Pink Piggy Bank On Top Of A Pile Of One Dollar Bills

Survey Says: Middle-Class Americans Aren’t Saving For Retirement

A new poll conducted by Wells Fargo has affirmed what other recent surveys have already found: many Americans are putting off saving for retirement, and a significant percentage of people have no retirement savings at all. This survey is of interest because it focused specifically on middle-class Americans. The results: Forty-one percent of middle-class ...
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You’ve Heard of Minimum Wage. What About a Minimum Pension?

Minimum wage laws are designed, in theory, to give every worker a livable wage and a decent standard of living. But what if the same concept was applied to retirement savings? Third Way, a moderate think tank, has proposed just that: a minimum, mandatory “pension” that all employers would give their employees based on hours worked. From the proposal: We ...

VIDEO: Pennsylvania Lawmaker Pushes For Hybrid Pension Plan

Republican Rep. Mike Tobash has taken to YouTube to promote his plan for a hybrid pension system in Pennsylvania. The plan was introduced July 2 as House Bill 1353. The group Pennsylvania Needs Pension Reform, which supports the plan and also hosts the above video on its YouTube account, provided a summary of the benefits on its website: What the Plan ...
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As Workers Grow Older, Their Retirement Contributions Get Bigger

As one grows older, one also grows wiser. Perhaps that explains the findings of a recent survey, which found that workers contribute more to their retirement accounts–both in terms of dollar amount and percentage of salary–as they get older. From Pension Benefits: Our study revealed that 60.2% of employees were saving for retirement at ...
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Retirement Confidence Climbing (For Most) As Workers Become More Engaged With Their Plan

A recent survey reveals that more workers are confident in their retirement income in 2013 than in 2009, but most are still worried about their long-term prospects–especially those 50 and older. From Pension Benefits: Retirement confidence climbed between 2009 and 2013, and nearly one-quarter of employees are now Very confident’ of having ...
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The Double DB Plan: An Experiment in Plan Design

Watch the latest video at video.foxbusiness.comÈ Several retirement plan consultants have put their heads together and come up with an interesting new idea for designing defined benefit plans. Why is it interesting? Because it’s a defined benefit plan, but it is fixed-cost; on top of it, the creators claim that both employees and employers will ...
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