The acquisition will further strengthen TIAA-CREF as a leading provider of retirement and financial services and expand the products and serves available to its customers.
Improved fee disclosure could help individuals make better financial decisions and could also force a national conversation about how best to improve our retirement system.
The survey showed that on average, 53 percent of a family's savings are allocated toward retirement, compared with an average of just 10 percent for college.
A study found that in general, new Calpers members need to save between $373 and $1,480 more each month or work 2.5 to 5 years longer to retire with the same income as members hired before the pension reform act.
The plan affords retirees and their spouses three options, an initial amount for coverage up to $25,000 offered as guaranteed issue and up to $75,000 or $150,000, both of which require medical evidence.
Only one-third of the 800 respondents said they had saved enough to retire comfortably, and just 35 percent expressed confidence in their financial preparation for retirement.
The highest-ranking state for workplace retirement plan participation in 2012, Iowa, had only 54 percent of private employees participating in a pension or 401(k).
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"articles": [
{
"uri": "/2014/04/14/tiaa-cref-to-buy-nuveen-investments/",
"title": "TIAA-CREF to buy Nuveen Investments",
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"summary": "The acquisition will further strengthen TIAA-CREF as a leading provider of retirement and financial services and expand the products and serves available to its customers.",
"body": null
},
{
"uri": "/2014/04/11/should-there-be-consumer-warning-labels-on-401ks/",
"title": "Should there be consumer warning labels on 401(k)s?",
"byline": "Lisa Barron",
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"prettyDate": "April 11, 2014",
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"authors": [
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"summary": "Improved fee disclosure could help individuals make better financial decisions and could also force a national conversation about how best to improve our retirement system.",
"body": null
},
{
"uri": "/2014/04/10/more-parents-saving-for-retirement-than-college/",
"title": "More parents saving for retirement than college",
"byline": "Lisa Barron",
"kicker": "",
"prettyDate": "April 10, 2014",
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"authors": [
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],
"kickerNode": [],
"summary": "The survey showed that on average, 53 percent of a family's savings are allocated toward retirement, compared with an average of just 10 percent for college.",
"body": null
},
{
"uri": "/2014/04/10/fifty-seven-percent-of-boomers-expect-to-move/",
"title": "Fifty-seven percent of boomers expect to move",
"byline": "Lisa Barron",
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"summary": "A study also found that 70 percent believe the house they retire in will be the best home in which they have ever lived.",
"body": null
},
{
"uri": "/2014/04/09/more-work-less-retirement-income-for-cali-public-e/",
"title": "More work, less retirement income for Cali public employees",
"byline": "Lisa Barron",
"kicker": "",
"prettyDate": "April 09, 2014",
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},
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"kickerNode": [],
"summary": "A study found that in general, new Calpers members need to save between $373 and $1,480 more each month or work 2.5 to 5 years longer to retire with the same income as members hired before the pension reform act.",
"body": null
},
{
"uri": "/2014/04/09/metlife-introduces-voluntary-retiree-life-product/",
"title": "MetLife introduces Voluntary Retiree Life product",
"byline": "Lisa Barron",
"kicker": "",
"prettyDate": "April 09, 2014",
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"image": {
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"kickerNode": [],
"summary": "The plan affords retirees and their spouses three options, an initial amount for coverage up to $25,000 offered as guaranteed issue and up to $75,000 or $150,000, both of which require medical evidence.",
"body": null
},
{
"uri": "/2014/04/08/mayor-drops-property-tax-hike-from-chicago-pension/",
"title": "Mayor drops property tax hike from Chicago pension plan reform bill",
"byline": "Lisa Barron",
"kicker": "",
"prettyDate": "April 08, 2014",
"timeToRead": "2 minute",
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},
"authors": [
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],
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"summary": "Now, it would be up to the city to decide how to raise revenue for pensions.",
"body": null
},
{
"uri": "/2014/04/08/boomer-retirement-confidence-falls-some-signs-of-o/",
"title": "Boomer retirement confidence falls, some signs of optimism",
"byline": "Lisa Barron",
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"prettyDate": "April 08, 2014",
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"authors": [
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],
"kickerNode": [],
"summary": "Only one-third of the 800 respondents said they had saved enough to retire comfortably, and just 35 percent expressed confidence in their financial preparation for retirement.",
"body": null
},
{
"uri": "/2014/04/07/seiu-petitions-congress-to-lift-cap-on-social-secu/",
"title": "SEIU petitions Congress to lift cap on Social Security payments",
"byline": "Lisa Barron",
"kicker": "",
"prettyDate": "April 07, 2014",
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],
"kickerNode": [],
"summary": "The limit changes every year based on changes in the national average wage index. For earnings in 2014, the base in $117,000.",
"body": null
},
{
"uri": "/2014/04/07/nearly-every-state-falls-short-on-retirement-readi/",
"title": "Nearly every state falls short on retirement readiness",
"byline": "Lisa Barron",
"kicker": "",
"prettyDate": "April 07, 2014",
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"image": {
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "The highest-ranking state for workplace retirement plan participation in 2012, Iowa, had only 54 percent of private employees participating in a pension or 401(k).",
"body": null
}
]
}
}