Tag: retirement income
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…
Pretty well, actually – with the exception of the Current Population Survey (CPS). A 2017 paper by Adam Bee and Joshua Mitchell re-documented that the Census Bureau’s Current Population Survey (CPS) understates retirement income, renewing concern around the accuracy of income measurements in the CPS. Some have wondered if this problem applies to retirement incom…
