Some of us (well me anyway) have been saying since 1993 (the first of three times I participated on a governors commission to evaluate state worker benefits) that the benefits for state […]
Too much of a good thing, the disappearing pension and promises that can’t be kept
In a perfect world, we would work for a company for a career, retire and receive a monthly pension for life. That world never existed for most people and for those who […]
Bailout of state pension funds on the horizon, rewarding more irresponsible behavior
You have had the privilege of paying for other people’s mortgages (and will continue to do so for many, many years); their cars, their home appliances, their health care and now you […]
New rules on 401(k) investment diversification, get your eggs out of one basket
If your employer matches your 401(K) contributions in company stock, new rules issued by the IRS on May 19 are effective for plan years beginning on or after January 1, 2011. These […]
Preparing for retirement, fugetaboutit many Americans aren’t savvy on the basics of personal finances
As some of us so called benefit professionals try to get people to plan for retirement, it appears we should be getting them to understand some basic financial concepts (like don’t spend what […]
