Retirement insights from a Colorado PERA perspective

A distant view shows a mountainous landscape with sloping peaks, green trees in the foreground, and a cloudy sky above.

A digest of timely information and insight about finance, investing, and retirement.



<a href="https://www.washingtonpost.com/business/2018/12/17/retirement-regrets-what-retirees-would-say-their-younger-selves/?noredirect=on&amp;utm_term=.035bb138504a" target="_blank" rel="noreferrer noopener" class="broken_link">Retirement regrets: What retirees would say to their younger selves</a> | <a href="https://www.washingtonpost.com/" target="_blank" rel="noreferrer noopener" class="broken_link">Washington Post</a> Recently, the author asked: If you could, what retirement planning advice would you give to your younger self based on what you know now? She posed this question to retirees and was subsequently overwhelmed with comments from those who wish they could go back and talk to themselves. But the advice doesn’t have to be wasted. There’s still time for others to learn from others’ mistakes.



<a href="https://www.forbes.com/sites/impactpartners/2018/12/18/the-5-fundamentals-of-retirement-planning/#1562dbd87252" target="_blank" rel="noreferrer noopener">The 5 fundamentals of retirement planning</a> | <a href="https://www.forbes.com/" target="_blank" rel="noreferrer noopener">Forbes</a> No matter who you are, retirement brings a time of change. No longer working every day and having to adjust to the financial changes can bring stress to anyone. However, with proper planning, you can look forward to this time with the excitement and the freedom that having a plan provides. Five fundamentals should be considered when planning for retirement.



<a href="https://content.copera.org/retirement-roundup-what-retirees-would-say-to-their-younger-selves/" target="_blank" rel="noreferrer noopener">After 40 years, some say the 401(k) is due for a facelift</a> |<a href="https://content.copera.org/retirement-roundup-heres-what-could-take-a-big-bite-out-of-your-nest-egg/" target="_blank" rel="noreferrer noopener">Pe</a><a href="https://content.copera.org/retirement-roundup-heres-what-could-take-a-big-bite-out-of-your-nest-egg/">nsions &amp; Investments</a> Of all the major milestones the 401(k) has crossed, its most recent stands out. Forty years ago, Congress paved the way for the birth of the nation’s first 401(k) retirement savings plan when legislators added paragraph (k) to Section 401 of the Internal Revenue Code. Since that day on Nov. 6, 1978, the 401(k) has grown and flourished, settling comfortably into households across America. Yet while many say it has aged well, plenty more say that it’s time for a few nips and tucks.



<a href="http://www.governing.com/topics/finance/gov-pension-divestment.html?utm_term=Pension%20Politics%3A%20Should%20States%20Be%20Investing%20in%20Controversial%20Companies&amp;utm_campaign=Pension%20Politics%3A%20Should%20States%20Be%20Investing%20in%20Controversial%20Companies&amp;utm_content=email&amp;utm_source=Act-On+Software&amp;utm_medium=email" target="_blank" rel="noreferrer noopener">Politicizing the portfolio</a> | <a href="http://www.governing.com/" target="_blank" rel="noreferrer noopener">Governing</a> In California and elsewhere, public employee retirement funds are grappling with the issue of ESG investing, a strategy based on an asset’s environmental, social and governance factors. The idea is that firms with sustainable environmental practices, who are good social stewards and have strong governance practices, are more likely to produce stronger returns over the long run. While the notion of ESG investing has been around for decades under one name or another, its current form has taken off in popularity as more sustainably minded millennial and Generation X investors have entered the stock and bond markets. Many governments have positioned themselves as good ESG investments in order to attract these investors. They’ve even generated new vehicles for investments, such as green bonds and pay for success bonds. But as a result, they’re finding themselves awash in controversy, accused of playing politics.



<a href="https://www.cnbc.com/2018/12/17/how-to-manage-debt-ahead-of-retirement.html" target="_blank" rel="noreferrer noopener">Before you retire, pay off that debt</a> | <a href="https://www.cnbc.com" target="_blank" rel="noreferrer noopener">CNBC</a> How you manage debt could have a big impact on how your retirement dreams play out. Four in 10 retirees cite “paying off debt” as a current financial priority—putting it on equal footing with “just getting by to cover basic living expenses” as a top concern, according to a new report from the Transamerica Center for Retirement Studies. Almost three in 10 cite paying down credit card debt as a priority, while 17 percent are focusing on <a href="https://www.cnbc.com/2018/06/26/focus-on-this-debt-for-a-better-retirement.html" target="_blank" rel="noreferrer noopener">mortgage debt</a> and 11 percent some other consumer debt, such as medical bills or <a href="https://www.cnbc.com/2018/11/14/more-older-people-are-bringing-student-debt-into-their-retirement.html" target="_blank" rel="noreferrer noopener">student loans</a>.



<a href="https://www.courier-journal.com/story/news/politics/2018/12/17/kentucky-pension-crisis-reasons-how-we-got-here/2317233002/" target="_blank" rel="noreferrer noopener">Kentucky is in a $43 billion pension hole. Here are some reasons why</a> | <a href="https://www.courier-journal.com/" target="_blank" rel="noreferrer noopener">Courier-Journal</a> In 2000, Kentucky’s public retirement plans were fully funded. Since then, they’ve accumulated nearly $43 billion in debts—making Kentucky’s pension system one of the worst-funded in America. Determining exactly how Kentucky got into this mess is a complicated exercise, partly because the reasons vary among Kentucky’s distinct pension plans for teachers, state government workers and local government workers. But, in simplified terms, there are a few common reasons.

Retirement Roundup: What retirees would say to their younger selves

A digest of timely information and insight about finance, investing, and retirement.



<a href="https://www.forbes.com/sites/ebauer/2018/07/13/retirement-savings-and-pension-funding-101-some-actuary-splaining/#763497846db4" target="_blank" rel="noreferrer noopener">Retirement savings and pension funding 101 (some actuary-splaining)</a> |&nbsp;<a href="https://www.forbes.com" target="_blank" rel="noreferrer noopener">Forbes</a> How do employers fund and account for pensions?&nbsp; How should workers save for retirement?&nbsp; Revisiting the basics of pension funding methods might provide a different way of thinking about these issues.



<a href="https://www.reuters.com/article/us-column-marksjarvis-healthcare/how-to-shockproof-your-retirement-healthcare-costs-idUSKBN1K119S" target="_blank" rel="noreferrer noopener">How to shockproof your retirement health care costs</a> |&nbsp;<a href="https://www.reuters.com" target="_blank" rel="noreferrer noopener">Reuters</a> In a national survey by Brightwork Partners, four in five baby boomers said they worry but they are too confused to plan for medical costs. Tools are on the way. While most retirement health care research focuses on broad lifetime numbers, like <a href="https://www.azcentral.com/story/money/business/consumers/2018/04/22/health-costs-retirement-5-things-you-should-know/521129002/" target="_blank" rel="noreferrer noopener">Fidelity’s recent estimate</a> that a couple will spend $280,000 on health care costs in retirement, a new study by Mercer Health and Benefits and Vanguard Research broke it down more specifically.



<a href="https://www.healthcaredive.com/news/ma-outperforms-traditional-medicare-for-people-with-chronic-conditions-stu/527532/" target="_blank" rel="noreferrer noopener">Study: MA outperforms Medicare for people with chronic conditions</a> |&nbsp;<a href="https://www.healthcaredive.com" target="_blank" rel="noreferrer noopener">Healthcare Dive</a> Medicare Advantage enrollees with chronic conditions had 23 percent fewer inpatient stays and 33 percent fewer emergency room visits than beneficiaries in traditional fee-for-service Medicare, according to a recent Avalere Health&nbsp;<a href="http://avalere.com/expertise/managed-care/insights/medicare-advantage-achieves-better-health-outcomes-and-lower-utilization-of" target="_blank" rel="noreferrer noopener">study</a>. There were similar results for dual-eligible beneficiaries, among which MA recipients had 33 percent fewer hospitalizations, 42 percent fewer ER visits, and 20 percent lower costs.



<a href="http://www.startribune.com/minnesota-s-pension-changes-not-a-cure-all-moody-s-warns/487616801/" target="_blank" rel="noreferrer noopener">Minnesota’s pension changes “far from a cure-all,” Moody’s warns</a> |&nbsp;<a href="http://www.startribune.com" target="_blank" rel="noreferrer noopener">Star-Tribune</a> Just one month after Gov. Mark Dayton signed a massive overhaul of Minnesota’s pension system into law, the prominent credit rating agency Moody’s warned that the changes are “far from a cure-all.” Moody’s was one of several rating agencies that recently published articles saying the state’s reform, which is expected to stabilize the benefits of 511,000 retirees and public employees, is a step in the right direction. But the agencies warned more work will be needed to handle high pension burdens.



<a href="https://content.copera.org/retirement-roundup-retirement-savings-and-pension-funding-101/" target="_blank" rel="noreferrer noopener">Commentary: Public pension funds must not divest from reality</a> |&nbsp;<a href="https://www.copera.org/federal-legislation-hurt-institutional-investors-main-street-retirees" target="_blank" rel="noreferrer noopener">Pensions &amp; Investments</a> Pension funds must invest long-term to meet the anticipated needs of retirees. Every dollar counts, and long-term growth is essential, especially because markets do not always go up. Managing other people’s money is not a trivial pursuit — it demands prudence, patience and perception, not political gamesmanship.



<a href="https://www.nytimes.com/2018/07/13/business/in-a-tight-labor-market-retirees-fill-gaps-their-previous-employers-cant.html" target="_blank" rel="noreferrer noopener">In a tight labor market, retirees fill gaps their previous employers can’t</a> |&nbsp;<a href="https://www.nytimes.com/" target="_blank" rel="noreferrer noopener">New York Times</a> At a moment when the unemployment rate is low, hovering around 3.9 percent, some employers are turning to their pool of retirees to fill holes in their staff. As with many of the unretired, the benefits of going back to work are more than financial. Full retirement, after all, isn’t right for everyone. For some seniors, work gives meaning. Losing it can be devastating.

Retirement Roundup: Retirement savings and pension funding 101

A digest of timely information and insight about finance, investing, and retirement.



<a href="https://content.copera.org/retirement-roundup-interim-ceo-baker-tapped-to-join-institutional-investor-group/" target="_blank" rel="noreferrer noopener">Council of Institutional Investors taps Ash Williams as new chairman</a> |&nbsp;<a href="https://www.copera.org/federal-legislation-hurt-institutional-investors-main-street-retirees" target="_blank" rel="noreferrer noopener">Pensions &amp; Investments</a>The Council of Institutional Investors on Wednesday announced that Ron Baker, PERA’s Interim Executive Director, has joined their board and Ashbel Williams, executive director and chief investment officer of the $209.7 billion Florida State Board of Administration, Tallahassee, was named chairman. Other new board members for 2018-2019 include Jerry Albright, CIO of the $146 billion Texas Teacher Retirement System, Austin; Renaye Manley, deputy director, strategic initiatives department at the Service Employees International Union; Thomas McIntyre, international representative at the International Union of Bricklayers and Allied Craftworkers; Hope Mehlman, chief governance officer and assistant corporate secretary at Regions Financial Corp.; and Jennifer Peet, corporate governance director for the Oregon State Treasury and the $78.9 billion Oregon Public Employees Retirement Fund, Salem.



<a href="https://www.nytimes.com/2018/03/16/business/fiduciary-rule-retirement-planning.html" target="_blank" rel="noreferrer noopener">Court overturns Obama-era rule on retirement planners</a>&nbsp;|&nbsp;<a href="https://www.nytimes.com" target="_blank" rel="noreferrer noopener">The New York Times</a> A federal appeals court has ruled that the Department of Labor overstepped its authority when it wrote a rule that required financial professionals, including brokers and insurance agents, to put their customers’ financial interests ahead of their own. The United States Court of Appeals for the Fifth Circuit overturned a lower court’s ruling in a 2-to-1 decision siding with the plaintiffs, which include several groups representing the financial services industry. The strongly worded decision is not necessarily the end of the <a href="https://www.copera.org/retirement-roundup-long-1-million-last" target="_blank" rel="noreferrer noopener">fiduciary rule</a>, lawyers said, but its future is highly uncertain.



<a href="https://www.courier-journal.com/story/news/politics/2018/03/14/stivers-dont-see-lot-hope-pension-bill/424601002/" target="_blank" rel="noreferrer noopener">Kentucky&#8217;s pension reform bill is unlikely to pass</a> |<a href="https://www.courier-journal.com" target="_blank" rel="noreferrer noopener">Louisville Courier-Journal </a>Key Senate Republican leaders acknowledged last Wednesday there is little hope for passage of the pension reform bill during the 2018 General Assembly and began warning of serious ramifications if the bill is not passed. &#8220;I don’t see a lot of hope for it. That’s just the reality,” Senate President Robert Stivers said Wednesday of the status of the pension measure, Senate Bill 1. The Senate president said, &#8220;I am looking at legislation to introduce later on. I do not want to come into a special session, but it may be necessary.&#8221;



<a href="https://www.cnbc.com/2018/03/09/women-fail-to-save-enough-for-retirement-heres-how-to-fix-that.html" target="_blank" rel="noreferrer noopener">Women fail to save enough for retirement. Here&#8217;s how to fix that</a> |<a href="https://www.cnbc.com" target="_blank" rel="noreferrer noopener">CNBC</a>When it comes to saving for retirement, most women aren&#8217;t giving themselves a passing grade. Only 12 percent of working women are &#8220;very confident&#8221; that they will be able to retire comfortably, according to new research from the Transamerica Center for Retirement Studies. Another 46 percent of women are &#8220;not too confident&#8221; or &#8220;not at all confident&#8221; about their retirement, according to the survey. That insecurity highlights the unique challenges women face when it comes to saving for their later years.



<a href="http://time.com/money/5187025/what-retirees-can-learn-from-this-years-oscar-winners/" target="_blank" rel="noreferrer noopener">What retirees can learn from this year&#8217;s Oscar winners</a> |&nbsp;<a href="http://time.com/money/" target="_blank" rel="noreferrer noopener">Time-Money</a>This year’s Oscars delivered a powerful and inspiring message for anyone who’s nearing or is at retirement age: Achievement doesn’t have an expiration date, and success and fulfillment are still possible even as you’re increasingly reeling in the years.



<a href="https://www.marketwatch.com/story/the-irrational-time-people-save-for-retirement-2018-03-19" target="_blank" rel="noreferrer noopener">The irrational thing some people do when they retire</a> |&nbsp;<a href="https://www.marketwatch.com/" target="_blank" rel="noreferrer noopener">MarketWatch</a>The best time to save for retirement is decades before it starts, but some people get into the habit of squirreling away money only after calling it quits. Researchers from Columbia Business School and Copenhagen Business School <a href="http://www.nber.org/papers/w24405" target="_blank" rel="noreferrer noopener">found</a> that after retirement, retirees were more inclined to reduce consumer debt and increase their liquid savings. The data doesn’t give a definitive explanation, but researchers call it the “retirement-consumption puzzle,” suspecting it is a mix of work-related expenses disappearing and more leisure time to spend cooking and looking for better deals.

Retirement Roundup: Interim CEO Baker tapped to join institutional investor group

A digest of timely information and insight about finance, investing, and retirement.



<a href="https://www.plansponsor.com/public-pensions-able-pay-promised-benefits/" target="_blank" rel="noreferrer noopener">Public Pensions Have Been Able to Pay Promised Benefits</a> |&nbsp;<a href="https://www.plansponsor.com" target="_blank" rel="noreferrer noopener">PLANSPONSOR</a>Some policymakers want to close participation in a public pension plan to all new hires, cut benefits and increase employee contributions, or convert defined benefit (DB) plan pensions into defined contribution (DC) plans. They usually cite the underfunding of public pension plans as the reason for these ideas. New research shows that funding status has little correlation with a pension fund’s ability to pay its promised benefits. Michael Kahn, director of research for the National Conference on Public Employee Retirement Systems (NCPERS) used data from the annual survey of public pensions by the U.S. Census Bureau for 1993 to 2016 and other data and found that during the last quarter century or so, state and local pension plans have always been able to meet their benefit and other payment obligations.



<a href="http://squaredawayblog.bc.edu/squared-away/retirees-say-ugh-to-medicare-shopping/">Retirees say ‘Ugh’ to Medicare Shopping</a> |<a href="http://squaredawayblog.bc.edu/">Squared Away Blog</a>In terms of popularity, reviewing Medicare plans during the open enrollment period ranks right up there with doing taxes. Retirees on Medicare view healthcare as their most burdensome expense. But they are less likely to comparison shop for Medicare plans than for their groceries and gas, even though plan shopping would probably save more money.



<a href="https://content.copera.org/retirement-roundup-pensions-are-keeping-promises/" target="_blank" rel="noreferrer noopener">Funds fighting effort to add UBIT measure</a> |<a href="https://www.copera.org/federal-legislation-hurt-institutional-investors-main-street-retirees" target="_blank" rel="noreferrer noopener">Pensions &amp; Investments</a>As Congressional Republicans rush to pass tax reform before 2018, public pension plan officials are determined to see one new idea not make it to the finish line: the House plan for a new tax on unrelated business income from direct investments, such as real estate and private equity. The Internal Revenue Service already applies the unrelated business income tax, known as UBIT, to state colleges and universities. But its longstanding silence on application of that tax to other state entities has led public pension plans to believe it does not apply to them, particularly since their gross income already is excluded under another part of the IRS code. Under the House bill, being exempt under one section of tax code would not spare entities from UBIT on income from direct investments. With no grandfathering period, public pension funds would be facing a whole new world in January if the measure is passed.



<a href="https://www.cnbc.com/2017/11/24/health-care-costs-in-retirement-can-top-275000.html" target="_blank" rel="noreferrer noopener">The $275K retirement expense you can&#8217;t afford to ignore</a> |<a href="https://www.cnbc.com" target="_blank" rel="noreferrer noopener">CNBC</a> Before you retire, give your health-care financial plan a checkup. A healthy 65-year-old couple retiring this year can expect to spend $275,000 to cover health-care costs in retirement, according to Fidelity. Those calculations include premiums, cost-sharing provisions and out-of-pocket costs associated with Medicare parts A, B and D — but don&#8217;t include other health expenses, such as over-the-counter medications, dental services, and long-term care.



<a href="https://www.ai-cio.com/news/survey-shows-geopolitical-risk-tops-pension-asset-managers-concerns/" target="_blank" rel="noreferrer noopener">Survey Shows Geopolitical Risk Tops Pension, Asset Managers’ Concerns</a> |<a href="https://www.ai-cio.com/" target="_blank" rel="noreferrer noopener">Chief Investment Officer</a>Institutional investors see geopolitical stability as the biggest short- to medium-term risk to the global economy, more than inflation, growth rates, and central bank policy combined, according to a report from asset manager PineBridge Investments. In a survey of pensions, consultants, and asset management professionals, PineBridge found that 55 percent of pension professionals, and 54 percent of asset managers, saw geopolitical risk as the biggest threat to the economy. “The results surprised me, as I believe geopolitical risk is currently quite low by recent standards,” said Steve Cook, co-head of emerging markets fixed income at PineBridge Investments, in a <a href="https://www.pinebridge.com/press-releases/pinebridge-investments-survey-shows-geopolitical-risk-tops-pension-professionals-concerns" target="_blank" rel="noreferrer noopener">release</a>. “Presumably, respondents are nervous with regard to Korea, Iran, and other potential flashpoints.”



<a href="https://www.nytimes.com/2017/11/24/your-money/some-women-attain-an-enviable-status-401-k-millionaire.html" target="_blank" rel="noreferrer noopener">Some Women Attain an Enviable Status: 401(k) Millionaire</a>&nbsp;|&nbsp;<a href="https://www.nytimes.com" target="_blank" rel="noreferrer noopener">The New York Times</a> Accumulating $1 million in retirement savings is symbolic, even if it means different things to different people. It represents an aspirational amount of wealth to some, financial security to others or a milestone on the way to greater savings still. Of course, in a nation where 44 percent of the population does not have $400 saved for an emergency expense, reaching $1 million may seem unimaginable. For a small but growing number of working women, however, it has become a reality.

Retirement Roundup: Pensions are keeping promises

A digest of timely information and insight about finance, investing, and retirement.



<a href="https://www.yahoo.com/news/apos-long-1-million-retirement-195553143.html" target="_blank" rel="noreferrer noopener">Here&#8217;s how long $1 million in retirement savings will last in your state</a> | <a href="http://www.yahoo.com" target="_blank" rel="noreferrer noopener">Yahoo</a>



Would $1 million really last you through your entire retirement? That all depends on where you choose to live out your golden years according to <a href="https://www.gobankingrates.com/retirement/how-long-million-last-retirement-state/?ncid=edlinkushpmg00000313">a new study</a>. Find out how Colorado stacks up against the other states.



<a href="https://www.bloomberg.com/news/articles/2017-08-24/health-care-costs-could-eat-up-retirement-funds-forecast-shows" target="_blank" rel="noreferrer noopener">Health care costs could eat up your retirement savings |</a> <a href="https://www.bloomberg.com/news/articles/2017-08-24/health-care-costs-could-eat-up-retirement-funds-forecast-shows" target="_blank" rel="noreferrer noopener">Bloomberg</a>



According to experts at <a href="https://www.fidelity.com/" target="_blank" rel="noreferrer noopener">Fidelity</a>, health care costs are going to eat up a substantial amount of your retirement savings. And if you think waiting until age 65 when you reach Medicare eligibility is going to save you—think again.



<a href="https://www.copera.org/retirement-roundup-older-workers-new-problems" target="_blank" rel="noreferrer noopener">OMB approves delay of fiduciary rule to mid-2019 |</a> <a href="https://content.copera.org/retirement-roundup-dont-count-on-social-security/" target="_blank" rel="noreferrer noopener">Pensions &amp; Investments</a>



Federal officials seeking to delay the implementation of a rule designed to compel financial advisors to act in the best interest of their clients were successful in delaying its implementation. Although the decision by the White House’s <a href="https://www.whitehouse.gov/omb" target="_blank" rel="noreferrer noopener">Office of Management and Budget</a> won’t prevent the rule from being implemented eventually, this is a major defeat for proponents. [<a href="https://www.copera.org/retirement-roundup-long-1-million-last" target="_blank" rel="noreferrer noopener">Read more</a> about the federal rule as it was first introduced in April 2016.]



<a href="https://www.consumerreports.org/retirement-planning/why-saving-for-retirement-is-getting-harder-and-what-you-can-do-about-it/" target="_blank" rel="noreferrer noopener">Why saving for retirement is getting harder, and what you can do about it |</a> <a href="https://www.consumerreports.org" target="_blank" rel="noreferrer noopener">Consumer Reports</a>



It’s <a href="http://www.nirsonline.org/index.php?option=com_content&amp;task=view&amp;id=882&amp;Itemid=48">no secret</a> that the trend to 401(k) plans from traditional pensions has put more pressure on individuals to save enough for retirement. Combine that with recent moves by the federal government to roll back rules that might have made saving easier, and the retirement landscape has never been more treacherous. Fortunately, there are still some common-sense steps you can take to make your financial future more secure.



<a href="http://squaredawayblog.bc.edu/squared-away/401k-saving-harder-at-lower-incomes/" target="_blank" rel="noreferrer noopener">401(k) saving harder at lower incomes |</a> <a href="http://squaredawayblog.bc.edu" target="_blank" rel="noreferrer noopener">Squared Away Blog</a>



Saving for retirement is no picnic even for upper-middle-income earners who have access to workplace retirement savings plans. A new study sheds light on just how difficult it is for those in the lower- and middle-income brackets to save through 401(k) plans. The study from researchers at the <a href="https://www.stevens.edu/" target="_blank" rel="noreferrer noopener">Stevens Institute of Technology</a> and the <a href="https://www.newschool.edu/nssr/" target="_blank" rel="noreferrer noopener">New School for Social Research</a> sheds some light on how things like temporary unemployment, poor health, and divorce—all circumstances that hit lower-income earners the hardest—affect retirement plans.



<a href="http://time.com/money/4909241/wall-street-financial-firms-protect-seniors/" target="_blank" rel="noreferrer noopener">Wall Street is failing to protect seniors from fraud, say regulators</a> | <a href="http://time.com/money/" target="_blank" rel="noreferrer noopener">Time-Money</a>



An international group of investment regulators say the industry isn’t doing enough to keep elderly investors from falling victim to scams. According to a new survey from the <a href="http://www.nasaa.org/" target="_blank" rel="noreferrer noopener">North American Securities Administrators Association</a>, 75 percent of those who responded said financial firms could be doing more to protect older clients. And a near-unanimous sentiment among those surveyed was that when fraud does take place, it goes on for far too long. Colorado is one of only 13 states that have enacted laws designed to encourage financial advisors to report fraud when they see it happening.

Tag Archives:

Retirement Roundup: What retirees would say to their younger selves

Retirement Roundup: Retirement savings and pension funding 101

Retirement Roundup: Interim CEO Baker tapped to join institutional investor group

Retirement Roundup: Pensions are keeping promises

Retirement Roundup: How Long Will $1 Million Last You?

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