During the worst of the Great Recession, some companies stopped offering retirement plans to their employees; at the same time, many savers who had such plans stopped contributing to them, as they struggled with financial pressures like a spouse’s unemployment. But a new study from the Employee Benefit Research Institute, a non-partisan think tank, suggests […]
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Entries by mbeals
More workers have access to workplace retirement plans, and participation rates in plans are rising, too, according to a new report by the non-partisan Employee Benefit Research Institute. Read the full article at Pensions & Investments.
As my colleague Robert Pear reports, a new study from Sentier Research finds that four years after the start of the economic recovery, the median American household income is still down 4.4 percent. Incomes have risen a little since their recent trough in August 2011, but not enough to make up for the losses sustained […]
The trustees’ report that details the financial health of Social Security gets published each and every year with much fanfare and analysis. But there’s another publication that the Social Security Administration puts out each year that deserves just as much fanfare—a sort of FAQ for Social Security. Read the full article at The Wall Street […]
Playing with my 2 1/2-year-old granddaughter recently, it occurred to me there’s a very good chance she’ll be alive for another 90 or 100 years. As a result, she’ll most likely live through the potential long-term consequences of the dire headlines we read about now, such as global warming, pollution, overcrowding and excessive government debt. […]
A recent Goldman Sachs study focused attention on the impact of population aging on labor force participation. The authors had a much more ambitious goal than the simple point that I would like to emphasize. They were trying to determine whether the sharp decline in the labor-force participation rate (the percentage of the working population […]
It’s no wonder baby boomers worry about outliving their retirement savings. One out of four 65-year-olds today can expect to live past 90, and if they’re married, one of every four will live even longer. With 10,000 boomers turning 65 every day, it’s a big worry for 26% of the U.S. population. Read the full […]
Within the past few weeks, adviser Marc Shaffer has heard from two clients looking to tap their 401(k) plans, one for a family emergency and another to purchase land on which to build a home. As the economy makes a painfully slow recovery, financial advisers like Mr. Shaffer continue to hear from cash-strapped clients who […]