Retirement Trends

Oregon Treasurer Ted Wheeler is being honored for his efforts to increase access to low-cost, high-quality retirement plans in his state and encourage people in Oregon to save more for retirement.

President Barack Obamas proposal for encouraging low-income Americans to set money aside in accounts with tax advantages is a limited step that may help bolster retirement savings.

The Standard & Poors 500 Index lost 1 percent to 1,774.94 at 3:04 p.m. in New York. The Dow Jones Industrial Average dropped 181.23 points, or 1.1 percent, to 15,747.33 today.

One-third (33 percent) of respondents to a survey who havent retired believe they will need only 25 to 50 percent of pre-retirement income, and another third (33 percent) believe they will need 50 to 75 percent.

Obamas call for the creation of retirement accounts to help U.S. workers has spurred a Connecticut coalition to once again urge lawmakers to help the 740,000 workers in the state not covered by an employer-sponsored plan.

Followers of Ben Graham might have no idea what Im talking about.