Automation has improved the 401(k) – but where do we go from here?

Automation has improved the 401(k) – but where do we go from here?

401(k) accounts are far from perfect as a retirement benefit, but they are getting better, and more improvements are on the way. For better or worse, private-sector employers have largely substituted the 401(k) for the good old-fashioned defined-benefit pension in...
The Social Security fix no one is talking about

The Social Security fix no one is talking about

What if the traditional wisdom on how to fix Social Security no longer holds? The trustees who oversee the program issued their annual financial forecast yesterday, predicting that the combined retirement and disability trust fund reserves will be depleted in 2035...
Automation has improved the 401(k) – but where do we go from here?

If you’re in a lousy 401(k) plan, what should you do?

Fees are one of the most important factors of successful retirement investing — they determine how much ends up in your pocket after mutual funds and 401(k) plan providers take their cut. But most people are oblivious. If they take note of costs at all, fees of one,...
A pension bailout three years ago continues to reverberate

A pension bailout three years ago continues to reverberate

Three years ago, Congress took the unprecedented step of spending taxpayer dollars to bail out private-sector pensions plans.  As part of a $1.9 trillion Covid stimulus bill, lawmakers approved an $86 billion package for multiemployer plans facing insolvency to apply...
Delaying Medicare sign-up can be a costly mistake

Delaying Medicare sign-up can be a costly mistake

Medicare requires that nearly all workers sign up for the program during a seven-month Initial Enrollment Period (IEP) that includes the three months before, the month of, and the three months following their 65th birthday. If you are already receiving Social Security...
A pension bailout three years ago continues to reverberate

Could traditional pensions make a comeback in the private sector?

Did IBM just kick off the next big trend in the world of employee retirement benefits? Big Blue made headlines recently when it announced plans to end its 401(k) matching contribution in favor of a new benefit that sure sounds alot like a good old-fashioned pension....