Retirement Trends

Followers of Ben Graham might have no idea what Im talking about.

President Barack Obama unwrapped a retirement option for workers whose companies dont have a 401(k) plan during his State of the Union Address.

Those under age 30 and over age 50 were responsible for the majority of positive retirement actions in the quarter of 2013, according to a survey.

A survey of 5,000 defined contribution plan participants found the 20 percent who were overconfident about their knowledge ended up with with smaller account balances than those more unsure of themselves.

The organization said that when tax reform was all the rage, the topic of retirement savings was at the forefront of the national conversation, but lately it has dropped off the radar.

Harkins plan, designed to eliminate a $6.6 trillion gap in savings compared to what is needed to live on in retirement, would combine elements of traditional pension plans with the portability and ease for employers that are part of 401(k) systems.