Retirement Trends

The reforms, which led to a strike this week and street protests outside the capitol, increased employee contributions to the retirement system to 10 percent of salary from 9 percent.

American workers lack of retirement readiness has been dropped on the doorstep of the defined contribution market and its been pointed out again and again that 401(k) plans dont offer the same benefits that came with defined benefit pension plans.

These so-called legacy assets pose problems because the employer is still required to manage those assets, even though it has moved the entire 403(b) plan to a different provider.

The difference in optimism levels between advisor and client may seem great to some but the survey found, the optimism gap, or the difference between advisor and investor optimism, had actually narrowed to a record low of 43 percent.

The survey found a 10 percent increase in such plans over 2012 among 406 midsize and large multinational companies, which offer a total of 438 plans.

Why are we making it so easy for workers to march into the bank and take hard-earned cash?