Personal Finance Advice and Commentary

Friday, January 22, 2016 1:19 pm
By Dr. Don Taylor ·

The CFPB says, “When employees choose a lump-sum payout instead of a monthly pension payment, the responsibility for managing and investing the pension money shifts from the employer to the employee.

Friday, September 11, 2015 6:05 am
By Dr. Don Taylor ·

People aren’t saving enough for retirement. Are state-based retirement plans an answer, with the requirement that employees have to opt out to not participate?

Thursday, May 01, 2014 4:02 pm
By Jennie L. Phipps ·

Savings rates among younger workers are inching up while older workers are socking money away in a last-minute effort to secure their retirement.

Monday, January 06, 2014 2:00 pm
By Jennie L. Phipps ·

If your former employer offers to buy out your pension, would you take the deal?

Thursday, November 07, 2013 6:19 pm
By Jennie L. Phipps ·

Public pensions don’t appear to be the budget wreckers that critics would have us believe.

Friday, March 01, 2013 2:15 pm
By Barbara Whelehan ·

A whopping 84 percent of Americans say everyone should have a pension. Wouldn’t that be nice?

Friday, November 09, 2012 12:29 pm
By Barbara Whelehan ·

The retirement industry provides good and bad news this week. Let’s focus on the good news.

Tuesday, June 26, 2012 5:02 pm
By Jennie L. Phipps ·

New rules require local public entities to make clear to taxpayers how much they owe for pensions vs. how much money is available. Get ready for the shortfall.

Friday, June 22, 2012 5:00 pm
By Barbara Whelehan ·

Influential policymakers and execs in the retirement industry say America is in a retirement crisis.

Tags: 401k, pensions
Friday, April 06, 2012 6:00 pm
By Barbara Whelehan ·

If you’re lucky enough to work for state or local government, you might think you don’t have to worry so much about retirement planning since you’ve likely been promised a pension. But in recent years, troubles have been brewing among public pension plans all around the country.

In the last week alone, reported problems with three state plans:

New Hampshire: The House of Representatives approved a proposal to put an end to pension plans for public workers and instead offers a 401(k)-type plan. Facing a funding shortfall of $4.1 billion-plus for retirement and medical benefits, last year the legislature raised the retirement age at which future workers would qualify for benefits and increased employee contributions to their pension.

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