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Boomer fears rise as market falls

11/01/2008 | Chicago Tribune

Many older people who have watched in horror as the carnage on Wall Street has shrunk their nest eggs. Even before the crisis, one in five older Americans had been putting off retirement. Now that figure is undoubtedly higher.


401(k) losses: Older investors' retirement funds hit hard

10/31/2008 | USA Today

Older Americans are watching their retirement savings evaporate as the economy slumps and the stock market falters.


Down market squeezes pensions

10/26/2008 | Boston Globe

Some employers drop their plans; Others forced to pump in cash.


American Dream is still alive, it's just getting harder for the middle class to achieve it

10/26/2008 | Press of Atlantic City

The financial challenges today are serious: How will I send my child to college? Or pay off my medical expenses? Or retire debt-free? Simply put, costs of food, fuel and other parts of the household budget are soaring, while incomes are staying grounded.


Working Longer as Jobs Contract

10/23/2008 | New York Times

In these extraordinarily turbulent times, with the stock market declining sharply and millions of 401(k) plans plunging in value, many workers are suddenly facing a starker situation — they worry that they might have to work 5, 7, even 10 years later than planned, perhaps well into their 70s.


Pension Plans Hit by Market Mess

10/21/2008 | CNBC

PRC Policy Director Karen Friedman is interviewed on CNBC about the stock market meltdown and retirement income.


Can my pension be reduced?

10/21/2008 | Money

Financial advice columnist answers a reader's question about her pension. The hyperlink in the second to last paragraph links to PRC's Help page.


Social Security recipients to get a raise in 2009

10/17/2008 | USA Today

More than 50 million seniors will see their Social Security benefits increase 5.8% next year, the biggest cost-of-living increase in more than 25 years, the Social Security Administration said Thursday.


Shut out of buyouts: Treasury slam the door on pension transfers to private firms

10/01/2008 | Employee Benefit News

For now, federal regulators at the Treasury Department and the Internal Revenue Service have shot down a proposal that would allow financial institutions and investment firms to acquire frozen defined benefit plans. Some critics are wary of the risk involved in the transfer of a frozen plan's assets.


DoL’s Campbell Wants Senators To Let DoL Do Rulemaking

09/17/2008 | Plan Adviser

A federal regulator on Wednesday urged U.S. Senate lawmakers not to interfere with the U.S. Department of Labor’s (DoL) regulatory scheme for retirement plan fees through additional legislation.