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Retirement Planning

Savers Credit Plan Is an Underutilized Aid for Employee Retirement Funds

June 27, 2012
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Although the plan is a separate program from company retirement plans, sponsors often aren't telling their workers about it as a way to improve their benefits.
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Democrats Razz Labor Department's Fiduciary Proposal

June 27, 2012
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The U.S. Labor Department first proposed an enhanced fiduciary-duty rule in October 2010, citing the need to update federal retirement law to improve the protection of millions of 401(k) and individual retirement account investors from tainted advice.
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Fewer Employers Match Defined Contribution Plan Deposits: SHRM Analysis

June 27, 2012
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Of 550 employers surveyed in SHRM's study of employee benefits programs, slightly more than two-thirds indicated that they currently match their employees’ contributions, down from 75 percent five years ago.
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Bankrolling Adult Kids Imperils Boomer Retirement

June 25, 2012
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Financial advisers worry that families don't realize how much they're spending on their grown children.
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Health Care Provider Hopes 'Girls Just Want to Have Funds'

June 15, 2012
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BayCare Health System of Florida has geared a new retirement savings push toward women after realizing that more than three-quarters of its workforce were female, generic savings seminars were not well attended, and women historically haven't been good savers.
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General Motors Retiree Group Rips Plan to Unload Pension Plan

June 15, 2012
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The General Motors Retirees Association, in a June 13 letter addressed to GM CEO Dan Akerson and posted on the organization’s website, says it’s concerned that GM’s plan to shift the pension plan for white-collar retirees to Prudential Insurance Co. of America will eliminate federal insurance of their pension income.
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GM CEO: We're Tackling Biggest Problems—Europe, Pension Obligations

June 13, 2012
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General Motors Corp. CEO Dan Akerson also said he would consider offering a pension buyout to GM's more than 400,000 hourly retirees and dependents as a way to reduce the $134 billion pension obligation on its books, which Akerson said is the largest of any U.S. company. This month, GM said it will offer a buyout to some of its salaried retirees.
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Transamerica Survey Points Out Need to Redefine ‘Retirement Readiness'

June 1, 2012
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More than half of Transamerica Retirement Survey respondents say they don't think they are building a sufficient nest egg—a percentage consistent for all ages of workers.
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LGBT Adults Better Prepared for Retirement, Survey Finds

May 30, 2012
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The median amount that LGBT survey participants have saved is $150,000, 17 percent, of the $900,000 they expect to need. The average American has saved about 13 percent of the anticipated needed amount, according to the Wells Fargo study.
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Young Workers on 401(k) Offerings: We Want Sure Things

May 14, 2012
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Gun-shy employees are keen on investments that provide guaranteed income, though there is little interest in diversification.
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