pension Plans

Comments Off on PBGC Bails Out Hawker Beechcraft Pension Plans
PBGC Bails Out Hawker Beechcraft Pension Plans

The Pension Benefit Guaranty Corporation (PBGC) will assume benefit payments for more than 9,500 workers and retirees from two of Hawker Beechcraft, Inc.’s pension plans under a bankruptcy court agreement announced Thursday, Jan. 31, 2013. The settlement also includes $2.5 million to those salaried retirees whose benefits exceed those paid by PBGC under rules set […]

Continue reading …

A Backyard Pup Tent Retirement Plan For Broke Boomers

Comments Off on A Backyard Pup Tent Retirement Plan For Broke Boomers
A Backyard Pup Tent Retirement Plan For Broke Boomers

By RICK BELL, workforce.com– Since the financial meltdown hit and my retirement investments largely were blown to bits, I joke with my kids that they’d better buy a house on a big enough plot of land for me to comfortably locate my future digs. Nothing fancy, I tell them; enough room in the backyard for […]

Continue reading …

The Democratization Of The Stock Market That Never Happened

Comments Off on The Democratization Of The Stock Market That Never Happened
The Democratization Of The Stock Market That Never Happened

By Heidi Shierholz, Economic Policy Institute— Despite minute­-by-­minute dissection of the stock market in the news media, the share of the population of the United States owning stock is surprisingly low. Even when including shares purchased indirectly through retirement accounts, in 2010, less than half (46.9%) of all households had stock holdings. Less than a […]

Continue reading …

EBSA Launches 401(k) Retirement Savings Fee Disclosure Website

Comments Off on EBSA Launches 401(k) Retirement Savings Fee Disclosure Website
EBSA Launches 401(k) Retirement Savings Fee Disclosure Website

Your 401(k) has retirement savings plan been costing you money. How much? Until now it was difficult, if not impossible to tell for sure. Now, for the first time, you can find out exactly how much you are paying for 401(k) plan. The U.S. Department of Labor’s Employee Benefits Security Administration has announced a new […]

Continue reading …
Page 1 of 212