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Category: In the News

• In the News • January 14, 2020

  Everyone should be worried about Social Security and 401(k) plans — including the presidential candidates

  MarketWatch reports that “Democratic candidates have voiced their opinions on climate change, universal health care and the current president for months, but Tuesday marks the seventh and last debate before primary voting begins — and they still haven’t talked much about Americans’ future financial security.” Although their positions may be similar, considering they’re all Democrats, […]

• In the News • January 14, 2020

  Retirement Security Is On A Treacherous Path, New Report Warns

  A Forbes column indicates that retirement security is on a treacherous path for the future with dwindling pensions and proposals to cut Social Security. “The most surefire way to achieve a secure retirement is to have income from a three-legged stool of a defined benefit pension plan, a 401(k) combined with other personal savings and […]

• In the News • December 23, 2019

  We’re Getting Old, But We’re Not Doing Anything About it

  A New York Times opinion pieces says that “the aging of America demands serious reconsideration of the way we live. Confronting the issue and its many implications, from Medicare’s failure to cover long-term care to the ethics of physician-assisted dying, requires what seems to be the most difficult task for human beings — thinking about […]

• In the News • December 18, 2019

  Could New DB Plan Designs Solve for Retirement Savings Inadequacy and Inequality?

  Plan Sponsor reports that recent studies find 401(k)s have increased retirement savings gaps among demographic groups, and those in 401(k)s have not met their savings potential, while DB plans offer more equality. “The National Institute on Retirement Security (NIRS) has published an Issue Brief that contends financial asset inequality is exacerbated by regressive tax incentives […]

• In the News • November 16, 2019

  Boomer and Millennial Workers Agree Pensions A Plus

  Route 50 covers NIRS’ public opinion survey, State and Local Employee Views on Their Jobs, Pay and Benefits. “The National Institute on Retirement Security released survey results this week that show about 74% of millennial state and local employees said a pension benefit is a major reason why they chose a public sector job, compared […]

• In the News • November 11, 2019

  Retired Americans at risk financially as wealth gap widens

  Fox Business reports on NIRS research that finds that financial asset inequality among Americans continues to increase, and the inequality is consistent across generations. “Older adults in the U.S. are facing a record-high level of income inequality in the U.S., despite consistent economic growth. And the wealth disparity may be due to the differences in […]

• In the News • May 13, 2019

  NIRS Discusses Retirement Savings Shortfall

  A guest on Nevada Week, NIRS Executive Director Dan Doonan discusses the massive retirement savings shortfall confronting working Americans. Watch the full episode at ow.ly/YUq550u9z5P 

• In the News • April 3, 2019

  NIRS Comments on SECURE Act

  The National Institute on Retirement Security does not take positions on legislation, but told Yahoo Finance the bill’s provisions aimed at expanding access to retirement programs are an important step. “We see those things as promising, but probably not adequate to tackle the scale of the problem,” said Dan Doonan, executive director with the National […]

• In the News • March 21, 2018

  Watch NIRS on CNBC

  Diane Oakley, NIRS executive director, discuss NIRS latest research report on the struggles facing Millennials in saving for retirement. She says that a big part of the problem is that many Millennials are not eligible to save in their workplace retirement plans. Watch the full interview here:  http://cnb.cx/2G0VX02