The plan would scrap whats known as the Sustainable Growth Rate formula, which has been in place since 1997, and payments to doctors would be frozen through 2023.
Solo 401(k) plans are the retirement vehicle of choice for the self-employed, according to a survey of financial professionals by the IRA Financial Group.
Employers are expanding the scope of their 401(k) plans with increased matching contributions, relaxed eligibility rules and access to expert advice, an Aon Hewitt survey released Wednesday said.
More than 12,000 employees of the U.S. government-backed mortgage giants Freddie Mac and Fannie Mae will lose their pension plans at the end of the year.
Bumping up the eligibility age for Medicare to 67 over the next decade would save less than $20 billion, far less than its own previous estimates, the Congressional Budget Office said Friday.
The average amount of money devoted to funding public pension plans equaled 7.9 percent of revenue generated by cities, a survey of 173 municipalities has found.
Workers today are more likely to receive retirement income from private-sector retirement plans than they were before the passage of ERISA in 1974, according to a report by the Investment Company Institute.