Retirement Trends

1980 was a magical year, and not just because of the US Hockey Teams unbelievable win in the Lake Placid Olympics. As explained by Mark Iwry, Senior Advisor for the Treasury Department, it was also the beginning of the 401(k), a beginning the IRS had no small hand in.

The board of the $282.5 billion fund voted yesterday to boost the states annual allocation to $5 billion over three years, from $3.8 billion now. Local government increases were postponed for two years.

Thee Los Angeles Unified School District, the nations largest outside New York City, owes so much for retiree health care that paying off its debt would cost $17,500 for each student

There were about 500,000 active 401(k) plans in Q4 2013, with a collective $3.5 trillion in total assets. Nearly three-quarters, or $2.54 trillion, was controlled by the top 1% (5,000 companies).

Catholic dioceses across the country need to make sure they have made adequate preparations for their priests to live once they retire.

It is estimated that one in 10 loans is not repaid, in large part because individuals leave current employers and dont bother repaying what they owe.