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Which Will Cost Me More Money: Pension or 401(k)?

With a few notable exceptions, the age of pensions is largely over in the U.S. Traditional defined benefit plans have replaced largely by defined contribution retirement vehicles like 401(k) plans. A new study from the National Institute on Retirement Security, … Continue reading → The post Pensions May Actually Be Cheaper For Employers Than 401(k) Plans appeared first on SmartAsset Blog.

United statesDan doonanNational institute on retirement securityNational instituteRetirement securityPlans costlier thanDefined contributionFinancial advisor

NE Legislature to hear bills that bolster struggling long term care industry / Public News Service

Nebraska saw nine long-term care facility closures in 2022, second only to 13 in Texas. In the past three years, Nebraska has lost a combined 29 assisted living facilities and nursing homes. Inadequate funding for Medicaid patients, workforce issues and the rising costs of goods and services have all contributed to these closures. .

United statesNorth dakotaEliot bostarDan doonanJim pillenMyron dornHeather stuartJina raglandUnicameral appropriations committeeNational institute on retirement securityNebraska department of healthHuman servicesNebraska health care associationNebraska legislatureRevenue committeeAppropriations committee

States changing public pension plans running into hurdles

States changing public pension plans running into hurdles
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North dakotaUnited statesDan doonanNational institute on retirement securityNational instituteRetirement securityExecutive director

NE lawmakers consider tax credits for family caregivers

About 180,000 Nebraskans are caregivers for a family member. Nationally, family caregivers spend an average of more than $7000 a year on related expenses. A bill in the Nebraska Legislature would help offset some of those expenses. .

United statesSioux fallsSouth dakotaNorth dakotaCarl davisJill frankenEliot bostarJina raglandDan doonanSioux falls health departmentNational institute on retirement securityRevenue committeeInstitute on taxationNebraska legislatureBudget policyConsumer issues

National report issues cautionary tale after North Dakota pension overhaul

Starting in 2025, North Dakota will close its public pension plan for new hires - who will instead be offered a 401k-style benefit.

United statesNorth dakotaDan doonanPrairie news serviceNational institute on retirement securityNational instituteRetirement securityExecutive directorDakota state map

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