Gao Says Retirees Face Tough Times


	Gao Says Retirees Face Tough Times

Doctrader

8-28-2009 1:33 PM

37 views

tags:

retirees, income, pension, risk

Doctrader says:

Workers have not saved enough. They have been going in debt, with cash for clunkers, zero down mortgages, and ATM their home's equity line for vacations and x-mas presents.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from August 28, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fabb7a8c-f30d-4d65-9849-49c3e9629148/49DBABAA-9D2B-41B2-BBE4-9EC54441F00F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx" href="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx" style="font-size: 11px;">www.lifeandhealthinsurancenews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><DIV>Workers may not have enough retirement income because only half of the US workforce was covered by a <B>pension plan</B> in 2008, according to a national survey <B>...</B>
<A href="http://news.google.com/news/story?ncl=http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx&hl=en" target="_blank"><FONT color="green">
See all stories on this topic</FONT></A>
</DIV></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content7.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx" href="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx" style="font-size: 11px;">www.lifeandhealthinsurancenews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><H1>
GAO Addresses Retirement Issues 
</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><P>U.S. workers face a number of risks in both accumulating and preserving pension benefits, the Government Accountability Office says in a new report.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><P>Important disadvantages may arise with mandating coverage and contributions, guaranteeing investment returns and annuitizing benefits, the report said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><P>For example, “mandatory approaches reduce risks but also raise concerns about the impact of higher benefit costs, particularly on small employers,” the report said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><P>Additionally, while annuitizing benefits at retirement can lessen longevity risk, doing so also limits retirees’ access to their assets, the report said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.lifeandhealthinsurancenews.com/News/2009/8/Pages/GAO-Addresses-Retirement-Issues.aspx"><P>“In addition, because such approaches are still voluntary, some workers will continue to lack coverage or contribute too little,” the report said.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/49DBABAA-9D2B-41B2-BBE4-9EC54441F00F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips