Retirement Trends

Creditors will have a chance to vote on the proposal once its filed in U.S. Bankruptcy Court in Detroit and the judge determines it gives enough information.

The accounts, which Obama announced in his State of the Union Address, will be available to workers who dont have access to a 401(k) plan,

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.