Concerns with pension security

Article Abstract:

Pensioners worried about losing their pension trusts are not in immediate danger, but the law does not adequately protect the pensions should increased insolvencies occur. The Pension Benefit Guaranty Corp (PBGC) is underfunded because its premiums have little relation to the cost of underwriting all defined-benefit plans. However, if PBGC premiums are reevaluated, Single Premium Annuity Contracts diversified, prohibited transaction exemptions monitored and meaningful investment opportunities provided, along with employee investment education, the system would be more secure.

Evaluation, Economic aspects, Pension funds, United States. Pension Benefit Guaranty Corp.

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Solutions to 401(k) problems

Article Abstract:

Potential problems associated with 401(k) plans include high administrative costs, low-risk investments that fail to increase wealth and low employee participation. Administrative costs can be charged to the plan or a salary reduction simplified employee pension, which has less administrative requirements, could be provided. Employee participation can be encouraged by matching funds taken from projected salary increases. Life cycle investing and financial planning workshops should be emphasized to change the low-risk investing trend.

Commercial Banks, Investment Banking and Securities Dealing, Portfolio & Funds Management, Management, Portfolio management, Salary reduction savings plans, 401K plans

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Behind the numbers: the art of accumulation planning for retirement

Article Abstract:

Computer programs to help retirement planners determine client savings needs depend on a variety of assumptions that should occasionally be revisited to ensure accuracy and determine whether goals are met. These assumptions include personally experienced inflation rate, retirement and death ages, tax rate and investment return both now and in the future, the ratio of post-retirement to pre-retirement income needed to maintain living standards, and the amount of the increase in money the client can save each year.

Methods, Planning, Retirement planning, Retirement income

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