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Retirement USA

Proposed Retirement Plan Overhaul Faces Skepticism at Tax Reform Hearing

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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

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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

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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

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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

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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"

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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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A race to the bottom?

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New Census Bureau data released earlier this week shows that more Americans are living in poverty now than at any time since 1993. While an increase might be understandable, given the uncertain economy, the numbers are still staggering.

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401(k) break at risk as policymakers mull retirement shift

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U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.

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As Deficit Reduction Debate Rages, Groups Tell Congress to "Halt the Assault on Retirement Security"

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WASHINGTON – While Congress fights over how to cut the federal budget deficit, 28 national organizations sent a letter to key members of Congress today, warning that proposed cuts to Social Security, Medicare, and traditional pensions would harm the retirement security

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J.P. Morgan survey: Paying bills trumps retirement savings

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Saving for retirement has become a diminishing priority for 401(k) participants, according to a new survey by J.P. Morgan Retirement Plan Services.

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