Retirement

401(k) Reform: Doing It the Right Way

401(k) retirement savings plans have been popular over the past three decades. However, the Enron debacle and the recent stock market slump are spurring Congress and the Bush administration to propose…

Reinventing Retirement Income in America

Traditional defined benefit pension plans, which are managed by employers and which promise workers a specific monthly payment on retirement, are disappearing. Instead, more than 42 million workers no…

Is the Stock Market Too Risky for Retirement?

Now that President Bush's Commission to Strengthen Social Security is preparing its report for release later this year, the debate on the wisdom of investing in the stock market is again at center sta…

Should IRA's Be Expanded?

On July 19 the House voted to expand the amount taxpayers can invest in Individual Retirement Accounts (IRAs) and 401(k) retirement plans. With the help of 181 Democrats, the Republican-initiated prop…

Americans Support Personal Retirement Accounts

Polls consistently demonstrate the popularity of personal retirement accounts as an alternative to the current Social Security system. Younger voters overwhelmingly favor moving to a new system in whi…

The Case for IRAs

A new bill introduced by Lloyd Bentsen (D-TX) and William Roth (R-DE) would restore the right of every American to contribute up to $2,000 a year to an IRA account. As an alternative, the bill would g…

Pension Plans at Risk: A Potential Hazard of Deficit Reduction and Tax Reform

As the Administration and Congress persue deficit reduction and tax reform, America's private pension system finds itself in great jeopardy.

Private Pensions in Crisis: The Case for Radical Reform

The American private pension industry is in crisis. Although this crisis arises in the private sector of the economy, it is not the result of voluntary exchange in the free marketplace. It is instead…