Bulletin TodayMore 401(k) plan sponsors are offering to pay benefits in a form that guarantees a set level of monthly income, regardless of how long you live. And more employers are beginning to offer these plans, Time’s Dan Kadlec reports. “Before long your 401(k) may look a lot more like your dad’s pension,” writes Kadlec. That’s a good thing. Traditional pensions that pay a set monthly income to retirees, based on their wages and length of service, were once the foundation of retirement. Along with …
Bulletin TodayThe majority of Asian, African American and Hispanic retirees in the United States struggle to cover basic living expenses, according to new research from the non-profit Wider Opportunities for Women (WOW).
Bulletin TodayWould you trade some of your pay for better retirement and health care benefits? A new survey from HR-consulting firm Towers Watson found more than half of U.S. workers would.
Bulletin TodayHow much money will you need in retirement? Yes, it’s a big—and complicated—question. Many retirement planning exercises start by asking you to figure out how much income you’ll need to replace after you stop working. But looking solely at income isn’t enough, says the Employee Benefit Research Institute (EBRI). A new report from the nonprofit research group considers the intersection of income, expenses and savings in retirement.
The Takeaway: Clearing Old Cells From Body Could Slow Aging; Boomers Aren’t Only Ones Worried About Retirement
Bulletin TodayIf the latest anti-aging research on mice proves applicable to humans, future seniors could find it possible to flush old cells right out of their bodies. And a new survey finds Americans of all ages worried about retirement security.