retirement savings

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MyRAs Not Enough to Fight &#39;Retirement Crisis&#39;
MyRAs Not Enough
to Fight 'Retirement Crisis'
OPINION

MyRAs Not Enough to Fight 'Retirement Crisis'

President Obama's proposal is only a modest start: opinions

(Newser) - President Obama's MyRA proposal, announced at the State of the Union , is not enough to save the retirement system. At least that's the takeaway from two columns on the plan:
  • "The system is failing," write the editors at Bloomberg . Workers aren't saving enough, employers aren'
...

Former Oral-B VP Now Flipping Burgers

 Former Oral-B VP 
 Now Flipping Burgers 
retirement crisis

Former Oral-B VP Now Flipping Burgers

Tom Palome didn't save enough for retirement; neither do many others

(Newser) - That people aren't saving enough for retirement is not exactly breaking news. But Bloomberg tells the story in terms that truly resonate. Tom Palome, 77, used to be a VP at Oral-B, making a six-figure salary. But like many middle-class retirees, he didn't save much for retirement, and...

57% of US Workers Have Less Than $25K in Savings

New survey suggests retirement trouble looms for nation

(Newser) - The Wall Street Journal points to a double-whammy in terms of retirement savings: People aren't saving enough, and they're living longer. Among the depressing nuggets from a new survey by the Employee Benefit Research Institute:
  • 28% of Americans don't think they'll be able to retire comfortably,
...

401(k)s Aren&#39;t Working
 401(k)s Aren't Working 
OPINION

401(k)s Aren't Working

Nation's 'grand experiment' has been an alarming failure: Duncan Black

(Newser) - We're just now seeing the results of the nation's "grand experiment" with 401(k) plans as the first generation of workers to embrace the concept reaches retirement age. The results are "truly alarming," writes Duncan Black in USA Today . Many people don't have nearly enough...

Retiring? Better Have $240K for Health Care

Fidelity releases annual estimate

(Newser) - Retiring this year? You and you significant other will need $240,000 for health care expenses, according to Fidelity Investments' latest annual projection. That's up 4% from last year's $230,000 estimate, which is a typical—and actually fairly modest—increase, BusinessWeek reports. Since 2002's $160,000...

6 Retirement Planning Myths

 6 Retirement Planning Myths 

6 Retirement Planning Myths

From debt to 401(k) plans, it's never too late to prepare

(Newser) - According to a new survey, only 14% of US workers are very confident they'll be able to retire comfortably—and more than 50% haven't even tried to calculate how much money they'll need. Workers are increasingly planning to keep working past the retirement age—37% said they...

3 European Countries Grab at Private Pensions

Hungary, Bulgaria, Poland call for citizens' savings

(Newser) - As European governments seek new sources of revenue, private retirement plans are taking a hit. Since most are organized by the state, "European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this...

Workers May Get Automatic Retirement Accounts

Democrats want all employees enrolled

(Newser) - Democrats plan to introduce legislation that would automatically enroll private-sector workers in retirement savings accounts, the Hill reports. The measure, being heavily pushed by the AARP, would apply to those whose employers don't offer 401k accounts. Workers would be able to opt out of the plan, whose backers don't expect...

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