We’ve all heard the old adage, “A mother’s work is never done.” From surviving sleepless nights with a newborn, to navigating the tumultuous teen years, to gently guiding adult children through life’s challenges, a mother’s job is forever. Another complexity for mothers is safeguarding their family’s financial security while also saving enough for their own […]
Pension benefits are important for providing retirement security to teachers, but their value goes beyond that. Teacher pay often is lower when compared to others with similar educational credentials, and solid benefits can help close that compensation gap. Additionally, pensions act as magnets for keeping career teachers in the classroom. Pension benefits are accumulated over […]
In a new Forbes column, Dan Doonan writes that the United States is not the only nation facing a retirement savings crisis. He says that many advanced, post-industrial democracies are struggling with similar challenges presented by an aging population. And just like in the U.S., these countries may have a variety of different retirement savings […]
In a Forbes column, Dan Doonan writes that there are pragmatic solutions to shore up Social Security’s financing. Two approaches that deserve particular consideration: addressing the “tax max” issue and increasing contributions. Whatever the solution, policymakers must act now. If we get to 2033 without action, retirees across the board will see a 24 percent […]
In a new Forbes column, NIRS Executive Director Dan Doonan writes that most working Americans will continue to struggle to achieve retirement security because the ownership of financial assets is highly concentrated among the wealthiest. He explains that a new analysis, Stark Inequality, examines the role of race in financial asset ownership. Boomer, Gen X, […]
High Retirement Anxiety For Millennials and Generation X
In a new Forbes column, Dan Doonan, NIRS executive director, says that many Americans are worried about retirement. But, substantial differences emerge across generations. Millennials (72 percent) and Generation X (59 percent) are significantly more more pessimistic about achieving financial security in retirement as compared to Baby Boomers (43 percent) and the Silent Generation (26 […]
Now Is The Time To Re-Think Retirement Plan Conventional Wisdom
In a Forbes column, Dan Doonan says that retirement plan design can make or break an employee’s ability to maintain their standard of living in retirement. But over the past several decades, many private sector companies implemented a complete overhaul in retirement plan design, shifting from defined benefit pensions to 401(k)-style defined contribution accounts. As […]
For Mother’s Day, Forget the Flowers and Get Retirement Security for Moms
In a Forbes column, NIRS Executive Director Dan Doonan says there is one thing we all can do on Mother’s Day – commit to finding solutions that deliver better retirement security for women. Many Americans are struggling to save for retirement, but women face even higher hurdles. The causes include the gender pay gap, longer […]
Florida lawmakers are considering legislation that would eliminate retirement plan choice for state employees. The proposed measure would do away with defined benefit pensions for newly-hired employees, offering only a 401(k)-style defined contribution plan. Other states and localities that have implemented dramatic shifts to their public employee retirement plans have experienced unfortunate, unintended consequences – […]
Tackling Retirement Would Be Bi-Partisan Win for Biden
In a new MarketWatch column, Dan Doonan says President Joe Biden faces many challenges, from the coronavirus pandemic to high unemployment to widespread social unrest. He’s also facing resistance from Congress and a politically polarized nation. But where Biden’s efforts enjoy bipartisan support is solving the retirement savings crisis. Despite deep divides, Americans are united […]
