A word to the states and the people: ignore what the federal government is doing in terms of how to manage a budget. Among the dire predictions about the solvency of state and local employee pension funds (see our NCPA study on this topic), Treasury Secretary Timothy Geithner recently announced that unless the debt ceiling was [...]
I figured by the time I read an article about government employers taking a page from the private sector, I would be too old to read the small print and too senile to care. But low and behold, the Wall Street Journal (see Jeannette Neumann, “States Shift to Hybrid Pensions“) reports that states are waking [...]
A recent article on Forbes online discusses the benefits of "pensionizing" one's 401(k) as a way to dam up the flood of money leaching from the ever downward-spiraling market: "Seeing how well most 401(k) plans have done in the past year, the answer still seems to be that for many, added flexibility is no replacement [...]
I came across an informative in article in the Wall Street Journal this week, "How to Fix Your Life in 2009," (read article here), The premise is that frugality is now in; spending less and saving more is fashionable, so to speak. So for those of you throwing up your arms in despair over the losses in your [...]
It looks as if pensions aren’t going to be enough to secure a good retirement for most Americans. According to a study from the Employee Benefit Research Institute (EBRI), less than half of men (42.6 percent) and just over a quarter (27.9 percent) of women aged 65 and over received annuity or pension income in [...]
Imagine waking up one day and discovering that your private pension or 401(k) account (which has earned an average double-digit rate of return for 18 years) has been confiscated by the government. This is a reality for the folks in Argentina, where President Kirchner announced a plan to "nationalize" the nation's private pension system, citing that [...]