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401(k) loans/ leakage

The retirement savings crisis

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The state of retirement savings in America is in big trouble. According to Fidelity Investments, the average 401(k) balance among its 11.8 million accounts increased to $74,600 at the end of the first quarter 2012, a 62 percent increase since the end of the first quarter 2009. While it's good news that balances are up, the number of accounts is alarmingly low for such an industry giant.

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Minorities' Retirement Plans Hit Hard In Tough Economy

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Continued economic uncertainty has led many workers to dip into their retirement savings, but minorities have been the hardest hit, according to a report by the Ariel Education Initiative (a nonprofit affiliate of Ariel Investments) and the human resources company Aon Hewitt.

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Median 401(k) Balance Down to $23,000

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At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k) -- until the recession and a chain of unexpected events drained his fund completely.

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How 401(k)s are failing millions of Americans

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More than half of U.S. workers have no retirement plan at all. And even those who do have a 401(k) typically don't have enough money to retire comfortably

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The 401(k): Americans ‘just not prepared’ to manage their own retirement funds

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When lawmakers added a subsection to the tax code called the 401(k) more than three decades ago, they could not have imagined that this string of three numbers and a letter would become a fixture in the financial lexicon.

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What Will Replace the 401(k)?

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The venerable 401(k) has been under fire since the recession. Here's what could replace it.

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Should state government offer a retirement plan for private citizens?

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State government should offer a retirement plan to the increasing number of people whose companies don't provide a pension or a 401(k) savings program, labor groups and other advocates this week told a legislative panel.

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Pension Reformers Should Not Promise Freedom From Fiduciary Duties, Borzi Says

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The success of private pension reform will depend on whether proponents can offer models that are more attractive to employers than those available within the current system of private pensions and retirement savings, a senior Department of Labor official said Feb. 22 at a pension event focused on innovation.

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5 ways to improve the U.S. retirement system

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U.S. has 10th best pension system of 14 countries studied.

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U.S. Ranks Poorly in Global Pension Study

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A report released earlier this month that rates and compares the world’s most prominent pension systems offers a grim overall conclusion: most pension systems are facing unprecedented challenges as government debts balloon and populations grow disproportionately older, with some of the most advanced retirement systems showing the worst signs of strain.

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