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.
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.
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 […]
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 […]
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 […]
Findings Debunk Inaccurate & Misleading Assertions about Teacher Pensions Webinar on Thursday, October 26th at 11:00 AM ET WASHINGTON, D.C., October 26, 2017 – A new report finds that defined benefit (DB) teacher pension plans work for both schools and teachers, and that there are important policy reasons to continue offering these retirement plans. The research […]
Retirement crisis: 401(k) plans may be safe for now, but that does not change the fact that many Americans have little save for their later years. Read the full transcript.
CHANGES TO SAVER’S CREDIT WOULD SUBSTANTIALLY IMPROVE RETIREMENT SAVINGS FOR LOW AND MODERATE INCOME WORKERS Lack of Retirement Plans is Key Factor Obstructing Millions of Americans from Reaping the Benefit of Tax Credit Webinar on Thursday, October 12th at 11:00 AM ET WASHINGTON, D.C., September 26, 2017 – A new report says that the underutilized Saver’s […]
PENSIONS IMPROVE QUALITY OF U.S. PUBLIC EDUCATION SYSTEM AND REDUCE TEACHER TURNOVER Magnetic Effect of Pensions Helped Retain 32,000 Teachers, Saved Up to $284 Million Nationally in Turnover Costs WASHINGTON, D.C., September 25, 2017 – A new research brief analyzing the effectiveness of defined benefit (DB) pensions on teacher retention and productivity finds that pensions play […]
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