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Full-Text Articles in Law
The Real Reason The Investor Class Hates Pensions, David H. Webber
The Real Reason The Investor Class Hates Pensions, David H. Webber
Shorter Faculty Works
No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets. And yet states and cities are busy converting traditional pensions into these failing 401(k)s or equivalents, to the great benefit of money managers and the finance class.
Finding A Financial Planner, Emily G. Brown Jd
Finding A Financial Planner, Emily G. Brown Jd
Pension Action Center Publications
This fact sheet provides information on how to find the right financial planner to help you meet your retirement planning goals. This fact sheet suggests things to consider prior to picking a financial planner and answers questions like:
- What do financial planners do?
- How do you know if you need a financial planner?
- How do you find the right financial planner?
- What type of professional title does a financial planner have?
Your Former Employer’S 401(K) Plan, Jeanne Medeiros Jd
Your Former Employer’S 401(K) Plan, Jeanne Medeiros Jd
Pension Action Center Publications
When you leave a job where you have participated in a 401(k) plan, you may have a number of different options about what to do with the money in that account. This fact sheet explains those options and offers guidance about the pros and cons of each option.
Here are some frequently asked questions answered in this face sheet:
Q. Can I leave my money in my former employer’s plan?
Q. What are my other options?
Q. If I decide to withdraw the account balance from my former employer’s plan, how do I do that, and how long should it …
Hardship Withdrawals And Loans: Some Words Of Caution, Emily G. Brown Jd, Jeanne Medeiros Jd, Ellen Bruce Jd
Hardship Withdrawals And Loans: Some Words Of Caution, Emily G. Brown Jd, Jeanne Medeiros Jd, Ellen Bruce Jd
Pension Action Center Publications
As defined benefit pension plans become more and more rare, the responsibility of saving for retirement falls increasingly on individuals. Many studies have been published about the average or median balances in retirement savings accounts and virtually all of them have reached the same conclusion - most Americans aren’t saving enough money to last them through their retirement years.
In this fact sheet we will take a look at one of the factors that contributes to this problem, that is, the availability of loans and hardship withdrawals from 401(k) retirement accounts, which can lead to lower account balances overall. Sometimes, …
Privitizing Social Security: Administration And Implementation, Karen C. Burke, Grayson M.P. Mccouch
Privitizing Social Security: Administration And Implementation, Karen C. Burke, Grayson M.P. Mccouch
UF Law Faculty Publications
This article considers administrative issues that bear on the structure and implementation of any universal, mandatory system of personal accounts within the Social Security system. The central issues involve tradeoffs between relatively standardized, low-cost options with constrained individual choice and limited risk, on the one hand, and more flexible, higher-cost options with enhanced opportunities for individual control and greater risk, on the other hand. A centralized system modeled on the Thrift Savings Plan for federal employees could balance these goals by offering participants a relatively narrow range of investment and withdrawal options, with correspondingly low administrative costs and limited risks. …
The Effects Of Partial Privatization Of Social Security Upon Private Pensions, Kathryn L. Moore
The Effects Of Partial Privatization Of Social Security Upon Private Pensions, Kathryn L. Moore
Law Faculty Scholarly Articles
Social Security does not provide retirement income in a vacuum. Rather, commentators often refer to our national retirement income system as a three legged stool, with Social Security representing one of the legs and employer sponsored pension plans and individual savings representing the other two legs. Because changes in one leg of the stool are likely to have a direct impact on the other two legs, policymakers must not consider Social Security changes in isolation, but should take account of their effect on employer-sponsored pensions and individual savings. This Article analyzes how one of the most popular proposals, partial privatization, …