Cash Balance Plans, QLACs Gaining Thanks to New Treasury and IRS Regs
New rules are helping cash balance plans and QLACs become attractive retirement planning options.
Proposed Legislation Could Boost Benefits for Social Security Beneficiaries
If passed, the Social Security 2100 Act will provide a 2% benefit increase beginning in 2015, set the minimum benefit 25 percent above the poverty line and raise the threshold for the combined payroll tax.
Housing, Financial Markets Boosted Boomer, Gen X Retirement Readiness: EBRI
But staying on track depends on age, income and having access to a 401(k) plan, EBRI says.
CBO: Immigration Reform Would Cut Deficit, Boost Economy
The Senate plan would reduce the U.S. deficit by about $200 billion and increase real GDP by 3.3% in the next 10 years, according to the Congressional Budget Office.
The Numbers Don’t Lie: Boomers Nervous About Health Care, Social Security
The 2012 Retirement & Politics Survey by Allianz has found that “transition boomers”—people between the ages of 55 and 65 who are less than 10 years away from retirement—see rising health care costs and Social Security as having the greatest impact on their retirement outlook.
Collapse of Mayan Civilization Bears Lessons for Today’s Political Gridlock: News Analysis
The payroll tax expiration in early 2012 brings to mind another expiration expected in the new year: specifically, the end of the world that some sources say was part of the religious thinking of the Mayans who saw Dec. 21, 2012 (or b’ak’tun 13) as some sort of end date....
Social Security Reform Proposal From 2010 Gets Second Look
Following the supercommittee’s failure to make recommendations on how to reduce the deficit, the Urban Institute released on Monday a paper analyzing the potential effects of the Commission’s recommendations should they be enacted.
Democrats Propose to Extend, Expand Payroll Tax Cut; Republicans Scoff
Senate Democrats on Monday urged Congress to extend the tax cuts now in place for employers and employees, but Republicans countered that the tax holiday should end because it isn’t stimulating the economy.
As Politicians Spar Over Social Security, 401(k) Planners Fill Retirement Gap
America’s workers are relying more than ever on their employers to ensure they’ll have enough money to retire—and this trend toward paternalism is being embraced by mutual fund and insurance companies.
Nine Ways to Save Social Security
August marks the 75th birthday for the New Deal stalwart, but is it a happy one?