Retirement insecurity: Two studies underline housing and income challenges
Next Monday marks the sixth anniversary of the bankruptcy filing of Lehman Brothers, a key event in the Wall Street meltdown that led to the Great Recession. The recession wreaked havoc on the...
View ArticleYear-end tips for retirement savers young and not-so-young
It’s year-end, and retirement savers of all ages need to check their to-do lists. These year-end lists often feel to me like endless, laborious chores, so I decided to limit suggestions in my Reuters...
View ArticleOpen letter to Mark Zuckerberg: Use that $45 billion to rescue retirement for...
An open letter to Mark Zuckerberg: I hear that you plan to give away 99 percent of your Facebook shares for philanthropic purposes – what a great idea! You already had 1.2 million “likes” this morning...
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Why a mandatory retirement saving plan still isn’t dead in the U.S.
Teresa Ghilarducci In today’s New York Times, I examine the prospects for a universal, mandatory retirement saving system in the U.S. The idea has long been left for dead, since the concept of employer...
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Fed rate hike: Start of something good for retirees?
Janet Yellen, chairman, Federal Reserve The interest rate hike announced today by the Federal Reserve is a major milestone for retirees, who have been caught between a rock and hard place ever since...
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When not to save for retirement
Everyone should save for retirement – that is a mantra we have all heard endlessly. But for many people, saving for retirement actually should be fairly low on the financial priority list – well behind...
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How gender pay gap haunts women even in retirement
Kathleen Burns Kingsbury The gender pay gap is a hot topic in the presidential campaign, and President Barack Obama has been hammering on it, too. Women who work full-time, year-round, made just 79...
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How the little-known Saver’s Credit could work better for low-income workers
It sounds too good to be true: some workers can get a double tax benefit by saving for retirement. But the federal Saver’s Credit does just that by providing a second layer of tax incentives for...
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Is a mandatory U.S. retirement saving plan in your future?
Make a list of the most toxic words in American politics, and “employer mandate” certainly would be in the top 10. Requiring employers to provide health insurance to workers is one of the most...
View ArticleFive ways to improve retirement math when you haven’t saved
A large segment of American workers are approaching retirement with very little or nothing saved: Among workers age 55 or higher and nearing retirement, 48 percent have saved less than $100,000,...
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How part-time work hurts retirement security for millennials, minorities
The Great Recession took any number of wrecking balls to the retirement security of American workers, including wages and pension benefits, home equity and savings. But one of the less understood areas...
View ArticleGrading Obama’s performance on retirement and aging issues
In his farewell address last week, President Barack Obama quoted something his mother used to tell him: “Reality has a way of catching up with you.” Here is one reality that really is catching up with...
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Senate could aid retirement saving by doing nothing
At the risk of stating the obvious: People are much more likely to save for retirement when they can do it automatically at work. How much more likely? Ten times, according to a study released this...
View ArticleWill Republicans fund tax cuts by tapping retirement piggy bank?
Tax reform is up next for our Attention Deficit Disorder Republican government, which just rushed through a chaotic, ugly battle to reform our complex healthcare system. The fight over tax reform...
View ArticleNew state retirement plans are welcome, but why so expensive?
Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for retirement if they do not already have a workplace 401(k). Eight other states are getting ready...
View ArticleRetirement savers, how much market risk can you handle?
Allan Roth has decades of experience constructing retirement investment portfolios for clients, but he never predicts the direction of the stock market. He does, however, predict human behavior....
View ArticleIdea of payroll deductions to meet emergency needs gains steam
Stuff happens. And when the stuff comes in the form of an economic emergency, we all need a way to cushion the financial blow. Job loss, health emergencies or a fall in income can destabilize...
View ArticleWill open MEPs create new opportunities for financial advisers?
This will be an important year for efforts to get more American workers covered by workplace retirement plans, especially those who work for small employers. Several big states will roll out programs...
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