In the News • February 11, 2017
“The multitrillion-dollar retirement savings gap in America is a financial crisis of mind-boggling scope. It is also a moral one. That became clearer this week when a fast-track resolution was introduced in Congress to undermine Oregon and a handful of other states that are trying to make retirement saving easier for lower-income workers, many of […]
In the News • February 10, 2017
“One of the best ways to help people save money for retirement may soon be blocked by Congress. This week, two Republican Congressmen introduced bills that would effectively prevent states and cities from setting up automatic retirement programs for small business workers. More than 30 states are in various stages of developing these savings plans, according to the Georgetown […]
In the News • February 10, 2017
“One of the best ways to help people save money for retirement may soon be blocked by Congress. This week, two Republican Congressmen introduced bills that would effectively prevent states and cities from setting up automatic retirement programs for small business workers.” Read the article.
In the News • February 6, 2017
“Large employers are backing two Congressional resolutions that would put a stop to burgeoning state and city-mandated workplace retirement savings programs meant to cover the 55 million American workers without a private sector plan. The vote could come next week, and is causing alarm among retirement security watchdogs and the states that are rolling out […]
In the News • February 6, 2017
Like a number of enormous long-term problems in the U.S., the retirement savings crisis isn’t getting much constructive political attention. There’s a national shortfall in retirement savings, estimated at $4.13 trillion for heads-of-households aged 25-to-64, by the Employee Benefit Research Institute, and at $6.8 trillion or more by the National Institute on Retirement Security; 29% of those […]
In the News • January 27, 2017
“Nationwide, Hispanic and African American households have average retirement savings of $30,000, one-fourth of the $120,000 saved by white households, according to a 2013 report from the National Institute on Retirement Security. Those realities are expected to strain social and senior services in the United States for decades, as even families on the high end of […]
In the News • January 10, 2017
The Wall Street Journal recently ignited an online forest fire when some of the early champions of the 401(k) surprisingly disclosed a change of heart, seeing that the retirement investment accounts haven’t lived up to their expectations. Why the lament? Herbert Whitehouse, a former Johnson & Johnson human-resources executive, and one of the first in the U.S. to urge […]
In the News • January 5, 2017
Americans face a host of retirement challenges. The transition to defined contribution (DC) plans hands more responsibility to workers to provide for themselves in retirement. Fiscal pressures on Social Security and Medicare place the future of those systems in doubt. Rising healthcare costs add further uncertainty. And slow growth in real household income and rising […]
In the News • January 2, 2017
The dominant vehicle for retirement savings has fallen short of its early backers’ rosy expectations; longer life spans, high fees and stock-market decline. Read the article here.