Tag: 401k
One thing really stood out in a recent study: the deterioration in Hispanics’ retirement prospects since the 2008-2009 recession. Workers’ success at saving for retirement is becoming increasingly important to their financial security in old age. This puts Hispanic households at a clear disadvantage: they earn half as much as white households, which makes it…
A private sector answer to a big problem is finally getting some traction. Good news. The Department of Labor, with its request for public comment, may be about to give Retirement Clearinghouse LLC the green light to proceed with its proposal to automatically transfer small balances from one 401(k) to another. Such an arrangement would…
