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Pensions or 401(k)s? It's an issue for striking Boeing workers and others

Oct 24, 2024
The shift in the private sector from pensions to 401(k)s has been going on for decades, but now there’s more pushback from workers.
Boeing moved from pensions to 401(k)s 10 years ago. Striking workers want pensions back.
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Yet another version of the fiduciary rule is coming

The Biden administration's rule overhauls requirements for retirement plan advisers to act in the interests of clients.
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Reforms in latest spending bill could help close gender gap in retirement savings

Dec 27, 2022
The SECURE Act 2.0 aims to help part-time and lower-wage workers — categories where women are overrepresented — save for retirement.
Because women typically generally earn less over their lifetimes, it can be more difficult for them to save for retirement, says economist Betsey Stevenson.
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How Congress' latest bid to help Americans save for retirement falls short

Dec 12, 2022
Economists say bills like the Secure Act 2.0 mostly benefit those who already have some retirement savings.
One in four Americans aren't saving for retirement, many of them because they can't afford to.
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Should you put cryptocurrency in your retirement account?

Marketplace Senior Economics Contributor Chris Farrell says think twice. He calls the crypto ecosystem "volatile" and "opaque."
A scene from the Bitcoin 2021 Convention, a crypto-currency conference held on June 04, 2021 in Miami, Florida.
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More companies are starting emergency savings programs for employees

Oct 22, 2020
Are they any better than a traditional bank savings account?
A savings pot that isn't linked to your bank account could help to limit withdrawals.
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Downturn leads some to withdraw early from retirement accounts

May 15, 2020
Almost a third of people in a LendingTree survey said they were withdrawing from retirement accounts
The economic slump is making some Americans spend down liquid assets.
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For public good, not for profit.

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GE freezes pensions as the benefit becomes endangered in private sector

Oct 8, 2019
General Electric is freezing its pensions for 20,000 non-union workers and will offer pension buyouts for another 100,000 former employees. GE said the move will save $8 billion, part of a plan to shed some of the company’s considerable debt. The move, from one of America’s most iconic corporations, is just one more step in […]
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