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Bad news: Your 401(k) won’t give you a decent retirement
Headline: Bad news: Your 401(k) won’t give you a decent retirement
Publication: Los Angeles Times
Article Date: Aug 10, 2017
Subjective Commentary by Mark Nanzer, Executive Director:
More proof that the 401(k) is a suspect savings vehicle. The author weighs in on a recent survey, documenting that 401(k)’s are destined to fail millions of Americans hopes for a secure retirement. Read article…
Tax Bill Leaves 401(k)s Unchanged, For Now
Headline: Tax bill leaves your 401(k) unchanged — for now
Publication: CNBC
Article Date: Nov 2, 2017
Members of Congress were considering proposing significant reductions to the amount of money workers could annually put into tax-deferred retirement accounts such as 401(k)s. The move would have sought to collect more taxes upfront on retirement savings in order to balance other planned tax cuts. But the recently unveiled tax bill leaves 401(k) savings alone. Many experts worry that lower limits would further deter people from saving for retirement, and worsen the U.S. retirement crisis. Read article…
(For more background, here is a previous article from the New York Times on Oct 28, 2017: Limit on 401(k) Savings? It’s About Paying for Tax Cuts)
San Diego Police Union Ratifies Deal With The City To Raise Officer’s Pay
Headline: San Diego Police Union Ratifies Deal With The City To Raise Officer’s Pay
Publication: KPBS
Article Date: Oct 23, 2017
The San Diego Police Union has given their assent to an agreement to raise officers’ pay, and the deal will go before City Council this month for final approval. Currently San Diego officer salaries rank near the bottom when compared to 18 other law enforcement agencies in the state. The pay increases are intended to bolster hiring of new recruits and retention of experienced officers. Read article…
SURVEY SAYS: Big Cities or Suburbs for Retirement?
Headline: SURVEY SAYS: Big Cities or Suburbs for Retirement?
Publication: Plan Sponsor
Article Date: Oct 5, 2017
“A recent survey from Welltower finds that seven out of 10 big-city dwellers want to live in their current city when they are 80-years-old and older. They cite access to high-quality health care and big-city transportation options to address mobility concerns as top reasons.” Read article…
State science union leader wins CalPERS seat
Headline: State science union leader wins CalPERS seat
Publication: Sacramento Bee
Article Date: Oct 3, 2017
David Miller, a state scientist and public employee union leader defeated former private equity fund manager Michael Flaherman in an election for a seat on the CalPERS Board of Administration. Read article…