Defined Benefits

Standard & Poors declared Illinois fiscal outlook developing, an improvement, if a somewhat fuzzy one, over its previous negative outlook.

Most people are not equipped to invest their funds or withdraw them in a way that allows them to maintain their lifestyle while preserving principal.

The savers credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and to 401(k)s and other defined contribution plans at their workplace.

The sources of those who do include personal IRAs, pensions from previous jobs and pensions belonging to a spouse or partner.

Statistics paint a picture of millions of senior citizens forced to live in poverty after their working years end. Congressional gridlock, however, prevents any action that would allow Social Security benefits to remain at promised levels.

Its not the design thats at fault - its how its used, both by those who sponsor these programs, as well as those who are covered by them.