5 05, 2017

State bid for retirement savings plan is blocked

2017-05-05T17:17:48-07:00May 5th, 2017|Categories: Retirement|Tags: , |

A pioneering, California-led effort to create retirement security for low-income workers has been thrown into jeopardy after the U.S. Senate voted Wednesday to block states from starting programs to automatically enroll millions of people in IRA-type savings plans. The measure, aimed at stopping the fledgling state retirement programs, now goes to President Trump, who has vowed to sign it. That leaves lawmakers in California, Illinois and other states, who only months ago were celebrating the success of their long-planned [...]

3 12, 2014

Retirement account owners decrease

2014-12-03T01:38:25-08:00December 3rd, 2014|Categories: Retirement|Tags: , , |

The share of American families that have IRAs or 401(k) retirement plans has spiraled down in the past decade, while the amount of assets in those accounts has been on an upward climb during that time. The Washington, D.C.-based Employee Benefit Research Institute recently reported the percentage of all families with an individual retirement plan such as a 401(k) or an IRA decreased from 52.8 percent in 2001 to 48.2 percent in 2013, based on the most recent data [...]

19 03, 2014

Bad news about American retirement

2014-03-19T21:35:30-07:00March 19th, 2014|Categories: Retirement|Tags: , , |

How much do you have put away for retirement? A million dollars? Five hundred thousand? Five hundred dollars? If you’re like a third of Americans, the final answer is closer to the truth. About 36 percent of workers have less than a thousand dollars in savings and investments that could be used for retirement, not counting their home or defined benefit plans such as traditional pensions (increasingly rare). More than half, 60 percent, have less than $25,000, according to [...]

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