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| Below is a list of news stories that have been previously featured on the
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March 2008 457 Plan Sponsor of the Year: State of Hawaii 3/26/08 — Participation rate of 35% far exceeds national average of 21.6%. [PlanSponsor] Future of New Roth 457 Arrangements Still Uncertain 3/18/08 — Senate passes 30-day extension on H.R. 2419; bill includes provision for Roth 457 — but the future of these new arrangements is uncertain at this time. [ICMA-RC] January 2008 Senate Passes Bill on Roth Arrangements in 457 Plans 1/29/08 — Excerpt: Differences between the House and Senate bills will have to be resolved in a conference, which is expected to take place early in 2008. [ICMA-RC] Roth 457 Proposed 1/1/08 — Farm bill includes provision for governmental Roth 457 plans. [ICMA] October 2007 2008 Contribution Limits for 457 Remain at $15,500 10/18/07 — Excerpt: The limitation on deferrals under Section 457(e)(15) concerning deferred compensation plans of state and local governments and tax-exempt organizations remains unchanged at $15,500. [IRS] May 2007 Roth 457 Plan Pulled 5/1/07 — Proposal to create Roth 457 accounts dropped from House-Senate conference committee. [ICMARC] Benefits Officials: Do You Understand Your Plan Costs? 5/1/07 — Greater scrutiny of fees coming. [NAGDCA] April 2007 Benefits Officials: Ignore 457(b) at Your Peril 4/30/07 — School officials must understand their fiduciary responsibility. [Fred Reish] March 2007 Senate OK's Bill to Provide Roth 457 3/30/07 — Plan would be available to state and government workers. [ICMA] CalSTRS Adds 457 and Roth 403(b) 3/29/07 — The expanded supplemental savings investment program will be available to all employees of a school district, not just to teachers [CalSTRS] U.S. Heading For Financial Trouble? 3/4/07 — Excerpt: we suffer from a fiscal cancer... it could have catastrophic consequences for our country. [CBS]  February 2007 Fidelity Sees Dramatic Increase in Auto Enrollment 2/16/07 — Up 95% in 2006; lifecyle funds popular (free login). [Plan Sponsor] CalSTRS Seeks TPA for New Deferred Compensation Plan Services 2/14/07 — CalSTRS to offer Roth 403(b) and a 457(b) plan. [CalSTRS] January 2007 Congress Goes After Retirement Plan Fees 1/9/07 — Labor Department, Rep. George Miller, spearhead a move toward broader disclosure. [Workforce Management] 2007 403(b) Contribution Limits 1/1/07 — Regular 457(b) contribution limits rise to $15,500; age 50 catch-up remains $5,000. [403(b)wise] December 2006 Variable Annuity Watch 12/14/06 — There are seven reasons why variable annuities don't work for the vast majority of investors. [Scott Burns] October 2006 AIG VALIC Relents on Revenue Sharing Disclosure 10/23/06 — Under pressure, AIG VALIC agreed to disclose revenue-sharing agreements for new 457 plan at LAUSD (free login). [PlanSponsor] Employees Can Have Say in 401(k) 10/23/06 — Excerpt: In too many cases, a retirement plan is chosen for the convenience of the company's administration. [ContraCosta Times] IRS Announces Pension Plan Limitations for 2007 10/18/06 — Regular 457(b) contribution limits will rise to $15,500; age 50 catch-up remains $5,000. [IRS] September 2006 Chart Summary of Key PPA 457(b) Provisions 9/27/06 — Excerpt: Summary is meant to assist governmental plan sponsors in understanding key PPA provisions impacting 457(b) and 401 plans. [ICMA-RC] Boost for Retirement-Savings Efforts 9/26/06 — Labor Department proposes new rules making it easier for employers to enroll employees automatically in 401(k) and other retirement plans. [CBS MarketWatch] PPA Changes Affecting 403(b) and 457(b) 9/15/06 — The most important thing the Pension Protection Act did was to make EGTRRA permanent. [403b-457plansblog] 401(k), 403(b), 457(b) Hardship Withdrawal FAQs 9/15/06 — A retirement plan may, but is not required to, provide for hardship distributions. [IRS] August 2006 Pension Protection Act of 2006: IRAs, 403(b) and 457 Plans 8/21/06 — Overview of affect of Pension Protection Act of 2006 on IRA, 403(b) and 457. [Sutherland Asbill & Brennan] Target Funds + Auto Enroll + Auto Increase = Homerun 8/1/06 — Vanguard says putting all three in place gives employees best chance to save for retirement (free login). [Plan Sponsor] June 2006 Tax Exempt Organization Compensation Audits 6/12/06 — 403(b)/457(b) audit review and information. [ALI-ABA] Overview: 457(b) and Participant Investing 6/1/06 — Excerpt: "The growth in popularity of participant-directed 457(b) plans creates an emerging fiduciary issue for the governments that set up the plans and for the officials and committees who oversee their operation. [RLR&C] April 2006 Fees Eat Away at Employees' 401(k) Nest Eggs 4/23/06 — Obscure deductions are quietly eroding savings. [LA Times] Annuities and the 401(k) 4/20/06 — Excerpt: It is important that annuities are available to people who are retiring... I do not think that the cost-benefit analysis justifies having annuities in a 401(k) plan (free login). [PlanSponsor] Investors Don't Understand Impact of Fees 4/11/06 — Excerpt: investors often buy high-cost funds even though they sense they may be making a mistake. [Yale] When Your Paycheck Stops 4/10/06 — Ready to retire? Better make sure you can afford it. [Newsweek] March 2006 Why Are Healthy Employers Freezing Their Pensions? 3/23/06 — Excerpt: the pension landscape has changed. [Center for Retirement Research] Vanguard Introduces New Target Date Funds 3/21/06 — Vanguard will add target date funds for years 2010, 2020, 2030, 2040, and 2050 to its lineup (free login). [PlanSponsor] Retire Happy 3/15/06 — SmartMoney shows you how to navigate the new three-act retirement. [SmartMoney] February 2006 Retirement Plan Fees Drop 2/1/06 — Competitive pressure, regulatory scrutiny among reasons for lower costs. [Benefit News] January 2006 Debate on Terminating Public DB Plans 1/19/06 — Pros and cons of ending DB plans (free login). [PlanSponsor] Tax law changes for 2006 1/12/06 — Every January, a wide variety of taxes and tax benefits go up or down as a result of inflation or changes in tax law. [San Francisco Chronicle] Resolve to Simplify Investing 1/9/06 — Simplify savings and reduce costs in 2006 with target date retirement funds. [403(b)wise] November 2005 Trolling for 401(k) Treasure 11/1/05 — Congress expected to allow financial advisors to work with participants in company retirement programs. [Registered Rep] October 2005 IRS Announces Pension Plan Limitations for 2006 10/14/05 — IRS announces cost-of-living adjustments applicable to dollar limitations for pension plans and other items for 2006. [IRS] What Every Investor Should Know About Mutual Funds 10/14/05 — Some of what follows distills the collective experience of mutual fund investing... [AAII] September 2005 Monkey Business 9/28/05 — The difficulty of beating the market. [SmartMoney] Why Women Face a Retirement Crisis 9/19/05 — From living longer to earning less women face tough realities. [MSN] The Best Place for Retirement Funds 9/6/05 — Turns out location, location, location isn't just about real estate. [Harvard Business School] back to top July 2005 Are Fund Expenses Too High? (free login) 7/31/05 — Morningstar study says costs in 13 of top 20 fund families have increased. [MarketWatch] Alaska Public Pension Plans Switching From DB to DC (free login) 7/28/05 — Bill that would switch Teachers Retirement System to 401(k) type plan. [PLANSPONSOR] June 2005 Figuring Fees and Explaining Expenses (free login) 6/20/05 — Fees and expenses continue to be a hot topic for the Department of Labor and fiduciaries. [Plan Sponsor] Participants Not Playing Catch-up 6/6/05 — Report: only 13% of eligible plan participants made age 50 catch-up contributions in 2004. [Vanguard] May 2005 Automatic Signup In 401(k)s Backed 5/22/05 — Provision eyed for Social Security bill. [The Washington Post] Study Hints At Advisor Bias on Pensions 5/17/05 — Many retirement plan consultants have ties to providers. [The Washington Post] April 2005 Managing Retirement, Automatically 4/18/05 — Investors can select a mutual fund that will automatically adjust their investment portfolios. [The Washington Post] 457(f) Plans Need Review, or Participants May Pay High Price 4/11/05 — Recently passed legislation requires amendments to many 457(f) plans by December 31, 2005. [BNATAX Management] March 2005 Teach and Retire Rich Now Shipping 3/28/05 — New book explains how to reap intrinsic and extrinsic rewards of teaching. [Teach and Retire Rich] Sure thing? Better to Avoid Equity Index Annuities 3/20/05 — When you look closely at EIAs — and most people don't bother — the blemishes are clearly visible. [San Diego Union] Buffett's Tips: Don't Overtrade, or Panic 3/13/05 — Excerpt: "An index fund that they never touched would have done the job." [The Washington Post] January 2005 A Gold Mine in Low Fund Fees 1/31/05 — If you're smart enough to save on broker fees for your mutual funds, you can retire after 30 years of low-cost investing with 64 percent more. [Newsweek] Neglect That Spells Retirement Ruin 1/24/05 — New survey: only 12 percent of employees understand their retirement benefits. [The Washington Post] Autopilot 401(k) Plans 1/22/05 — Research from the field of behavioral finance suggests that many participants in defined contribution plans are not active, self-motivated decision-makers. [Vanguard] Risk-Reward Gamble 1/17/05 — Push for "ownership society" is in full swing. [The Washington Post] Brokers Pushing Variable Annuities in Retirement Accounts 1/10/05 — The conventional wisdom holds that variable annuities don't belong in tax-deferred retirement plans. [On Wall Street] Teach and Retire Rich 1/1/05 — New book by 403(b)wise details how educators can teach and retire rich. [403(b)wise] 457(b) Contribution Limits Rise 1/1/05 — Regular limits rise to $14,000; age 50 catch-up rises to $4,000. [457(b)wise] December 2004 403(b) and 457 Side-by-Side Comparison from the IRS (pdf) 12/15/04 — Compare features of retirement plans (including 401(k) plans) for tax exempt and government employers. [IRS] November 2004 When Every Basis Point Counts 11/30/04 — Businesses and their employees are paying close attention to the costs associated with their retirement plans. [Business Finance] October 2004 Ohio Acts Against Flagship Administration 10/12/04 — State alleges misappropriation of 403(b), 457 and 401(k) pension money. Story by ex-employee. [403(b)wise] The Worst Retirement Investment You Can Make 10/11/04 — By all rights, variable annuities should be dead by now... [MSN Money] Annuities Load 401(k)s with Fees 10/4/04 — A whopping 35% of your profits may be going to cover plan fees, which often include annuities you didn't know you had. [MSN Money] September 2004 Virginia County School District Picks Providers For 457, 403(b) Plans 9/17/04 — The Fairfax County (Va.) Public School System has picked a slew of new 403(b) and 457(b) providers. [DC News] August 2004 Fiduciary Education Campaign 8/25/04 — New government program to educate employers about fiduciary duties. [Department of Labor] 457 News and Notes 8/25/04 — Boston Water, Sewer Commission Seeks 457 Plan Provider...CitiStreet To Give Advice In Lone Star State... Diversified Upgrades Marketing Campaign. [DC News] Retired Teachers Work to End Social Security Pension Limits 8/5/04 — Retired teachers argue the Social Security system is hanging them out to dry. [Santa Cruz Sentinel] July 2004 On the Annuities Alert 7/26/04 — When it comes to variable annuities the SEC and NASD say: Watch your back. [The Washington Post] Middlemen Have Hands in Your U.S. Retirement 7/13/04 — What's your retirement plan really costing you when all the fees and commissions are subtracted from your returns? [Bloomberg] 457/403(b) News 7/1/04 — MassMutual and Prudential Financial to offer total retirement services...Colorado school district evaluates RFIs for new 457 plan... $146 million State of New Hampshire Deferred Compensation plan may search for a new bundled provider. [dcnews] June 2004 The Advantage of 457 for Tax- Exempt Organizations. 6/29/04 — Describes savings via "top hat" 457 plans. [theworkplace.biz] NASD Issues Report on Variable Annuities 6/9/04 — Examinations identify sound and weak practices regarding suitability and disclosure. [NASD] IRS: Unions Can Run 457 Plans 6/4/04 — Unions may offer 457 plans maintained by state and local government, IRS rules. [Plan Sponsor] UC System Adds 457(b) 6/4/04 — UC Regents approved a new voluntary savings plan that effectively doubles the amount of money UC faculty and staff may save for retirement. [University of California] Does Your 401(k)/457(b) Cost Too Much? 6/3/04 — Fees can take as much as 3% of an account each year. Watch out for conflicts of interest. [BusinessWeek] May 2004 403(b)/457 Agents Up In Arms 5/20/04 — Some are protesting new ING 403(b)/457 variable annuity product called AFT Choice Plus. [Advisor] Job Board Now Live 5/17/04 — Two college job openings posted. [403(b)wise] 5 critical fixes for 401(k) plans 5/7/04 — Americans are terrible at saving for retirement, and 401(k)s make big mistakes all too easy. The solution? Make screwing them up harder to do. [MSN The Importance of Naming a Beneficiary 5/7/04 — This often overlooked detail can have huge consequences. [403(b)wise] April 2004 The One Fund Solution for the 457(b)? 4/29/04 — Target-date funds may hit bullseye for savers seeking simplicity. [403(b)wise] NASD Proposes Specific Requirements for Deferred Variable Annuity Sales 4/26/04 — Concerns over suitability, disclosure, supervision cited. [NASD] Mutual Funds Fees Hard to Decipher 4/11/04 — Excerpt: "It is no surprise that 71 percent of non-retirement mutual fund investors seek advice." [The Washington Post] Is Your Retirement Plan Gouging You on Fees? 4/5/04 — Excerpt: "It's likely that few employees even know if they are being overcharged." [Bloomburg] Rolling Out Automatic 401(k) Enrollments 4/4/04 — In effort to boost savings new workers are enrolled upon employment. [The Washington Post] Teens Exhibit Dismal Grasp of Economics 4/2/04 — When it comes to managing dough, there's too much duh. [St. Petersburg Times] March 2004 Teachers Seek End to Social Security Penalty 3/25/04 — Social Security system penalizes teachers and other public employees in retirement. [Star-Telegram] Social Security Isn't Doomed 3/23/04 — But too many people now think it is. That's why supporters can't just lie back and say it will all work out. [Newsweek] Retirement Clock Ticking 3/8/04 — Top 10 ways to beat the clock and prepare for retirement. [US Department of Labor] Do Annuities Make Sense in a 457(b)? 3/8/04 — The low down on annuities inside a 457(b). [403(b)wise] Congress Closes "Last Day" Teacher Social Security Loophole 3/2/04 — HR 743 has three key provisions that impact public sector employees. [NCPERS] February 2004 Happy Birthday IRA 2/29/04 — IRAs, which came into being as part of the 1974 Employee Retirement Income Security Act, turn 30. [The Washington Post] How Envoy Hurts Teachers 2/25/04 — Teacher: "I am so frustrated that financially devastating restrictions are being placed on my own 457(b) money." [403(b)wise] New Light on Hidden Fees 2/16/04 — What do you really pay for your mutual fund? Even if you tried to find out, you couldn't do it. [Newsweek] Measure Shuts Teachers' Social Security Loophole 2/11/04 — Bill to close a loophole in federal law that allows Texas teachers to keep their own state pensions and the full Social Security benefits of deceased spouses. [Houston Chronicle] Employers are Paying Closer Attention to 401(k) Fees 2/10/04 — Excerpt: "A 2003 survey by Deloitte & Touche revealed a disconnect between what employers thought about expenses and what they actually knew." [Dow Jones News Service] Don't Call Spitzer on 403(b), 457 Mutual-Fund Abuse 2/9/04 — As regulators start to investigate variable annuities, a great place to begin would be broker-sold mutual funds within retirement-plan annuity contracts. [John Wasik] Opinion: Bush Proposals Would Frustrate Long-Term Savers 2/3/04 — New proposals will add several new layers of complexity and frustration for every taxpayer. [John Wasik] ASPA Weighs in on Savings Plans 2/3/04 — The American Society of Pension Actuaries breaks down new savings plans. [ASPA] Retirement Savings Plans Resurface 2/2/04 — 2005 budget includes LSA, RSA, and ERSA, and new Individual Development Accounts. [Treasury Department] January 2004 House Introduces Legislation Allowing State Workers to Contribute to 403(b) 1/30/04 — HR 3718, which if passed would allow state government workers to contribute to 403(b) plans. [Financial-Planning.com] The Teachers' Advocate 1/30/04 — Compilation of teacher-related financial stories by planner and teacher advocate Scott Dauenhauer, CFP. [Meridian Wealth] Bill Introduced to Allow State Employees to Contribute to 403(b) 1/29/04 — HR 3718 was introduced by Virgil H. Goode Jr. (R-Virginia). [457bwise] Bush Retirement-Savings Plans to Resurface in February 1/28/04 — RSA and LSA plans will be unveiled in the president's Feb. 2 budget, Treasury Department says. [Seattle Times] NY City Teachers Choices Include a 457(b) 1/21/04 — NY City Teachers are no longer compelled to "take it or leave it" when it comes to pre-tax retirement savings plans. [403(b)wise] Fund Fees Vital but Need Review, Lipper Says 1/19/04 — Lipper's team also proposed a radical shift in the way 12b-1 fees are assessed. [The Washington Post] Boomers Running Out of Time/Excuses to Save 1/12/04 — Baby boomers have plenty of retirement excuses — some of them even good [SunSpot] 457(b) Contribution Limits Rise 1/1/04 — Regular limits rise to $13,000; age 50 catch-up rises to $3,000. [457(b)wise] December 2003 Willful Ignorance: The Mutual Fund Investor 12/25/03 — Most mutual fund investors don't know how much they're paying to have their money managed. What's worse is that they mostly don't care. [MSNBC] Drive Renews for Tax-Free Savings Accounts 12/6/03 — Treasury will again push for RSA and LSA accounts. [The Washington Post] The Real Fund Rip-Off 12/3/03 — Mutual-fund scandals grab headlines, but the bigger bite is heavy-duty fees. [Time] November 2003 403(b) and 457 Fiduciary Liability 11/25/03 — Employers take note: plan sponsors must act quickly to properly protect themselves against allegations of fiduciary liability. [403(b)wise] Retirement Storm Clouds 11/6/03 — It's not the economy or the stock market, but faulty assumptions that could rain on your retirement. [Money] October 2003 ERSAs on Comeback Trail 10/31/03 — Bush Administration poised to push its new breed of retirement savings programs next year. [PlanSponsor.com] The RFP Process 10/30/03 — What are the right questions to ask when conducting an RFP? [403(b)wise] Teachers' Tax Break Will Soon Be History 10/24/03 — School's only recently back in session, but teachers are about to lose a tax break that was just granted to them last year. [TheStreet.com] A Reason for Teachers to Dance 10/16/03 — Thanks to EGTRRA, teachers can sock away $24,000 a year in defined-contribution plans in 2003. [Motley Fool] The Teacher's Advocate 10/6/03 — Certified financial planner and teacher advocate Scott Dauhenauer writes about financial issues unique to educators. [Scott Dauenhauer] Do We Have a Retirement Crisis in America? 10/6/03 — A summary of the findings on the state of retirement income security in the United States. [TIAA-CREF Institute] September 2003 TIAA-CREF 457(b) Selected in LA 9/4/03 — TIAA-CREF has been chosen as the exclusive 457(b) retirement plan provider for the Los Angeles Community College District and the Los Angeles County Office of Education. [TIAA-CREF] Pilot Program Makes Savings Automatic 9/4/03 — Employees sign a salary reduction agreement that automatically increases the percentage of salary saved for retirement each year at a fixed contribution rate. [TIAA-CREF] Back-to-School Financial Checklist for Teachers 9/2/03 — While it is critical to have lesson plans and activities in order for the students, it is equally critical that teachers put their financial lesson plan in order as well. [403(b)wise] August 2003 IRS Issues Final Catch-Up Contribution Rules 8/27/03 — Excerpt: "This information applies to sponsors of 401(k) plans, 403(b) programs and governmental section 457 plans that allow participants age 50 and older to make catch-up contributions." [CIGNA] July 2003 New Jersey Hires 457 Consultant, May Launch Recordkeeper Search 7/27/03 — The $1 billion 457 plan sponsored by the New Jersey State Employees Deferred Compensation Plan has hired Mercer Investment Consulting to conduct a study of its 457 plan, which may lead to a search for a new recordkeeper. [DC News] Overview of Final Section 457 Regulations 7/21/03 — Excerpt: "One of the more controversial aspects of the proposed regulations was its rule for coordinating IRC section 457(f) and section 83... [Deloitte & Touche] In Testy Session House Committee Approves Portman-Cardin 7/18/03 — Bill would allow individuals to contribute $15,000 to 403(b), 457(b) and 401(k) plans next year. IRAs would increase to $5,000. [The Washington Post] IRS Releases Final 457 Regulations 7/11/03 — Detailed summation of final IRS 457 regulations. [Great-West] IRS Releases Final 457 Regulations 7/10/03 — The regulations reflect the changes made to section 457 by the Tax Reform Act of 1986, the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, the Economic Growth and Tax Relief Reconciliation Act of 2001, the Job Creation and Worker Assistance Act of 2002, and other legislation. [IRS] IRS Releases Final 457 Regulations 7/10/03 — The long awaited final 457 regulations make important changes and clarifications to the 2001 proposed regulations. [SunGard Corbel] June 2003 Start Spreading The News — Gotham Plans August Brokerage RFP for 457 Plan 6/29/03 — The $4 billion 457 plan sponsored by the New York City Deferred Compensation Program is planning to issue RFPs for a self-directed brokerage account to offer more choices for its 175,000 participants. [DC News] Can There Be Too Much Choice in a Retirement Savings Plan? 6/19/03 — Conventional wisdom suggests that the more investment options a savings plan offers, the better. Conventional wisdom may be wrong. [Vanguard] Pension Reform Comparison 6/18/03 — Side-by-side comparison of EGTRRA, the Bush Proposal and Portman-Cardin, and the impact of each on the 403(b) and 457. [TIAA-CREF] Read Between the Numbers: 403(b)s and 457s 6/16/03 — Story outlines 403(b) and 457 provisions and differences. [TeachersTalk] Restrictive Texas 457(b) Legislation Fails to Come to a Vote 6/9/03 — Texas legislation SB 1243 which sought to apply state 403(b) rules to the 457(b) failed to come to a vote before the close of the 78th Legislative Session. [457(b)wise] May 2003 IRS Issues Proposed Regulations on Deemed IRAs 5/30/03 — For purposes of the Deemed IRA rules, the term "qualified employer plan" includes 401(a)/(k) qualified retirement plans, 403(a) annuity plans, 403(b) tax-sheltered annuity plans, and governmental 457(b) plans. [Great West] Dumb and Dumber in Texas: Lobbyists Seek to Torpedo RFP in 457(b) 5/28/03 — Under proposed Texas legislation SB 1243 that seems very likely to pass, school districts will soon be denied the ability to engage in the RFP process when offering 457(b) plans. [457(b)wise] 8 Things Your Financial Planner Won't Tell You 5/19/03 — Literally anyone can claim to be a financial adviser. Even those with top credentials may not divulge everything you should know. Here's how to dig up the facts on the person you're paying for financial advice. [MSN] New Jersey Transit Weighs Changes to 457 and 401(k) 5/18/03 — The combined $200 million 401(k) and 457 plans sponsored by New Jersey Transit are reviewing their current investment options and considering making changes. [DC News] Focus on 457: House to Vote on Pension Security Act 5/14/03 — The House of Representatives is scheduled to vote on the Pension Security Act (HR 1000) on May 14, 2003. Also includes information on proposed 457 and 403(b) regulations. [Great West] I Want Your Job, Lady! 5/9/03 — In a sour economy, men are flocking to teaching, nursing, child care and other "female" professions. [Time] Time is Right for a Savings Campaign 5/8/03 — In 1990, 24 percent of the elderly said nine-tenths of their income came from Social Security. By 2001, that was true of 33 percent of elders, according to the Social Security Administration. The average Social Security retirement-benefit check for 2002 was $895 a month. Could you live on that? [Washington Post] California City To Consider $70 Million 457 Plan Search 5/6/03 — A California plan will consider searching for bundled or unbundled services for its $70 million, 1,200-participant 457 plan at an informal meeting to be held in July. [DC News] Buffett: Expect 6%-7% Returns From the Market 5/3/03 — Meeting with shareholders in Omaha, Warren Buffett said investors in U.S. stocks should expect returns of 6 percent to 7 percent a year. [Bloomberg] April 2003 Getting Workers to Save for Retirement is a Challenge 4/27/03 — How do we get people to save more for retirement? It's an important question since Social Security is headed for insolvency and a third of all workers have no retirement savings. [St. Petersbrug Times] Breakdown of Portman-Cardin Proposal 4/17/03 — Highlights of the Portman-Cardin Pension and Savings Act which would accelerate 403(b) and 457 contributions to $15,000 for 2004. [Great-West] Portman and Cardin Introduce Retirement Security Legislation 4/11/03 — Americans would be able to save more for retirement and have more control over their savings under the bipartisan Pension Preservation and Savings Expansion Act introduced today by Reps. Rob Portman (R-OH) and Benjamin L. Cardin (D-MD). [house.gov] 10 Simple Rules For Fund Investors 4/6/03 — Here are 10 principles to guide your mutual fund investing. [Washington Post] Watch Out For Fund Fees 4/4/03 — Low fees don't guarantee better performance. But the more you pay, the less you keep yourself. Over time, you can pay thousands of dollars in fund fees, even if your fund is a rotten performer. [USA Today] House Approves Bill Ending Social Security Boon for Teachers 4/3/03 — The House passed legislation yesterday to end a Social Security practice that allowed some government workers to receive increased retirement benefits. Texas Democrats said the bill was a hardship for their state's teachers. [Washington Post] March 2003 Teachers Side of Social Security Loophole Debate 3/17/03 — American Federation of Teachers-affiliated website posts news and views of Texas Social Security loophole debate. [Alliance AFT] States Cutting School Funding 3/15/03 — The states' most serious fiscal crisis in more than half a century has worsened to the point that more than a third of the states are moving to cut millions — in some cases billions — of dollars from public school budgets. [The Washington Post] Congress at Odds Over How Texas Teachers Get Benefits 3/14/03 — Thousands of retiring Texas teachers in recent years have done a curious thing on their last day of work: served as janitors, cafeteria employees or other blue-collar workers. The one-day service qualified them for thousands of dollars in Social Security benefits they otherwise would forego. [The Washington Post] Workforce Committee Approves Bipartisan Pension Security Act 3/6/03 — The comprehensive pension protection bill backed by President Bush and passed by the House last year would give millions of Americans new tools to help them better manage and expand their retirement savings. [Committee on Education and the Workforce] The Bond Bull's Horns 3/2/03 — Last year, investors pulled $25 billion out of stock mutual funds and added $125 billion to bond mutual funds. You can hardly blame them. It's scary out there, and, as war nears, it's getting scarier [The Washington Post] February 2003 Sizing Up the Savings Plans 2/13/03 — The big winners would be people living at the top of Money Peak. The losers? Lower paid workers might be cut out of company plans. [Jane Bryant Quinn] A Wealth of Qualms On Bush's Savings Plans 2/9/03 — Offered under the rubric of tax simplification, the proposals would offer a chance for the well-to-do to make their children really rich. [The Washington Post] ERSA and the 457(b) 2/7/03 — Bush proposal would have significant affect on the governmental 457(b). [457(b)wise] GOP Not Backing Savings Changes 2/7/03 — Bush plan — which reorganizes 401(k)-type plans and IRAs — won't pass, Republican leaders say. [The Washington Post] 457(b) for Teachers: A Planner's Take 2/7/03 — Planner Scott Dauenhauer, CFP, outlines the governmental 457(b) plan as it relates to teachers. [457(b)wise] Welcome to 457(b)wise 2/7/03 — 457(b)wise is brought to you by Dan Otter and John Moore, the operators of 403(b)wise. [457(b)wise] |
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