Workers appear ready to save more, survey finds
Forty-two percent of people surveyed say they would continue contributing 3 percent of their salaries to retirement savings, but 44 percent say theyd be happy to contribute at twice that rate.
By Steven Sullivan | July 09, 2013 at 12:27 PM
Short of reviving the heyday of defined benefit pension plans, automatic enrollment in defined contribution plans has been considered the best hope for addressing America's retirement crisis. By default, sponsors automatically deduct a specified amount from employees' paychecks and allow them to opt out they wish. But how high should that deduction be? At what threshold do employees exercise their option to quit the plan?
Probably higher than the 3 percent default level set by the Pension Protection Act of 2006, according to a recent bulletin from the Employee Benefit Research Institute.
Alternative investments: CRE expected to beat the rest in 2022
Lynn Pollack | January 17, 2022
Non-traditional property sectors like manufactured homes, gaming, cold storage, health care and single-family rentals will lead the way.
'Pharma bro' Martin Shkreli gets lifetime ban, ordered to pay $65M
Tom McParland | January 18, 2022
Shkreli is currently serving a seven-year prison sentence following his 2017 conviction on unrelated fraud charges.