Download or read book The Challenge of Retirement Savings for Small Employers written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2013 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Challenge of Retirement Savings for Small Employers written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-12-12 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenge of retirement savings for small employers : hearing before the Committee on Small Business, United States House of Representatives, One Hundred Thirteenth Congress, first session, hearing held October 2, 2013.
Download or read book The Challenge of Retirement Savings for Small Employers written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Coming Up Short written by Alicia H. Munnell and published by Rowman & Littlefield. This book was released on 2004-02-09 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the baby boom begins to withdraw from the labor force, ensuring a secure retirement income becomes an increasingly important issue, the number of people over age 65 is expected to double by 2030. That trend will continue, accompanied by worries about stock market volatility, corporate malfeasance, a rapidly changing economy, and the viability of Social Security. In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of employer-sponsored pensions and a vital source of retirement income for the American middle class. Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions. In accessible language, they explain how such plans work and discuss their popularity. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable. For employers, the plans are generally less costly than defined benefit plans. Despite those advantages, there are some significant downsides to 401(k) plans. These plans shift all the risk and responsibility to employees, who must decide whether to join, how much to contribute, how to invest, whether to "cash out" when changing jobs, and how to manage their nest egg in retirement. These are difficult decisions, and while in theory 401(k)s could be an effective savings vehicle for retirement, in practice many people make mistakes at every step along the way. Com ing Up Short discusses why these mistakes are made and proposes various reforms to ensure that the aging population will have adequate retirement income. Comprehensive and up-to-date, Coming Up Short is an essential resource on 401(k) plans for financial service professionals, policymakers, academics, and individuals planning for their own retirement.
Download or read book Retirement Savings written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2010-08 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Only about half of all workers participate in employer-sponsored retirement plans. To foster greater participation among workers who have access to such plans, Congress passed a law that facilitates plan sponsors' adoption of automatic enrollment policies (AEP). To foster greater retirement savings among workers who do not have access to an employer-sponsored plan, proposals have been made for an "automatic IRA" and at the state level for state-based programs. This report determined: (1) what is known about the effect of AEP among the nation's 401(k) plans, and the extent of and future prospect for such policies; and (2) the potential benefits and limitations of automatic IRA proposals and state-assisted retirement savings proposals. Illus.
Download or read book Insecure at Best written by Jen Brown and published by . This book was released on 2018 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small businesses - especially sole proprietors - are a large portion of the American workforce. With the explosive growth of the on-demand economy - which creates a number of new self-employed, sole proprietors each day - an estimated 2.5 million new small businesses are expected to be created each year. Yet, saving for retirement as a small business owner and especially as a sole proprietor is a challenge, as only 38.7% of small business owners participated in a retirement plan in 2014.In order to improve the retirement savings of small businesses and the self-employed, this paper identifies the specific challenges faced by small businesses and the self-employed in saving for retirement. This paper finds that: (1) the on-demand economy has greatly expanded the size of the small business workforce and will continue to do so; (2) saving for retirement is a challenge for small business owners, including sole proprietors; (3) despite the numerous types of retirement plans offered to small businesses and sole proprietors, without easier to use products from the IRS and financial service providers, small business owners will continue to lag behind other workers in saving for retirement; (4) small business owners and sole proprietors are not saving for retirement for a variety of reasons; (5) the inadequacy of small business retirement savings can be remedied by policymakers.
Download or read book Full Committee Hearing on Drop in Retirement Savings written by United States House of Representatives and published by . This book was released on 2019-09-22 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Full committee hearing on drop in retirement savings: the challenges small businesses face funding and maintaining retirement plans in a struggling economy: hearing before the Committee on Small Business, United States House of Representatives, One Hundred Eleventh Congress, first session, hearing held February 25, 2009.
Download or read book Full Committee Hearing on Drop in Retirement Savings written by Professor United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-12 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Full committee hearing on drop in retirement savings: the challenges small businesses face funding and maintaining retirement plans in a struggling economy: hearing before the Committee on Small Business, United States House of Representatives, One Hundred Eleventh Congress, first session, hearing held February 25, 2009.
Download or read book 401 k plans and retirement savings written by John J. Topelski and published by DIANE Publishing. This book was released on 2018* with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 25 years, defined contribution (DC) plans including 401(k) plans have become the most prevalent form of employer-sponsored retirement plan (ESRP) in the U.S. The majority of assets held in these plans are invested in stocks and stock mutual funds. The decline in the major stock market indices in 2008 greatly reduced the value of many families' retirement savings. Contents of this report: New Challenges to a Secure Retirement Income; Access to ESRP; Participation in ESRP; Contributions to Retirement Savings Plans; Investment Choices and Investment Risk; Fees and Fee Disclosure; Leakage from Retirement Savings Plans; Converting Retirement Savings into Income. Charts and tables. This is a print on demand report.
Download or read book Retirement Security written by Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-08 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: " About 42 million workers, or about one-third of all private-sector employees, work for employers with fewer than 100 employees, and recent federal data suggest many of these workers lack access to work-based retirement benefits. Despite efforts by the federal government to develop new plan designs and to increase tax incentives, plan sponsorship remains low among small employers. MEPs, a type of arrangement involving more than one employer, have been suggested as a potential way to increase coverage. This testimony describes (1) the challenges small employers face in helping ensure that their workers secure retirement income, and (2) types of MEPs and their potential to address these challenges. GAO drew from its previous reports related to small employer challenges in establishing and maintaining a retirement plan and recent work on MEPs issued from March 2012 through September 2012. "
Download or read book Small Employers and the Challenge of Sponsoring a Retirement Plan written by Paul Joseph Yakoboski and published by . This book was released on 1998 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Retirement Statistics written by and published by . This book was released on 1934 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Closing America s Retirement Savings Gap written by Peter W. Kirtland and published by . This book was released on 2019 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small businesses, with 50 or fewer employees, rarely offer workplace retirement plans. The lack of effective retirement plan options leads to employee stress, financial strain, and social instabilities. The purpose of this research is to study why small business owners make poor decisions about workplace retirement plans. The study evaluates the information supply chain and determines that financial advisors are a critical information delivery mechanism. However, they do not take the time to discuss the various retirement plan options available with the small business owners which leads to lack of plan adoption. Elaborated Action Design Research (eADR) research methods are used to diagnose the problem as well as to design and implement two artefacts that have potential to increase retirement plan adoption rates in small businesses. Data are collected through interviewing industry experts and small business owners in the diagnosis phase, and small business owners in the design and implementation phases. Two innovative artifacts are designed to improve the quality of information provided to small business owners. The artifacts are applied via interview interventions with ten owners. An elicitation script gathers information from the owner to support a decision model that produces an adaptive default nudge indicating a preferred workplace retirement plan for the business. The results of the study indicate a significant increase in awareness of retirement plans and an intention to adopt the retirement plan presented as the default nudge. This research contributes to research on small business retirement by demonstrating the information gap faced by small business owners and the potential of effective nudging strategies to increase awareness of retirement plan options and to increase adoption of effective employee retirement plans. Limitations on this research include sample size and geographic diversity of the group of small business owners interviewed.
Download or read book Retirement security written by Charles A. Jeszeck and published by . This book was released on 2013 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pooled Retirement Plans written by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Creating Your Own Retirement Plan written by Twila Slesnick and published by NOLO. This book was released on 2002 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creating Your Own Retirement Plan provides the plain-English information the self-employed need to select, establish and operate a retirement plan. It discusses the various retirement plan options for the folks who call themselves boss, including: -- the various IRAs -- profit-sharing plans -- 401 (k) plans -- defined benefit plans Creating Your Own Retirement Plan is completely overhauled to reflect the new tax laws passed by Congress in 2001.
Download or read book The Retirement Challenge written by Martin Neil Baily and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We need a new retirement paradigm as private pensions disappear. Families must take more responsibility for their retirement by saving consistently, working long enough to accumulate enough savings, and spending their savings at an appropriate rate in retirement. Families cannot build a secure retirement by themselves, however; they need help from government and employers. This book discusses the strengths and weaknesses of our current retirement system and suggests feasible, sensible reforms to make it much better. Policymakers must put Social Security and Medicare on a sound financial footing. They should provide incentives for all employers to set up retirement savings plans and, for workers who lack access to an employer-provided plan, create federal- or state-run plans so that all workers can save for retirement. Policymakers should reform the large tax incentives for retirement saving that mostly benefit affluent families so that they help all families. Insurance markets can help families manage the risks of uncertain lifetimes and the cost of long-term care, but they don't work well. Neither does the market for reverse mortgages that could help families deploy the equity in their homes. Most companies have shut down their traditional pension programs, but they can contribute to 401(k)-type plans for their employees and encourage all employees to contribute to them as well. They can give employees the option to buy annuities and long-term care insurance as part of their retirement packages and negotiate group rates for these policies.
