More than half of Canadians indicate they are behind on retirement savings, according to a recent survey commissioned by tax preparation firm H&R Block Canada. The survey, published on April 3, found that 52 percent of Canadians are unprepared for retirement as they don’t feel they have enough money left at the end of the…
Over Half of Canadians Say They Don’t Have Enough Money to Save for Retirement: Poll
More Than Half of US Households Expect to Struggle to Meet Basic Retirement Expenses: Fidelity Survey
According to a new assessment by Fidelity Investments, more than half of American households would fall short of what it takes to cover their basic expenses in retirement. Fidelity Investments released its 2023 Retirement Savings Assessment (pdf) on Tuesday, in which the firm surveyed more than 3,500 people, finding just 48 percent of U.S. households…
Nearly 90 Percent of Seniors Say America Has Retirement Crisis: Survey
March 14, 2023
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Business & Marketseconomic policieseconomyinflationpersonal financeretirement savingsSocial IssuesUS
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Nearly 90 percent of American seniors believe the United States is facing a retirement savings crisis, according to a recent survey. The American Advisors Group’s (AAG) found that 89 percent of seniors said they were worried that the United States is in the grip of a retirement savings crisis. AAG surveyed more than 1,500 seniors…
Trading Places: Democrats Back Corporations as GOP Punishes Them
March 2, 2023
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Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov. Ron DeSantis,…
Democrats Back Corporations as GOP Punishes Them
March 2, 2023
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Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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News Analysis The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov….
LIVE NOW: Sen. Braun on Biden’s Regulation Jeopardizing Americans’ Retirement Savings
March 1, 2023
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Biden Administration regulationEpochTVEpochTV LivejeopardizeLive VideosMike BraunPolicies & Impactsretirement savingsU.S. SenatorUSUS NewsVideo
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Sen. Mike Braun (R-Ind.), along with other GOP senators, leads a press conference at 2:00 p.m. ET on March 1, to repeal a Biden administration regulation that would jeopardize Americans’ retirement savings accounts. …
Sen. Braun on Biden’s Regulation Jeopardizing Americans’ Retirement Savings
March 1, 2023
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Biden Administration regulationEpochTVEpochTV LivejeopardizeLive VideosMike BraunPolicies & Impactsretirement savingsU.S. SenatorUSUS NewsVideo
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Sen. Mike Braun (R-Ind.), along with other GOP senators, leads a press conference at 2:00 p.m. ET on March 1, to repeal a Biden administration regulation that would jeopardize Americans’ retirement savings accounts. …
The French Pension War
Commentary When a million people protest on the streets of Paris and most major French cities, you know there is a serious problem in French society. The protests, which had been going on for four days, culminated on Feb. 11 in Paris, where reportedly half a million people participated. The vitriol directed at the president…
Hardship Withdrawals From Retirement Accounts Surge as Americans Battle Rising Prices
February 3, 2023
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401kBusiness & Marketseconomyfinancial hardshipshardship withdrawalshigh inflationpersonal financerecessionretirement savingsUS
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Last year, a higher proportion of Americans with 401(k) accounts carried out hardship withdrawals—emergency removal of funds from a retirement plan—as many people financially struggled under decades-high inflation rates. “A record 2.8 percent of the 5 million people in 401(k) plans run by Vanguard tapped their retirement savings in 2022 to cope with hardships such…
2023 Is Going to Be a Year of Big Retirement Changes
The Secure 2.0 Act of 2022, a bipartisan retirement savings law, was signed into law by President Biden on December 23, 2022. As part of Secure 2.0, workplace savings plans will be expanded, retirement account contributions will be rewarded, and retirement tax incentives will be reshaped. As a result, retirement savings accounts will undergo numerous…
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