EBRI released its 2017 Retirement Confidence Survey on Tuesday, finding once again that Americans who have a retirement plan are more likely to be confident about their retirement outcomes. Their confidence is well-earned. Workers in a retirement plan are 10 times as likely to be saving for retirement as those who don’t have a retirement plan of some kind. Full Content: Think Advisor
Police and firefighters would manage their own pension plan, taking control from the state, under a bill the Legislature passed Thursday. It now heads to Gov. Christie’s desk. The Police and Firemen’s Retirement System, like the six other plans that make up New Jersey’s $72 billion pension fund, is currently managed by a division of the state Treasury Department. The legislation would transfer control of the police and firefighters' fund to its own board of trustees, which would be modified to...
After decades of saving diligently, Dan Maize, 53, of Williamsburg, Va., made the decision last year to retire early. He stayed at his job, managing a grocery store, until February—just before Republicans in the U.S. House of Representatives unveiled a health-care bill that could make his early retirement much harder to afford. Under the American Health Care Act, the Obamacare overhaul that faced a congressional vote on March 23, costs could fall for many younger Americans. The majority of older...
A new AARP survey of almost 4,000 workers ranging in age from 18 to 64 found widespread support (84 percent) for laws that make it easier to put money away for retirement. That support cuts across political lines: 89 percent of self-described liberals, 86 percent of moderates and 82 percent of conservatives agreed. Today, 55 million Americans do not have access to retirement accounts that automatically save money from their paychecks, such as employer-sponsored 401(k) accounts. Low-income workers are especially...
