Half of Americans Don’t Have a 401(k) or Pension

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I'm pedaling as fast as possible to refund a 401(k) that crashed. I've socked away the maximum for all the years I've worked and I'm still worse off than my friends and neighbors who belong to UAW or SEIU. They will retire early with full pensions and health care even though the pension fund is underfunded and taxpayers (like me) will be required to make up the difference.

I don't begrudge people having enough to retire. We all should. I do begrudge taking from those who have very little to give to those who have an abundance.

Allison of OH 9:01PM November 30, 2009

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Planning to Retire

Senior editor Emily Brandon tells you how to get ready financially for retirement and to make your golden years the best they can be.

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Our retirement readiness calculator will provide a rough idea of how long your retirement savings and income will last.


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