August 9, 2017

Trump must tackle the financial issues of Main Street Americans

More than 200 days into Donald Trump’s presidency, we now have a clear answer on whom his administration will serve: Wall Street and corporations. Gone are his promises from the campaign trail to help struggling American families. At every opportunity, his administration has rolled back any small progress that’s been made over the last few years to help Americans prepare for retirement.

July 10, 2017

We Can Solve the Retirement Crisis – Just Not With 401(K) Plans

If you’re reading this article, there’s about a fifty percent chance you are not offered a retirement plan through your current employer. That’s according to studies from the National Institute on Retirement Security (NIRS) and Pew, which estimate that almost half of working Americans do not have access to an employer-sponsored retirement plan.

July 10, 2017

Public Pensions Provide a Secure Retirement

For a decade now since the Great Recession, special interests have waged a false-information campaign against public pensions. While not all of the motives are clear, one thing is certain: if the over $3.8 trillion in assets managed by state and local pension funds were converted into individual 401(k)-style accounts, someone on Wall Street would stand to reap enormous financial benefit.

June 26, 2017

Don’t let misconceptions about pensions drive decision-making

The June 19 editorial “A smart step on pensions” said Pennsylvania’s new law on pensions would give most new state employees a choice of “three retirement savings options similar, in varying degrees, to the defined-contribution plans common in the private sector.” But two of the options are based on a defined-benefit model with a 401(k)-style defined-contribution component. These plans are not similar to the 401(k) option common in the private sector.

June 16, 2017

Retirement: What’s a millennial to do?

I remember those first few real paychecks when I got out of college. It felt like I had all the money in the world! I got a cheap apartment near the Susquehanna River in Harrisburg, I could go out with my friends after work, even take weekend trips down to DC every now and then. Soon though, reality set in: I had a load of student loan debt to deal with. Another important reality hit me several years later: I also needed to save for retirement.