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Retirement Retirement

  • Raw Bar: Major employers bearish on medical tourism

    That's just one of the themes in this week's Raw Bar. Listen in as the National Business Group on Health's Helen Darling talks about new research, detailing how major employers are smart enough to know that workers won't be rushing to fly half-way around the world for surgery, regardless how much they might save in the process.

  • ERISA lawyers target IndyMac fiduciary breach

    Let the lawsuits begin. Keller Rohrback L.L.P., the law firm best known for it's class-action lawsuit against WorldCom in 2004, is currently investigating IndyMac Bancorp for potential violations of ERISA. The firm says the investigation focuses on investments in company stock in IndyMac's 401(k) plan.

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  • DB plans have staying power

    Defined benefit retirement plans are not only important to the welfare of retirees, but also represent a critical sector of the economy, panelists at a recent hearing before the U.S. Joint Economic Committee told lawmakers.

  • Raw Bar: Medical trend increases expected to get larger

    The medical trend rate, while growing each year, hasn't been escalating as fast recently. For the last five years, each annual jump has been a little bit smaller than the previous one. That's expected to end in 2009. Listen in as Robert Laszewski, president of Health Policy and Strategy Associates, discusses the underlying fundamentals and why he thinks things will change soon. He also shares some of his thoughts and analysis on recent congressional happenings, most importantly the chamber's decision to block a 10% Medicare fee cut for doctors.

  • "Virtual classroom" educates DC participants

    As retirement plan participants grow increasingly anxious about their financial futures, Great-West Retirement Services offers a "virtual classroom" for DC plan participants. The online resource includes lessons in the areas of retirement planning, investment planning and overall financial planning.

  • Raw Bar: Retirement readiness benchmark jumps

    New research from Hewitt recommends workers strive to have 125% of their pre-retirement income to deal with uncertainties like health care and inflation when trying to maintain a familiar lifestyle during the "golden years." Listen in as the consultancy's Alison Borland talks about how Hewitt came to the number and what employers and advisers can do to make the figure a little less scary for workers.

  • Automatic 401(k) features escalate savings

    The Pension Protection Act may have been passed back in 2006, but the regulation is being revisited now that enough time has passed to allow a serious look at how the provisions have affected the health of retirement savings. New analysis by the Employee Benefit Research Institute finds that the "automatic" 401(k) features enacted by the PPA have a very significant positive impact in generating additional retirement savings for many workers, especially for low-income workers.

  • Future brightens for DB plans once again

    Fueled by strong assets and an increase in discount rates, the funding health of defined benefit pension plans at S&P 500 companies increased for the second straight year in 2007, according to a new analysis by Mercer.

  • New HSA funding opportunities via IRAs

    The health savings account has already proven to be a relatively flexible account-based benefit in its ability to be layered with other products and double as a retirement vehicle. Now the product can add another feather to its hat. Owners of individual retirement accounts who are enrolled in a high-deductible health plan can shift IRA funds into a HSA, without facing a tax penalty.

  • Retiree health expenses: How much is enough?

    Workers nearing retirement may want to beef up their retirement savings earmarked for health care premiums and out-of-pocket medical expenses, suggests new research by the Employee Benefit Research Institute.

  • Nursing home reviews mixed

    A new study may have some thinking twice about their long term care options. The U.S. nursing home system must reevaluate how its facilities are designed and managed, according to the Commonwealth Fund.

  • OMG I have no money: Texting demographic requires new approach

    Participants at the National Investment Company Service Association's East Coast regional meeting recently set their sights on how to convince the 80 million Generation Y members to save for retirement.

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