PRC In the News
04/29/11|WITI-TV (Milwaukee, WI)

Man charged nearly $200,000 for pension overpayment

A pension problem for a long-time retiree nearly wiped him out.

PRC In the News
04/28/11|metroWNY

I can’t believe I am writing a column about Social Security

Although I became eligible to join the American Association of Retired Persons way back in 2005, I ignored their advances until I realized membership could save money on a car rental.  So I enrolled. 

PRC In the News
04/28/11|Pensions & Investments

401(k) fees a mystery for most participants, AARP finds

Participants in 401(k) plans are “largely unaware” of fees that they pay, according to an AARP report based on a survey conducted by the organization.

PRC In the News
04/25/11|DailyFinance.com

Why Young Workers Want a Good Old-Fashioned Pension

The conventional wisdom is that young people today are inured to the idea that they will change jobs repeatedly over their careers, and that because of that, they don’t really think much about pensions. But it turns out that the conventional wisdom is wrong.

Speeches & Statements
04/15/11

Speech by Karen Friedman to the American Council on Consumer Interests (April 15, 2011)

Hello, I’m Karen Friedman, the Executive Vice President and Policy Director of the Pension Rights Center.  It’s fabulous to be speaking to the American Council of Consumer Interests, because we are fellow travelers on the road to making this country safer and better for consumers. The Pension Rights Center is the only consumer rights group […]

PRC In the News
04/13/11|Huffington Post

Can I Take Money Out Of My 401K During My Divorce?

As a Divorce Financial Strategist™ I am frequently asked, “Can I take money out of my 401K before/during my divorce?”

PRC In the News
04/12/11|Oklahoman

Oklahoma House panel kills bill that would prevent nonmilitary ex-spouses from getting retention pay

A House committee killed a measure Monday that would have prevented extra earnings for military veterans with at least 20 years of service from being declared marital assets in divorce proceedings.

PRC In the News
04/12/11|Bloomberg Businessweek

The Rising Price of Retirement

As more people work part-time rather than hit the greens, the formula for how much they need to live on is changing. Their tax rate may not fall, and expenses may be higher than planned

PRC In the News
04/12/11|Dow Jones/Wall Street Journal

Pensions May Now Struggle With Lump-Sum Payments

With the stock market up, many beleaguered corporate pension plans are healing. But because of regulatory quirks and recent tinkering by Congress, fewer plans could meet minimum requirements to allow investors to take lump-sum distributions rather than less popular annuity-style payments this year.

PRC In the News
04/11/11|Forbes

Pension Hunting

As an Internal Revenue Service flyer warns, “Mistakes in benefit plans can–and do–happen.”

PRC In the News
04/11/11|TheStreet.com

401(k) Plans Are Designed for Mediocrity

Understanding the typical investment will help people understand why 401(k)s are intentionally designed for mediocrity.

PRC In the News
04/10/11|Washington Post

Obama plan to boost retirement security, shore up pension agency faces hurdles

Joshua Gotbaum, director of the Pension Benefit Guaranty Corp., has a problem.  His agency, which guarantees private-sector pensions promised to 44 million Americans, is saddled with a huge deficit at risk of growing out of control.