Tag: retirement security
Transforming a stream of lifetime benefits into a lump sum undermines retirement security. Recently, the IRS walked back protections that limited a company’s ability to offer a lump-sum payout for the monthly benefit provided by its defined benefit pension plan. This strategy of offering lump sums allows companies to reduce their liabilities before purchasing a…
The brief’s key findings are: The earnings and wealth gaps between whites and minorities are enormous. The question is how these disparities translate to retirement preparedness. In 2016, the share of whites at risk in retirement was 48 percent vs. 54 percent for blacks and 61 percent for Hispanics, smaller than the earnings/wealth disparities. T…
