Retirement Trends

There are two sides to each story. Some dont mind cutting public pensions to cover costs. Others do. Im among those who find the cuts appalling.

Common reductions in expenses often overlooked include not needing to save for retirement or pay Medicare and Social Security taxes.

In July 2012, 50 percent of retirement plan participants didnt know how much they were paying in fees and expenses. One year later, a follow-up survey tells the same story, LIMRA said.

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

They argues in a letter that recalculating spousal benefits, death benefits and required minimum distributions to same sex partners would open plans and participants to complicated questions about payments and decisions made under DOMA.

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.