Pensions in the news

The 10 Biggest Sources of Retirement Income

U.S. News & World Report – May 10, 2010
Working Americans tend to have one major source of income: their job. But once you retire, your income is likely to come from several different sources, including retirement account withdrawals, monthly Social Security payments, and increasingly, a part-time job.

Hawaii's jobless seniors forced to tap Social Security early

Honolulu Advertiser – May 10, 2010
Tough job market blamed; move cuts benefits up to 25%

Duke seeks to dismiss worker retirement suit

Greenville News – May 9, 2010
Employees allege changes to pension benefits violated law

6 Reasons More Americans are Delaying Retirement

U.S. News & World Report – May 7, 2010
Early retirement is no longer the goal of most workers. Even retirement at age 65 now seems unattainable to many people. The majority of Americans now expect to work until age 65 or later.

Delaying Your Retirement: What a Difference Three Years Makes!

BNet/MoneyWatch – May 7, 2010
There are powerful advantages to delaying your retirement just for a short period, say, three years or so.

Four in Five Americans Will Fall Short of Retirement Income Needs

Financial Planning – May 5, 2010
Four of five Americans are expected to fall short of meeting all of their financial needs in retirement unless they improve their savings habits or retire at a later age.

Employers: 401(k)s Won’t Fully Fund Worker Retirement

U.S. News & World Report – May 4, 2010
Employers generally offer 401(k)s to attract and retain productive workers, not to propel those employees into a secure retirement.

For boomers, reality bites

Investment News – May 2, 2010
The retirement dreams of many baby boomers like the Gredingers were based on having a solid nest egg consisting of ever-appreciating stocks and real estate. The financial crisis cracked the egg.

Cracking Down on Fees

CFO.com – May 1, 2010
As legislation looms, companies can take steps now to help employees build bigger nest eggs.

Workers fight uphill battle on 401(k) retirement savings

USA Today – April 30, 2010
More than a year after the worst bear market since the Depression, 401(k) accounts are close to being where they were at the peak of the market in 2007 — thanks in large part to workers' own contributions. But the bear market and recession have also realized some of the shortcomings of a 401(k) plan.