In the News • March 21, 2018
CNN Money covers research that finds Millennials face an uphill climb when it comes to saving for retirement. “If they are saving, it’s likely their employer offers a retirement plan, like a 401(k). More than 94% of Millennials who are eligible for a workplace retirement plan are saving. That’s about the same participation rate as […]
In the News • March 21, 2018
MarketWatch covers our new research on the retirement plight of Millennials. “Two-thirds of millennials, born between the 80s and mid-90s, have not saved a dollar for retirement, and it’s worse for minorities. About 83% of Latino millennials, for example, have nothing saved, according to a report from the National Institute on Retirement Security, which analyzed […]
In the News • February 15, 2018
Since 2009, nearly every state modified its retirement systems to ensure long-term sustainability, most often by increasing employee contributions, reducing benefits or both, according to the National Institute on Retirement Security (NIRS). During these deliberations, some retirement systems faced pressure to move from defined benefit (DB) pension plans to defined contribution (DC) 401(k)-type individual accounts, […]
In the News • December 7, 2017
Wearable fitness trackers have promised to get people moving, active, engaged, and connected. One company thinks they can even help people save for retirement. Bank of America received a patent for a system that, among other things, would create a personalized retirement score that could be updated with data from a customer’s fitness tracker. “Even […]
In the News • December 7, 2017
Many Americans struggle with retirement planning, but women face a particularly dismal outlook. The National Institute on Retirement Security reports that they’re 80% more likely than men to be impoverished at age 65 and older. What’s contributing to the financial insecurity of aging women? Here’s a look at the variables at play. Read the full article.
In the News • December 6, 2017
Kentucky has a looming pension crisis. The commonwealth expects to owe more money for state employees’ and teachers’ retirement than what’s coming in. Gov. Matt Bevin has proposed what he believes is a fix, but it’s been met with outrage by many of the state employees who would be affected. Read the full article.
In the News • November 22, 2017
With the debate on tax reform in full swing in Congress, tax incentives for savings appear to have avoided the chopping block. Yet, while sparing them doesn’t make it harder for American families to save for retirement, it doesn’t make it any easier either. There is much tax bill amending and horse trading still to […]
In the News • November 15, 2017
Only about 50 percent of working American adults feel prepared to live comfortably in retirement. It’s a figure that remains relatively consistent across age groups, but each generation faces a retirement predicament of its own. We spoke to Jennifer Brown, manager of research at the National Institute on Retirement Security, who has quick advice for three generations on […]
In the News • October 28, 2017
When the benefits adviser Ted Benna first thought up a new type of employee savings plan in 1980, the client he created it for rejected the idea as too risky. After all, no one had previously used the unremarkable section of the tax code called 401(k) to defer paying taxes on money that rank-and-file workers […]