The Great American Retirement Crisis
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The Great American Retirement Crisis

The Great American Retirement Crisis | The Great American Retirement Crisis | Scoop.it
Like the famous line “ don't pay attention to the man behind the curtain” from the Wizard of Oz”, the small 401 (k) market has been self-regulated with no required fee or conflict disclosure for 30...
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Why the 401(k) isn't working for millions of Americans

Why the 401(k) isn't working for millions of Americans | The Great American Retirement Crisis | Scoop.it
This switch to 401(k) plans began at the same time that Social Security benefit cuts kicked in with 1983 legislation raising the retirement age. Also in this period, wages started to lag behind productivity, with the labor share of income falling.

“The timing couldn’t have been worse for switching to a 401(k) system,” Morrissey said. But they are so lucrative to Wall Street fund managers, with much higher fees than pensions, that reverting back to pensions wholesale is an unlikely scenario.

In effect, we have kicked two of the legs out of the three-legged retirement stool. Individual savings have stagnated along with wages, as more and more of workers’ paychecks cover little more than everyday needs. The pension has been substituted with a stock plan that was never intended to serve as an adequate replacement.
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Pulling back the curtian on the 401(k) scam
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Finding, and Battling, Hidden Costs of 401(k) Plans

Finding, and Battling, Hidden Costs of 401(k) Plans | The Great American Retirement Crisis | Scoop.it
Despite federal requirements on disclosure, few workers and retirees realize how fees could be eating into their savings.
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What you’re really paying in 401(k) and IRA fees

What you’re really paying in 401(k) and IRA fees | The Great American Retirement Crisis | Scoop.it
The majority of 401(k) savers believe they don’t pay any fees in their plan; most of them are wrong, as RetireMentor Kenneth Roberts explains.
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How to Make Your 401(k) Plan Work for You

How to Make Your 401(k) Plan Work for You | The Great American Retirement Crisis | Scoop.it
All too often, people make investing mistakes in their 401(k) plans. This is easy to do because, although these plans can be highly beneficial tools, many are deeply flawed and saddle the average investor with burdensome costs. What’s more, the typical 401(k) plan contains no offerings beyond mutual...
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What if Age Is Nothing but a Mind-Set?

What if Age Is Nothing but a Mind-Set? | The Great American Retirement Crisis | Scoop.it
Ellen Langer’s experiments have shown that mental attitudes might reverse some ravages of old age. Now she wants to test that same radical principle on cancer.
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What a 401(k) plan really owes employees - CNBC

What a 401(k) plan really owes employees - CNBC | The Great American Retirement Crisis | Scoop.it
The U.S. Supreme Court is hearing a case on whether the trustees of a 401(k) plan should have considered an alternative with lower fees. NYT reports.

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J. Steven Sprenger ✔'s insight:

Pulling back the curtain. Very shocking and eye opening news. 

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J. Steven Sprenger ✔'s curator insight, October 20, 2014 10:19 AM

Pulling back the curtain.

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What a 401(k) plan really owes employees - CNBC

What a 401(k) plan really owes employees - CNBC | The Great American Retirement Crisis | Scoop.it
The U.S. Supreme Court is hearing a case on whether the trustees of a 401(k) plan should have considered an alternative with lower fees. NYT reports.
more...
J. Steven Sprenger ✔'s curator insight, October 20, 2014 10:19 AM

Pulling back the curtain.

J. Steven Sprenger ✔'s curator insight, October 20, 2014 10:21 AM

Pulling back the curtain. Very shocking and eye opening news. 

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The Retirement Gender Gap: Why Women’s Nest Eggs Fall Short

The Retirement Gender Gap: Why Women’s Nest Eggs Fall Short | The Great American Retirement Crisis | Scoop.it
A new study shows women are better 401(k) savers than men—yet they have smaller balances. And the wage gap is only one factor. More
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Don't Let Misleading Statements Go Unchallenged ... Slice Through Wall Street's Dense Fog | Scholarly Financial Planner

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Gresham's Dynamic: Why Bad Actors Dominate Financial Services | Scholarly Financial Planner

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401(k) Fees at Issue as Court Takes Edison Worker Appeal

The U.S. Supreme Court will consider giving 401(k) participants more power to sue their plans over investments that impose excessive fees, accepting an appeal tied to a wave of suits against employers.
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The White House Has a New Plan To Keep Financial Advisers From Ripping You Off

The White House Has a New Plan To Keep Financial Advisers From Ripping You Off | The Great American Retirement Crisis | Scoop.it
Broker-dealers must now follow a “fiduciary standard.”
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The Retirement Savings Drain: Hidden & Excessive Costs of 401(k)s | Demos

The Retirement Savings Drain: Hidden & Excessive Costs of 401(k)s | Demos | The Great American Retirement Crisis | Scoop.it
Over a lifetime, fees can cost a median-income two-earner family nearly $155,000
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WorshipSet - More Worship, Less Setup.

WorshipSet - More Worship, Less Setup. | The Great American Retirement Crisis | Scoop.it
WorshipSet is a new software tool for worship leaders and musicians alike. We are in development but will offer a huge chord chart database, chordpro conversion utility and set list creation and sharing platform. Help us make your Sunday morning more about worship.
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How 401(k) Plans Have Fueled Inequality in America

How 401(k) Plans Have Fueled Inequality in America | The Great American Retirement Crisis | Scoop.it
The rise of defined-contribution plans means more people own stock—for good and for ill
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How Is Partners Group Solving the 401(k) Puzzle?

How Is Partners Group Solving the 401(k) Puzzle? | The Great American Retirement Crisis | Scoop.it
Switzerland-based Partners Group is launching a private equity investment product targeting the 401(k) industry, in an attempt to crack a source of capital that has been beyond the reach of private equity.
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Exclusive Interview: Jerry Schlichter Reveals 3 Ways 401k Plan Sponsors Can Avoid a Fiduciary Breach

Exclusive Interview: Jerry Schlichter Reveals 3 Ways 401k Plan Sponsors Can Avoid a Fiduciary Breach | The Great American Retirement Crisis | Scoop.it
"If diversification of products in the annuity is limited, the product may result in a fiduciary breach because..."
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6 principals behind the art of 401(k) persuasion - BenefitsPro

6 principals behind the art of 401(k) persuasion - BenefitsPro | The Great American Retirement Crisis | Scoop.it
Everybody talks about better preparing 401(k) savers for retirement, but it’s very difficult to actually accomplish the task.
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Vanguard data shows 401(k) 'leakage' process - MarketWatch

Vanguard data shows 401(k) 'leakage' process - MarketWatch | The Great American Retirement Crisis | Scoop.it
Savings rollovers and hardship withdrawals reduce 401(k) and IRA balances by about 20% over time, according to an analysis of Vanguard retirement-plan data
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No Smoke, No Mirrors: The Dutch Pension Plan

No Smoke, No Mirrors: The Dutch Pension Plan | The Great American Retirement Crisis | Scoop.it
In the Netherlands, a system rests on the idea that each generation should pay its own costs — and that those costs must be measured accurately.
J. Steven Sprenger ✔'s insight:

Great read and a critical issue that we need to turn up the volume on here in the U.S. 

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Don't Let Misleading Statements Go Unchallenged ... Slice Through Wall Street's Dense Fog | Scholarly Financial Planner

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Eco-groups submit comments on new federal crude-by-rail rules - Akron Beacon Journal (blog)

Eco-groups submit comments on new federal crude-by-rail rules - Akron Beacon Journal (blog) | The Great American Retirement Crisis | Scoop.it
RailwayAge Magazine Eco-groups submit comments on new federal crude-by-rail rules Akron Beacon Journal (blog) Despite acknowledging that DOT-111 railcars (the most common railcar used in crude-by-rail transport), “can almost always be expected to...
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What you’re really paying in 401(k) and IRA fees

What you’re really paying in 401(k) and IRA fees | The Great American Retirement Crisis | Scoop.it
The majority of 401(k) savers believe they don’t pay any fees in their plan; most of them are wrong, as RetireMentor Kenneth Roberts explains.
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How generous are the top 50 S&P 500 companies' 401(k)s

How generous are the top 50 S&P 500 companies' 401(k)s | The Great American Retirement Crisis | Scoop.it
Compare 401(k) plans of the top 50 S&P 500 companies. Use our tool to calculate how much you would save under each company's 401(k) plan.
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