Retirement USA

Relying on tonight’s Mega Millions jackpot to fund your retirement?

Type: Blog entry

Looking for ways to finance your retirement? If you’re like Jason Schutz of St. Cloud, Minnesota and you only have a 401(k) plan, you might have bought a lottery ticket for tonight’s record-breaking $640 million Mega Millions jackpot.

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Don't ignore retirement insecurity

Type: News Item

When American Airlines went into bankruptcy in November, our phones started ringing. I'm with the federal Pension Benefit Guaranty Corp. We insure private pensions, and American told its 130,000 employees that they would lose theirs. They called us to ask what would happen: What would they get when they retire?

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Most Baby Boomers Will Work for Life

Type: News Item

Many baby boomers will continue to work after retirement. The decision to work during the traditional retirement years may be a choice or beyond our control.

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Retirement at risk

Type: News Item

Most are way behind, lack skills to plan life after work

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Proposed Retirement Plan Overhaul Faces Skepticism at Tax Reform Hearing

Type: News Item

Employee benefits experts testifying before the Senate Finance Committee on Sept.

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Retirement experts clash over tax breaks for 401(k) plans

Type: News Item

Some want to boost the deferral limit – others want to do away with it

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401(k) savings proposal gets cold shoulder from panel

Type: News Item

A proposal to replace the current tax deductions for 401(k) plans and IRAs with a flat tax credit got a chilly reception before the Senate Finance Committee on Thursday as panel members and pension experts defended the plans and the incentives for employers to provide them.

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Baucus Urges Minimizing Costs in Retirement Savings Proposals

Type: News Item

Proposals seeking to increase workers’ retirement savings by making adjustments to the U.S. tax code should weigh the costs of such shifts, Senate Finance Committee Chairman Max Baucus said in a hearing held by the panel in Washington.

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401(k) Plan Revamp Eyed By Senate Finance Committee

Type: News Item

With less than one-half of workers having access to a retirement plan and even fewer saving enough for their old age, Congress is looking at ways to help get more Americans on track to a secure retirement.

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Pension Rights Center to Lawmakers: "Changes to Retirement Plan Tax Breaks Should Address the Retirement Income Deficit, not the Budget Deficit"

Type: News Release

WASHINGTON - At a hearing held by the Senate Committee on Finance today, the Pension Rights Center called on lawmakers to re-examine the tax incentives associated with 401(k) plans and other retirement savings plans, so that those tax breaks work more efficiently a

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How much can I contribute to my retirement plan?

Spotlight

Wondering how much you can contribute to your retirement plan this year? Read our helpful fact sheet to find out. The fact sheet also includes contribution limits for previous years. Read the fact sheet.

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From Our Blog

Can we call it a comeback...for DB plans?

I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers.

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In the News

Qualified Longevity Annuity Contract Rules Should Allow More Options, Commenters Say

A Treasury Department proposal to expand retirement income options is on the right track, but it requires some revisions to achieve the objectives
outlined in the proposed regulation (REG-115809-11), a variety of interest groups said in public comment letters posted May 4.

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Did You Know?

Individual Retirement Accounts, or IRAs, are private accounts that allow individuals to save for retirement. Each type of IRA is governed by a unique set of rules that offer different tax benefits. Read our IRA fact sheets to learn about the different types of IRAs.