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Defined Benefit Plans

Why the Decrease in Unions and Defined Benefit Retirement Plans Hurts Us All

Don McNay | Posted 10.29.2014 | Business
Don McNay

Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.

The Real Retirement Crisis

Randi Weingarten | Posted 06.27.2014 | Politics
Randi Weingarten

America's retirement crisis is as consequential as our healthcare crisis. We mustered the will to do the hard work of extending access to healthcare to all Americans. We must also meet a just and civilized standard for retirement, so that retirement is a time of security, not poverty.

Record Number Of People Have No Confidence In Their Ability To Retire Comfortably

The Huffington Post | Shelley Emling | Posted 03.19.2013 | Fifty

Despite signs the economy is rebounding, Americans' confidence in their ability to retire comfortably is not, according to a survey released Tuesday b...

Is 401(k) a Ticking Time Bomb?

Don McNay | Posted 07.03.2012 | Money
Don McNay

401(k) plan investments are a primary driver of the investment markets. They are also the reason that many people are pacing the floors at night, worrying if their retirement will get delayed or destroyed.

Laura Rowley

What You Should Know About Planning For Retirement

HuffingtonPost.com | Laura Rowley | Posted 03.13.2012 | Fifty

Americans' confidence in their ability to retire is hovering at the lowest level in two decades, according to a survey released Tuesday by the Employe...

Is Corporate Greed Robbing You Of Your Pension? Reality Check

Mark Miller | Posted 12.18.2011 | Fifty
Mark Miller

Each time the market plunges, you can count on seeing a flurry of news reports looking at just how badly workplace 401(k) retirement portfolios have been hit. Rarely will you see a story asking why the market risk is born by individual workers.

William Alden

Philadelphia Mayor Michael Nutter On Pension Reform: 'Some People Will Be Upset'

HuffingtonPost.com | William Alden | Posted 06.29.2011 | Business

CHICAGO -- Just months after Michael Nutter became mayor of Philadelphia in January 2008, the national economy plunged into the worst downturn s...

Less Secure Retirements Lie Ahead

National Journal | RONALD BROWNSTEIN | Posted 05.25.2011 | Business

One big reason public employees are under siege in Wisconsin and other states is because they now enjoy more secure retirement benefits than most priv...

Financial Fitness and Physical Fitness

Don McNay | Posted 05.25.2011 | Business
Don McNay

Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."

Getting Rich and the Marshmallow

Don McNay | Posted 05.25.2011 | Business
Don McNay

We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.

When 401k Came Into Our Lives

Don McNay | Posted 05.25.2011 | Business
Don McNay

I am appalled that both presidential candidates have proposals that will make it easier for people to blow their 401(k) money.