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PBGC Blog: Retirement Matters

Ominous clouds

Today's reality is that Americans are deeply concerned about the future of their retirement. According to a recent Pew Research survey, 4-in-10 American adults aren't as confident about their finances for retirement as they were in 2009.

The survey highlighted 35 to 44-year-olds as the age group most concerned about their retirement.

Why the concern? An NBCNEWS.COM article said Americans started to feel pessimistic about their retirement futures beginning in 2009 following the nation’s economic collapse. The gloomy outlook worsened this year.

So, the question is — are you worried about retirement?

Read the full NBCNEWS.COM article and the Pew Research survey.

Looking Back...

  |   October 2, 2012

AA Cartoon image from Roger Schillerstrom

Recently, Business Insurance cartoonist Roger Schillerstrom published a montage of illustrations chronicling some of the highs and lows in the world of pensions over the past decade.

Our communications team also decided to document the agency's history by adding a cool new feature to the Facebook page — a photo movie. With pictures from day one, it highlights important milestones and behind-the-scenes efforts that protect America's pensions.

It's another short and simple way of telling our story.

Check out our Facebook movie timeline (link no longer available).

Photo Credit: Roger Schillerstrom, Business Insurance

Photo Caption: After the PBGC opposes American Airlines' plan to terminate its pension plans, the airline backtracks and agrees to freeze the plans instead, sparing the PBGC from what would have been its biggest-ever loss.

 

A secure retirement is every worker's dream, but successful retirement planning is what makes that dream a reality.  

There are many tools and resources to help make the process a lot simpler and less daunting.

For instance, the U.S. Department of Labor, Employee Benefits Security Administration (EBSA) has a great online publication complete with interactive worksheets to help you with the process of retirement planning.

Taking the Mystery Out of Retirement Planning is available online and can also be requested in print.

We hope this resource is helpful!

Name That Blog!

  |   August 2, 2012

After gathering suggestions and polling PBGC employees, we have selected a name for the PBGC Blog! 

Drum roll please... More...

Backyard with patio overlooking a lake.

As many retirees rely on a fixed income, the decision of where to retire can sometimes be tough. The golden ticket is finding a place that is not just affordable but enjoyable. Many retirees want a place that is alive with arts, culture, and community.

Luckily, AARP has done the research so you can get the most bang for your buck! Their listing of the “10 Best Places to Live on $100 a Day”:

 

  • Spokane, Washington
  • Las Cruces, New Mexico
  • Eau Claire, Wisconsin
  • Roanoke, Virginia
  • Morgantown, West Virginia
  • Pittsburgh, Pennsylvania
  • San Antonio, Texas
  • Omaha, Nebraska
  • Grand Junction, Colorado
  • Gainesville, Florida

 

Read AARP’s full article: http://www.aarp.org/home-family/livable-communities/info-07-2012/best-places-for-low-cost-retirement.html?intcmp=HPBB2C

According to a recent Prudential study, women are less confident about their retirement finances than their male counterparts. The study also highlighted the difference in level of confidence between women younger than 35 and those of the baby-boomer generation. It is believed that this confidence gap may reflect a gap of knowledge and experience.

An article from CBS Money Watch details the following tips women can take to boost their confidence about being prepared for the future.

1.       Go for retirement benefits

2.       Contribute to spousal IRA

3.       Inventory your retirement benefits

4.       Monitor and manage investments

Read the full article on CBSNews.com.