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Social Security

DNC platform short on details for private-sector retirement plans

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Private-sector retirement plans got a passing mention Tuesday at the Democratic National Convention, where the party platform focused on Social Security.

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Benbrook widow sues Fort Worth fund for husband's pension benefits

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When So Son Harabedoff's husband died last year, she thought she would receive his pension from the Fort Worth Employees' Retirement Fund.

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Big Income Losses for Those Near Retirement

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Another reason, besides the housing bust, that Americans nearing retirement age may have suffered most from the financial crisis: The typical American 55 to 64 years old has a household income almost 10 percent less than it was when the recovery officially began three years ago, according to a new report from Sentier Research.

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Social Security Advice That Harms Wives

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Most financial advisers give troubling advice to married couples about when to claim their Social Security benefits, advice that can substantially reduce their wife’s income during retirement.

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Why you may retire in poverty

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Are you going to retire in poverty? Today's seniors are more affluent than the general population. But the generations that follow them - starting with the baby boom generation - will not be as fortunate. The decline of pensions, the erosion of Social Security and the housing crash all are pointing toward a new crisis of poverty among lower- and middle-class seniors in the years ahead.

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Harkin's retirement plan proposal is a hit

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Sen. Tom Harkin's proposal for a universal private retirement system with professional money management was praised by several pension experts as a first step in addressing ways to improve retirement security.

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Nearly half of Americans die with 'virtually no financial assets'

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How much do senior citizens rely on Social Security? Even more than you might think. A new study finds that more than 46 percent of Americans die with less than $10,000 in financial assets, with many spending the end of their life strongly dependent on the government.

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Sen. Harkin Outlines Pension Proposal Based on Privately Trusteed Hybrid Model

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Sen. Tom Harkin (D-Iowa) released a retirement security proposal July 27, saying he will formally introduce legislation next year but that he wants candidates to debate the proposal during congressional and presidential campaigns this fall.

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Sen. Harkin proposes retirement plan revamp, Social Security fix

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Sen. Tom Harkin, D-Iowa, on Friday proposed a way to bolster retirement savings at work, plus a series of improvements to Social Security.

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Democratic Senator Proposes New Type Of Retirement Plan

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Senator Tom Harkin (D-IA) outlined the principles for a new type of retirement plan in a report released today. This sort of plan is sorely needed given the current state of retirement savings.

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