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Heitkamp Pushes Congress to Reform Pension Insurance, Pass Butch Lewis Act
 
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2018-05-17: U.S. Sen. Heidi Heitkamp pushed Congress to reform pension insurance in the third hearing of the 16-person bipartisan, House and Senate Joint Select Committee tasked with solving the crisis facing multiemployer pension plans across the country, including threatening 2,000 North Dakotans and 400,000 pension fund participants nationwide who paid into the Central States Pension Fund. If the Central States Pension Plan and other pension plans are allowed to fail, not only will employers no longer be able to pay promised benefits, but taxpayers would be at risk of having to pay billions when the PBGC becomes insolvent. Currently, the PBGC’s multiemployer insurance program has a deficit of $65 billion and could fail in just a few years without Congressional action.
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
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Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9417577 LastWeekTonight
PPI Pensions week in one minute
 
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- Japan’s Government Pension Investment Fund is struggling to have its assets managers engaged with the Environmental and Social issues that are a priority for the fund’s sustainability. http://pensionpolicyinternational.com/the-worlds-biggest-pension-fund-struggles-with-sustainability/ - The US Chamber of Commerce told the Congress about their worries of 1.5 million workers’ pension plans becoming insolvent due to companies’ risk of bankruptcy http://pensionpolicyinternational.com/us-more-than-1-million-workers-retirees-at-risk-of-losing-pensions-businesses-tell-congress/ - During a four-day workshop with Ghanaian authorities, representatives of the World Bank showed their support for a well- developed policy and reforms to their pension system http://pensionpolicyinternational.com/world-bank-supports-ghana-to-reform-pensions-system/ - Canada Pension Plan Investment Board announced their soon-to-be-launched green bond, becoming the first pension fund ever to issue one http://pensionpolicyinternational.com/canada-pension-fund-preps-for-green-bond-issue/ - A multi-party committee approved of Spanish pensions raising with inflation, ending with the austerity policy that ruled in the past governments http://pensionpolicyinternational.com/spains-new-government-agrees-to-raise-pensions-in-line-with-inflation/
Congress Moves To Cut Pensions And Allowances Of Former U.S. Presidents!
 
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November 13, 2017 C-SPAN News http://MOXNews.com MOX NEWS NEEDS YOUR HELP TO CONTINUE!! For Paypal Tips Click Here! https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=MHT8PM5BPSVC8 NEW! My Patreon Page: https://www.patreon.com/moxnews My Bitcoin Wallet Is: 18atzCBj9zt7HgMnSYajcpGJwq8BipDcta $5.00 FIVE DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=BNNGYSFS3XBW4 $10.00 TEN DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=WDLM8TUJ8459S $20.00 TWENTY DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=GNMQ7S22BPY5Q $50.00 FIFTY DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=ZY2M9PUG3U7UA $100.00 ONE HUNDRED DOLLARS PER MONTH SUBSCRIPTION https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JATR49EVASLLQ
Views: 569 wwwMOXNEWScom
Bush says 'now is the time' to deal with public pension plan
 
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(17 Dec 2004) 1. US President George W. Bush walking to podium 2. Cabinet and White House officials applauding 3. SOUNDBITE: (English) US President George W. Bush: "It maybe just that the Panel on Tax and Regulatory Burden could become a beloved holiday tradition here in Washington." 4. Crowd listening 5. SOUNDBITE: (English) US President George W. Bush: "I didn't come up here to Washington - and my Cabinet didn't agree to serve - to pass problems on. I like to confront problems. I like to work with people so that we can say that we left behind a better America after all is said and done, and I don't have that much time here in Washington." 6. Wide of hall 7. SOUNDBITE: (English) US President George W. Bush: "Nothing will change if you are retired or near retirement. Second, I do not believe that we should raise payroll taxes to try to fix the system. Three, I do believe that younger workers ought to be able to take some of their own money - their own payroll taxes - and on a voluntary basis set up a personal savings account." 8. Rear shot of Bush 9. SOUNDBITE: (English) US President George W. Bush: "People are not going to be allowed to take their money for their retirement account and take it to Vegas to shoot dice. This is going to be a managed account similar to the thrift savings plan that we Federal employees have available to us now." 10. Cutaway Bush 11. SOUNDBITE: (English) US President George W. Bush: "These challenges I've just discussed are important challenges. They are big agenda items, but they should be. I mean, why think little when it comes to making sure America is still the centre for excellence in the world?" 12. Crowd applauding 13. Bush walks off stage STORYLINE: US President George W. Bush said on Thursday that "now is the time to confront Social Security" to deal with a projected US 3.7 (t) trillion dollar, 75-year shortfall and give younger workers the ability to invest some of their contributions. Bush also promised to send Congress "a tough budget" early next year to hold the line on federal spending. Bush said he intends to ignore the traditional political perils of meddling with Social Security in order to save the system for future generations. The White House carefully hand picked all participants on Thursday's panel in support of Bush's Social Security plans. Bush was not specific about his own ideas for solving the problem, but he laid out a few do-or-die principles. He said that for an undefined group of seniors "nothing will change" in their benefit structure, that there should be no increase in payroll taxes, and that younger workers should be moved toward private accounts for some portion of their Social Security contributions. The audience chuckled as Bush added, "With those principles in mind, I'm open-minded with the members of Congress." In 2018, the system starts paying out more in benefits than it collects in taxes. In 2042, the system will be able to cover 73 percent of promised benefits, according to Social Security's trustees. Bush is expected to propose details in January, but he won't offer specific legislation. His summit helped bolster his plans by providing a public forum. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/aadfb3f6193981ddc5c82740376ce6c6 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 71 AP Archive
Georgia Retirees Call to Protect Pensions
 
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Retired truck drivers in Georgia and across the U.S. are calling on Congress to protect earned pension benefits. Learn more about the fight to protect pensions via the Central States website https://mycentralstatespension.org/congressional-campaign Or on the Teamsters site here https://teamster.org/protect-pensions/news
Views: 349 Teamsters Local 728
Are Company Pension Plans Safe? Bernie Sanders on Corporate Retirement (1999)
 
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Bernard "Bernie" Sanders (born September 8, 1941) is an American politician and the junior United States senator from Vermont. A Democrat as of 2015,[5] he had been the longest-serving independent in U.S. congressional history. Sanders has been the ranking minority member on the Senate Budget Committee since January 2015.[6] He is a candidate for President of the United States in the 2016 U.S. presidential election. Sanders was born and raised in the borough of Brooklyn, in New York City. He graduated from the University of Chicago in 1964. While a student, Sanders was a member of the Young People's Socialist League and an active civil rights protest organizer for the Congress of Racial Equality and the Student Nonviolent Coordinating Committee.[7][8] In 1963, he participated in the March on Washington for Jobs and Freedom where Martin Luther King, Jr. gave his "I Have a Dream" speech.[7] After settling in Vermont in 1968, Sanders ran unsuccessful third-party campaigns for governor and U.S. senator in the early to mid-1970s. As an independent, he was elected mayor of Burlington, Vermont's most populous city, in 1981. He was reelected three times. In 1990, he was elected to represent Vermont's at-large congressional district in the U.S. House of Representatives. In 1991, Sanders co-founded the Congressional Progressive Caucus. He served as a congressman for 16 years before being elected to the U.S. Senate in 2006. In 2012, he was reelected by a large margin, capturing almost 71% of the popular vote. Sanders has long been critical of U.S. foreign policy and was an early and outspoken opponent of the Iraq War. He rose to national prominence following his 2010 filibuster[9][10] against the proposed extension of the Bush tax cuts. Sanders favors policies similar to those of social democratic parties in Europe, particularly those instituted by the Nordic countries.[14] He is a leading progressive voice on issues such as income inequality,[15] universal healthcare, parental leave, climate change,[16] LGBT rights, and campaign finance reform.[17] He is also outspoken on civil rights and civil liberties, and has been particularly critical of racial discrimination in the criminal justice system[18] and mass surveillance policies such as the USA PATRIOT Act[19] and the NSA surveillance programs. Sanders announced his intention to seek the Democratic Party's nomination for president on April 30, 2015, in an address on the Capitol lawn.[116][117][118] His campaign was officially launched on May 26, 2015, in Burlington.[117] In his announcement, Sanders said, "I don't believe that the men and women who defended American democracy fought to create a situation where billionaires own the political process."[116][117] Senator Elizabeth Warren welcomed Sanders' entry into the race, saying, "I'm glad to see him get out there and give his version of what leadership in this country should be." On June 19, 2015, the "Ready For Warren" organization (Warren resisted calls to become a candidate herself) endorsed Sanders and rebranded itself "Ready to Fight".[119][120] Sanders stated that he would not pursue funding through a "Super PAC", instead focusing on small individual donations.[121] His presidential campaign raised $1.5 million within 24 hours of his official announcement.[122] After four days, the campaign had raised $3 million from small donors, with an average of $43 per donation.[123] On July 2, the campaign announced that it had raised $15 million from 250,000 donors. On September 30, The New York Times reported that Sanders had raised $26 million over the preceding three months, exceeding Barack Obama's pace of fundraising in 2008; the campaign announced that it had reached one million individual donations, becoming the first 2016 candidate to reach that threshold.[124][125] On December 20, the Sanders campaign announced it had reached 2.3 million donations, breaking Obama's 2011 record for the highest number of contributions for a White House bid.[126] At year's end the campaign had raised a total of $73 million from more than one million people making 2.5 million donations, with an average donation of $27.16. Sanders has used social media to help his campaign gain momentum.[128] He posts content to online platforms such as Twitter and Facebook, and has answered questions on Reddit. Sanders has also gained a large grassroots organizational following online. A July 29 meetup organized online brought 100,000 supporters to more than 3,500 simultaneous events nationwide.[129] Sanders has received over one million individual online donations. He has credited this to his "organic" approach to social media, and to writing his campaign's online postings himself. https://en.wikipedia.org/wiki/Bernie_Sanders
Views: 209 Way Back
Coal Miners Pension Plan Problems, No More Money
 
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Coal Miners Pension Problems, Congress has to act to avoid default on pension payments and healthcare coverage. Lawmakers gathered in Washington, D.C., on Tuesday to press for fresh legislation to shore up pensions for about 117,000 union coal miners at risk of losing their retirement savings amid a coal industry decline. Yet significant political hurdles remain, even after Congress managed to extend healthcare benefits for 22,000 retired miners in May just as those benefits were set to expire The United Miner Workers of America pension funds are currently going to more than 87,000 miners nationwide, including 13,000 miners in Pennsylvania. The average check is $586 a month. Another 20,000 miners are vested for their pensions but have not yet begun drawing them. A budget score last November for the Miners Protection Act showed the UMWA’s pension fund needed $1.4 billion over the next 10 years. With a loan from the Treasury Department, the amount drawn from abandoned mine lands funds is expected to be less than that. The Abandoned Mine Lands program, managed by the U.S. Department of the Interior, is a pot of money collected from coal companies to fund mine restoration projects. Since its creation in 1977, the program has collected over $10 billion through a fee assessed on each ton of coal produced. In 1947, settling a nationwide dispute between mine owners and the union, then-President Harry S. Truman signed an executive order that created a national pension and health care agreement. Those actions were precedent for the Coal Act in 1992, which ensured lifetime healthcare following a nasty strike when companies were trying to avoid paying health care. The wave of bankruptcies today carry similar consequences for workers as the difficult times in 1940s and late-1980s, according to union officials. “Congress took the first step toward fulfilling America’s promise to retired coal miners and their families by passing legislation to preserve their health care earlier this year,” according to Cecil Roberts, the international president of the United Miner Workers of America. “With the passage of this legislation, Congress will take the final step and ensure that the people who put their lives and their health on the line to provide the fuel that made America the strongest country on earth get the retirement security they earned through a lifetime of dangerous, backbreaking work,” Mr. Roberts said. Sponsor Me On Patreon https://www.patreon.com/bePatron?c=695624 "Skills to Pay the Bills" the course that teaches you how to write the perfect resume, prepare for job interviews and time management. https://www.udemy.com/skills-to-pay-the-bills/ Mom Said "A Little Book To Grow By" 66 biographical rhymes of successful individuals in American history. This book will inspire you to overcome challenges in your life. https://www.amazon.com/Mom-Said-Little-Book-Grow/dp/1530951879/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1461708051&sr=8-2 Steps In Success, the book I wrote for students to use to achieve their aspirations. https://read.amazon.com/kp/embed?linkCode=kpe&ref_=cm_sw_r_kb_dp_Y8hZwb0309NKG&asin=B01BNWGQO2&tag=kpembed-20&from=Bookcard&preview=newtab&reshareId=JD5V3GHMT9YY86H8T2RM&reshareChannel=system Amazon Store (Shop With Me) http://www.getreadyproductions.com/?page_id=144007 LinkedIn https://www.linkedin.com/home?trk=nav_responsive_tab_home Facebook https://www.facebook.com/getreadyproductions/ Twitter https://twitter.com/StepsInSuccess Resume Writing Service http://www.getreadyproductions.com/?page_id=4526 Patreon (Sponsor Me) https://www.patreon.com/davidnaylor
PPI Pensions week in one minute (May 6 - 12)
 
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- The executive director of the US Central States Fund urged for congressional action to save the fund from possibly facing insolvency in 2025 http://pensionpolicyinternational.com/us-central-states-pension-fund-could-be-insolvent-by-2025/ - A recent survey revealed that New Zealanders oppose any change in their retirement systems, despite acceptance of rising costs http://pensionpolicyinternational.com/new-zealand-strong-opposition-to-changing-retirement-system/ - The African Development Bank will hold a forum to attract infrastructure investment from global pension funds and other commercial financers http://pensionpolicyinternational.com/afdb-seeks-to-plug-africa-170-billion-infrastructure-needs/ - UK’s The Pensions Regulator published their tougher corporate plan for the next 4 years to ensure standards in the sector http://pensionpolicyinternational.com/uk-tpr-launches-their-corporate-plan-for-regulating-pensions/ - Metlife will provide pension benefits to 41,000 FedEx retirees through an annuity. The deal includes $6 bn in pension obligations http://pensionpolicyinternational.com/us-metlife-to-provide-pension-benefits-to-41000-fedex-retirees-through-annuity/
The Case for Saving the U.S. Pension Plan
 
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Josh Gotbaum, director of the Pension Benefit Guaranty Corporation, presents at the Pension Research Council Special Forum, "What can the U.S. and U.K. Learn from Each Other?," held on May 2, 2012, at the Wharton School of the University of Pennsylvania in Philadelphia.
Views: 112 Wharton Magazine
How to Double your CPP Pension Income
 
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Learn how to double your Canadian Pension Plan the easy way. The Canadian Labour Congress has a plan to make retirement security accessible for all. Check it out at: http://bit.ly/3Xbng3
Defined benefit plans
 
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Defined benefit Plans In addition to qualified and non-qualified plans, pension plans also can be divided into defined benefit plans and defined contribution plans. Defined benefit plans are the traditional pension plans usually offered by large, established companies or government employers. Defined contribution plans are newer creations and include 401(k) and 403(b) savings plans. How defined benefit plans work Under a defined benefit plan a company typically makes a promise to provide a certain benefit to employees when they retire. The benefit, defined in advance, usually depends on the employee's salary and the number of years of employment. For example, a company may promise to make payments of $40 per month times the number of years of service. Under this formula a person who retired after twenty years would receive $800 in monthly benefits. Notice the future benefit is defined in advance. Now it's up to the company to contribute enough money and manage the investments well enough to meet these promises. Why defined benefit plans are disappearing These defined benefit programs, however, are becoming increasingly rare. Because they promise a defined benefit, the employer is liable for keeping its promises. If the stock and bond markets perform poorly, the employer must chip more money into the plan to meet its obligations. Defined benefit programs are also expensive to manage. Because benefits are often promised for the life of the worker, defined benefit plans require complex actuarial calculations to ensure the benefits will be paid. Although defined benefit plans are losing their popularity, they still cover tens of millions of workers at large companies and government employers, so let's take a closer look at them. History of defined benefit programs and the PBGC Corporate pensions began to become popular in America in the 1930s and these retirement plans were almost exclusively defined benefit plans. These plans underwent a radical change in 1974 when Congress passed the Employee Retirement Income Security Act after the bankruptcy of a few large companies and the subsequent destruction of their pension plans. With the passage of ERISA, almost all large pension plans had to purchase insurance from a federally chartered corporation called the Pension Benefit Guaranty Corporation. If a company goes bankrupt and the pension plan is underfunded, the PBGC steps in and makes payments to the retirees. However the PBGC doesn't guarantee special early retirement or medical benefits given to retirees, and it doesn't cover defined benefit plans offered by employers with 25 or fewer employees. Check on your pension plan's health So you should be aware of your pension plan's viability. Your company is required to give you an annual summary statement disclosing the pension's health. Each year you should also get an individual benefit sheet which shows what you might get from the pension. Also, companies are required to send notices to employees if the pension funding is less than 90 percent of liabilities. You also can request to see IRS Form 5500, a detailed form which qualified pension plans must file. Public employee pensions Finally, if you're an employee of a state or local government, you may want to look into your pension plan's finances as well. There are about 9,000 public employee pension plans covering 16 million teachers, firemen and other state and local workers. Many of these people are in plans that are seriously underfunded. When Congress passed ERISA to force private employers to disclose information and otherwise protect their pension plans, Congress exempted state and local governments. Politicians have taken advantage of this to use pension plans as a convenient way of buying votes now, while pushing the liability off to future taxpayers. By promising pension increases today, politicians can avoid ugly strikes with powerful unions. When workers retire with increased benefits 20 years from now, the politicians responsible for this shell game will be long gone. This has lead to some seriously underfunded pension plans. Many midwest and New England states have funded only 60 percent of their pension liability. One of the worst offenders is the West Virginia Teachers' Retirement System. It recently had a liability of $3.7 billion, and yet had under $400 million in assets. Of course the worst offender is the federal government, which has an unfunded pension liability for it's workers of hundreds of billions of dollars. If you work for a government agency that has a seriously underfunded pension plan, you should save a little extra money on your own. You'll probably get some kind of pension, but it's doubtful that tomorrow's taxpayers will be willing to pay for untenable promises made by yesterday's politicians. You're lucky if you have a defined benefit plan Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/060-defined-benefit-plans
Views: 2381 MoneyHop.com
Your American Government Congress Screws You and Your Family Age-Restricted by Youtube.flv
 
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Credit User: policecrimescom A message from policecrimescom; Congress also are the only people in America that are allowed to do "inside trading." The sex scandal involving U.S. Congressman Anthony Weiner and his sudden resignation will not have any impact on his congressional pension. Weiner announced his resignation this week, three weeks after he was caught in a Twitter sex scandal. His twelve year stint in office should net him about $1.2 million, according to the National Taxpayers Union. Weiner, 46, will have the option to take discounted payments of about $35,000 a year when he turns 56 or he can wait another six years and get about $46,000. Compare that to a private citizen contributing $1,000 a month to their 401K plan with a $3,000 company match over the same period., and it would add up to $231,000, less than 1/5 of what Weiner will receive. (CNNMoney.com) - No doubt there will be a lot of sound bites from various Congress folk ... some "outraged" by the loss of pensions and others pointing to "economic reality" while professing sympathy for the working American. Amid all the hubbub, keep this in mind: Congress has a pension plan ... and it's not at risk. It's a fairly nice one, too. Not extravagant, but nice. A Congressman with 22 years of service and whose average salary for the top three years was $153,900 gets $84,645. A current congressman ending up with six years of service (it's two-year terms, after all) would get at least $16,503 (at age 62, of course). In actuality, the average congressional pension payment ranges between $41,000 and $55,000, based on 2002 data from the Congressional Research Service. Now, a retiring congressman isn't allowed to get more than 80 percent of their salary upon retirement. But after retiring, cost of living adjustments kick in, which can add substantially to the payment. Add it all together and the Congressional pension program is about two-to-three times more generous than the average corporate executive pension plan, according to the National Taxpayers Union. (contrary to various Internet rumors, Congress does pay Social Security taxes.) So Congress folk get a better pension and don't have to pay for all of it. They also have the equivalent of a 401k program (complete with a 5 percent employer match). In some cases Social Security kicks in. And given their medical, dental and travel benefits, plus expenses paid by the office, members of Congress have plenty of opportunity to save for retirement. (And if they get into trouble, as they sometimes do, the pension often isn't up for grabs). At $165,200 a year (after their raise this month-January 20, 2006), seems like they have some money to do it with too. Now don't get me wrong. Plenty of senators and representatives work hard. Very hard? They got theirs and it isn't going away ... that would take an act of Congress. sex scandal texting Anthony Weiner government stealing Taxpayers Union american money retiring america tax dollars payers Family ron paul president congress election reform Ass pension 401K congressional citizen rich senate Fucks rostenkowski I do not own this material. I cite fair use law in the interest of education. If the owner of this material would like the video removed please contact me directly and it will be done, thanks!
Views: 337 TheJourney000
Are Pensions Paid For Life?
 
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Retirement benefits of us supreme court justices thoughtco. A pension may be a 'defined benefit plan' where fixed sum is paid retirement pensions are typically in the form of guaranteed life annuity, when you pay into your personal or stakeholder pension, build take higher payments because expectancy shorter 15 aug 2016 jobs at these 10 companies will literally for defined plans, pensions, have gone way dinosaurs much 13 jan 2017 so you're on verge and faced with difficult choice regarding furthermore, if lump sum, employer not to administrative expenses value equal monthly over estimated expectancy? 2 28 2014 you've saved all working life, now it's it promises specific income each year live after 23 apr government include 'guidance'. Lump sum payment or monthly pension? Fidelity the western conference of pension and annuities faqs standard life uk. Many workplace pension note many defined benefit plan formulas also reduce benefits a single life annuity you receive fixed monthly until die; After die, your employer promises to pay certain amount at retirement and is 5 jan 2015 q can members of congress retire their full after only senators are eligible for one term, but it won't be salary. You should receive a payslip from your scheme or provider telling you life cover. 11 jan 2013 members of congress can 'retire with the same pay after only one would receive full pay of per year, for the rest of their lives, after congressional research service, outlines how pension benefits are calculated 27 jan 2014 choosing between monthly pension payments for life or one, large lump sum related pensions ask retirees to pay back tens of thousands 23 jul 2015 tempted to trade your pension for a lump sum? 65 year old's average life span of about 20 years (see chart), you'd pay yourself only once you are getting your pension, it will normally be paid to you for the rest of your life. Learn exactly how much tax you may need to pay on your pension plan when reach retirement age with our easy use calculators and faq resources. Traditional pension plans are employer offered a is fund into which sum of money added during an employee's employment years, and from payments drawn to support the person's retirement work in form periodic. Lump sum payments to your dependants. Understanding defined benefit plans axa equitableare pensions a form of taxable income in ireland? . Lump sum versus regular pension payments investopedia. What happens to your pension when you retire? Will pot last as long will? Telegraph. Can my employer pay into standard life pension? . Pension pay out? wikipedia. Some pension schemes may pay out a lump sum to your dependants if you die. Can members of congress retire with full pay after just one term your pension lump sum or monthly payments? Janpension take a payout? The pensions advisory servicethe service. How your personal pension is paid 10 companies that still offer pensions at retirement for new quartz. For instance, corporate bonds might pa
Views: 24 sparky trend
The Changing Face of Retirement - Right on the Money - Part 1of 5
 
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The times they are a changing and so is the face of retirement, part one of five taken from the full episode of Right on the Money On The Basics of Annuities. In 1964, Bob Dylan wrote a prophetic tune, The Times They Are A Changin’. Back then, a retiree had a pension, no mortgage and full Social Security benefits. The children of the ’60s are now in their 60s. But the baby boomers fund their own retirement plans and carry mortgages into their golden years. Over the years, they have also watched Congress tinker with their Social Security benefits. Through the last generation, employers have migrated from defined benefit to defined contribution plans. From 1985 to 2000, the rate of participation in defined benefit plans by full-time employees of medium and large private firms dropped from 80 percent to 36 percent.1 A 2013 survey by the Bureau of Labor Statistics found only 26 percent of civilian workers in the U.S. participated in defined benefit pension plans.2 The boomer generation is often referred to as the “sandwich generation,” because they are paying for their parents’ elder care as well as the tuition of their children. When you add the funding of their retirement plan, there’s not much money left to pay off a mortgage. Presidential candidates have promised Social Security will not be altered for baby boomers, but Congress has changed things over the years. With the most recent changes coming with the passing of the Bipartisan Budget Act of 2015, some baby boomers lost the “file and suspend” and restrictive application benefits. But perhaps the biggest change and the greatest risk is living longer—much longer. Today, the average life expectancy for men is 86.6 years and for women 88.8.3 The impact of longevity on retirement modeling has created an environment of among seniors of outliving their money. But to offset some of that fear, the strategic use of lifetime annuities has been introduced into retirement planning. Watch the interview with Certified Annuity Specialist Liz Cornell [url link]. Annuities can be structured to pay guaranteed lifetime income with annual increases. Today, more retirement plans are using guaranteed lifetime annuity income to pay for household living and travel expenses. The structured payout can cover two lives and provide income for the survivor. Two years ago, Qualified Longevity Annuity Contracts (QLACs), which use deferred income annuities, were introduced. The key part of the legislation was to offer the option to defer required minimum distributions (RMDs) from qualified plans like 401(k)s. The rules of engagement allow deferring 25 percent of qualified plan monies not to exceed $125,000 per participant to age 85. Controlling RMDs with QLACs can have a significant impact on retirement taxation and may insulate a portion of Social Security income from taxation too. Annuities are not insured by the FDIC or any government agency. So it’s important to have your financial advisor review the balance sheet and ratings of the insurance company before you purchase an annuity. 1 See, “Employee Participation in Defined Benefit and Defined Contribution Plans, 1985-2000.” U.S. Bureau of Labor Statistics, updated June 16, 2004. 2 National Compensation Survey: Employee Benefits in the United States, March 2013, Table 2. 3 Changes in life expectancy for 65-year olds in the U.S. 2010 vs. 2014 Wall Street Journal 10/28/2014. Syndicated financial columnist and talk show Steve Savant interviews Liz Cornell, Certified Annuity Specialist on The Basics of Annuities (Part 1 of 5) www.rightonthemoneyshow.com https://youtu.be/zT5OOwsgq84
U.S. coal miners rally for pension protection
 
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About 10,000 retired coal miners and their families descended upon the U.S. Congress on Thursday to pressure lawmakers for pension protection. The stalled legislation would prevent 22,000 of them from losing their pension and health benefits as soon as early 2017. A bipartisan group of senators is trying to pass legislation to ensure the retirees' coverage with the United Mine Workers of America’s retirement and healthcare funds. Those funds are dwindling as some coal companies drop benefits in their bankruptcy proceedings.With just weeks to go before the presidential and congressional elections in November, time for passage of the bill is limited. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/kiGKIz5lkiI/us-usa-coal-pensions-idUSKCN11E2B0 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 243 Wochit News
Canada Pension Plan Changes: How will they affect you?
 
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Tannis Dawson, high net worth planner at TD Wealth, joins Kim Parlee to tell us what new Canada Pension Plan reforms mean to us.
Views: 1137 TD
The PARASITIC Retirement Plan
 
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We need to take the Senators and Congress,men/Women off the PARASITIC Retirement Plan they came up for themselves and put them into the Social Security System along with the rest of us. Then we sit back and watch just how fast they fix the Social Security Fund!
Views: 930 TheONLYOFFICIALWhiz
What to know about the Central States Pension Fund
 
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Time is running out for a decision from the U.S. Department of the Treasury on the future of the Central States Pension Fund. ◂ 41 Action News, KSHB, brings you the latest news, weather and investigative reports from both sides of the state line. We are Kansas City's Breaking News leader, bringing you the area's most accurate forecast and the latest sports coverage from KC's best team. For more download the 41 Action News mobile app: iPhone: http://bit.ly/iOS-kshb Android: http://bit.ly/kshb-android
Views: 1479 41 Action News
America's Pension Crisis Is Getting Worse
 
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Subscribe and share the RTD news articles... RTD News keeps you up to date on what's happening around the globe. Thanks for watching this important update, "America's Pension Crisis Is Getting Worse". Information to help you become more monetarily aware. Download a high resolution copy of the Dollarcation (Purchasing Power) visual aid here: https://www.rethinkingthedollar.com/purchasing-power/ Test your Monetary IQ here: http://bit.ly/TestYourMoneyIQ News Articles: 1. Pensions time-bomb for world's biggest economies could explode to $400 trillion, says WEF http://www.cnbc.com/2017/05/26/pensions-time-bomb-for-worlds-biggest-economies-could-explode-to-400-trillion-says-wef.html 2. World heading for a pensions crisis, but no quick fix is in sight http://www.independent.ie/business/personal-finance/pensions/world-heading-for-a-pensions-crisis-but-no-quick-fix-is-in-sight-35768379.html 3. Step One: Recognize The Public Pension Crisis https://www.forbes.com/sites/econostats/2017/05/30/step-one-recognize-the-public-pension-crisis/2/#671272267801 4. The Unavoidable Pension Crisis http://www.zerohedge.com/news/2017-04-06/unavoidable-pension-crisis 5. Six Terrifying Graphs That Summarize America's Public Pension Crisis http://www.zerohedge.com/news/2017-05-24/six-terrifying-graphs-simplistically-summarize-americas-public-pension-crisis 6. How much to address Kentucky's pension crisis? That's the $700 million question http://www.courier-journal.com/story/news/politics/ky-legislature/2017/05/22/kentucky-pension-crisis/337505001/ 7. The bill is due: CPS owes staggering amount on teachers’ pension fund http://wgntv.com/2017/05/24/the-bill-is-due-cps-owes-staggering-amount-on-teachers-pension-fund/ 8. General Electric, UPS & State Pension Problems https://www.rethinkingthedollar.com/general-electric-ups-state-pension-problems/ If you would like to support the RTD channel which would allow me to provide more interviews and news updates please consider donating the cost of 2 grams of silver ($1) or more here: https://paypal.me/RTDeducation Visit GoldMoney.com to set up a FREE gold savings and spending account today. Get a debit card to use alongside your fiat currency card and get back to sound money practices. Click here to get started and support RTD by making your first deposit: https://www.Goldmoney.com/r/tx7Pa0 *********** RTD UNIVERSITY *********** A new monetary paradigm starts by visiting the RTD University website. Choose from over 30+ hours of monetary and financial interviews from experts that will help you think beyond the pending dollar demise - http://bit.ly/RTD_University
Views: 46524 Rethinking The Dollar
Congress Cuts Veteran Pensions
 
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LIVE: http://NextNewsNetwork.com Facebook: http://Facebook.com/NextNewsNet Twitter: http://Twitter.com/NextNewsNet Sub: http://NNN.is/the_new_media Meet the Next News Team: http://youtu.be/2QnNKwQ2WkY Hashtag: #N3 About: Next News Network's World News program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://NNN.is/on- World News is available to 6 million viewers from South Beach to Sebastian, Florida and to 2 million viewers in Boston, Massachusetts via . broadcasts on RF channel 44 (virtual channel 9) from Palm City and is carried on cable TV channels 44 (SD) and 1044 (HD) by AT&T, on cable channels 17 (SD) and 438 (HD) in West Palm Beach by Comcast, on satellite channel 44 (SD) in West Palm Beach by DIRECTV, and on -Boston which broadcasts on RF channel 38 (virtual channel 6) from the Government Center district in downtown Boston. More about : http://en.wikipedia.org/wiki/ #HL Community Guidelines Disclaimer: The points of view and purpose of this video is not to bully or harass anybody, but rather share that opinion and thoughts with other like-minded individuals curious about the subject to encourage conversation and awareness.
Views: 1007 The Next News Network
Obama reveals his "retirement plans"
 
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In a humorous video that aired at the White House Correspondents' Dinner, President Obama revealed how he would ease his way into retirement. He gets a little help from Joe Biden and John Boehner too.
Views: 1690705 CBSN
Urgent need to trace beneficiaries of unclaimed pension fund benefits
 
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The Financial Services Board says there is an urgent need to trace beneficiaries of unclaimed pension fund benefits. About 20 billion rand of unclaimed benefits is owed to about 3 point 5 million beneficiaries. The board has urged Pension Fund beneficiaries to stop using the services of dodgy Intermediaries to trace their unclaimed pension benefits. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
Views: 407 SABC Digital News
US aircraft manufacturer, Boeing to end pension plans for non-union employees
 
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US aircraft manufacturer, Boeing, says it'll end pension plans for non-union employees. The company says under the plan, non-union workers will keep what they have earned in their pensions through the end of 20-15. The workers will then switch to a new defined-contribution retirement plan. 68-thousand employees, including many engineers and machinists, will be affected by the plan which will take effect at the beginning of 20-16. In 20-12, Boeing announced plans to close its long-time facilities in Wichita, Kansas with over two-thousand workers by 20-14. It also said it will cut 15-hundred I-T jobs in Seattle, Washington by 20-16. The U-S company designs, manufactures and sells fixed-wing aircraft, rotorcraft, rockets and satellites.
Views: 630 PressTV
Congressman Cleaver speaking to hundreds at a public hearing on pensions.
 
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Thousands of retirees are facing extreme pension cuts from the Central States Pension Plan. U.S. Department of Treasury's Ken Feinberg and U.S. Representative Emanuel Cleaver, II visited Kansas City to hear their stories.
Views: 522 repcleaver
US Congress vows to close exiled Nazi pensions loophole
 
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Ninety-year-old Jakob Denzinger sits by his apartment window in Croatia aware that he has become embroiled in a legal battle thousands of kilometres away in Washington. For Denzinger is one of dozens of suspected Nazi war criminals who were allowed to collect pensions if they agreed to leave the US in the 1970s. Denzinger and others lied about their Nazi pasts particularly if they had served in any of the notorious concentration camps. They fled to America following World War ll and became U… READ MORE : http://www.euronews.com/2014/10/21/us-congress-vows-to-close-exiled-nazi-pensions-loophole What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 14 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
The U.S. Retirement System:  Is It Time for a Comprehensive Reevaluation?
 
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The U.S. Government Accountability Office (GAO) recently released a report to Congress on the state of our nation’s retirement system. The GAO concludes a more comprehensive national reevaluation of our retirement programs is needed. The last review was done almost 40 years ago and the piecemeal approach to problem solving since then has left many challenges unaddressed. During this one-hour webinar, the U.S. GAO and other experts will provide an overview of the state of today’s retirement system, including the fundamental demographic and economic changes that have occurred and the growth of defined contribution (DC) plans. How does the U.S. system compare to other countries, how can today’s DC plans do more to improve lifetime income and retirement security, and what are some of the challenges and the latest trends? Our Panel of Experts: Jennifer A. Gregory, Senior Analyst, U.S. Government Accountability Office (GAO) Stacy Scapino, Partner, Mercer Ted Goldman, Senior Pension Fellow, American Academy of Actuaries Roselyn Feinsod, Senior Partner, Aon Hewitt Moderator: Angela M. Antonelli, Research Professor and Executive Director, Center for Retirement Initiatives, Georgetown University’s McCourt School of Public Policy
Former Dem. Reps. convicted on corruption charges are still collecting Congressional pensions
 
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Anonymous EXPOSED - Former Dem. Reps. convicted on corruption charges are still collecting Congressional pensions | Anonymous EXPOSED ⭐ Please Donate & Support This Channel: https://www.paypal.me/AnonymousEXPOSEDus Learn more about news on Youtube: https://goo.gl/sTV9nq Read More/Source/Credit(FAIR USE): http://www.bizpacreview.com/2018/01/27/former-dem-reps-convicted-corruption-charges-still-collecting-congressional-pensions-594331 ------------------------------------------------------------------------------------------------ Very excited to partner with other electronic newspaper pages. ------------------------------------------------------------------------------------------------ ✔️ Latest news videos: https://goo.gl/37bYng ✔️ Please support growing channel by the press Subscribe Anonymous EXPOSED here: https://goo.gl/Xt4Jtf ------------------------------------------------------------------------------------------------ ★ CONNECT WITH US ★ ✔️JOIN US: http://bit.ly/2nyeyet ✔️Twitter: http://bit.ly/2njQRVY ✔️Google+: https://goo.gl/YwkKmW ✔️Facebook: http://bit.ly/2nPrxsj ✔️Pinteres: thttp://bit.ly/2njTiI9 ✔️Email: anon.info89@gmail.com ------------------------------------------------------------------------------------------------ Thank you for watching this video - Hillary Clinton Just Accused Trump For Terrible Crimes On Live TV – YOU WILL BE SHOCKED!: https://goo.gl/kvePdR ★ Our Others Videos ★ HE DID IT: Bill O’Reilly Just Said What Everyone Else Was Thinking About McCain: https://goo.gl/KXFkXs BOMBSHELL: Barack’s Secret Finally Exposed: https://goo.gl/SibKsK Obama Just Broke Federal Law To Take Over As President With Who He Met With Behind Trump’s Back: https://goo.gl/9yin1E Hillary In Hiding As Attempt To Kill Trump Surfaced Overnight And Was Made To Look Accidental: https://goo.gl/zMFWRi Hillary Clinton Investigator Found DEAD With A Bag Over Head Along With This Disturbing Note…: https://goo.gl/57H5Y1 ------------------------------------------------------------------------------------------------ ✔️ Top videos Russia Warns North Korean Sub Ready To Attack US, Orders Northern Fleet To Sea: https://goo.gl/bThoXm Anonymous - Here’s What Happens if North Korea Launches a Nuclear Missile: https://goo.gl/BLMwFt BREAKING: KIM JONG-UN IN FULL PANIC MODE AFTER SEEING WHAT TRUMP JUST ORDERED OUR TROOPS TO DO: https://goo.gl/NsQzD3 HE DID IT: Bill O’Reilly Just Said What Everyone Else Was Thinking About McCain: https://goo.gl/ojz8iJ Anonymous - Seth Rich “Trap” Fallen Into By FBI Directory Comey Warned Ready To Be Sprung: https://goo.gl/DnedHf ------------------------------------------------------------------------------------------------ ✔️ watch this again - Putin Offers Millions Of Americans Free Home In Russia As “Light Of Christ” Dims In US : https://goo.gl/6LomdD .......... There is no copyright infringement intended for the video and/or material used in this video. If you have an issue with Anonymous Official posting this, please contact us at "anon.info88@gmail.com" and we can sort it out. COPYRIGHT RELATED ISSUES ONLY PLEASE. 'Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for 'fair use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use' Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 608 Anonymous EXPOSED
Former US congressman: Devastating financial crisis iminent
 
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A former Republican congressman has warned that a devastating financial crisis is imminent in the United States. Ron Paul, whose son is running for 2016 presidential race, says the crisis won’t be solved with bailouts. He added that the government’s disastrous policies have put Americans at great risk which would plunge the US into civil unrest. Paul also predicted that stock prices would drop and pension fund would collapse. He further said the U-S dollar would be rejected for almost any non-paper alternative. The ex-lawmaker asserted that the US society would see erosion of personal liberties. This, as reports showed that the U-S trade deficit has jumped to its highest level in more than six years. Paul’s doomsday view could complicate Rand Paul's bid for the presidential rally. Live @ http://www.presstv.ir/live.html Twitter @ http://twitter.com/PressTV LiveLeak @ http://www.liveleak.com/c/PressTV Facebook @ http://www.facebook.com/PRESSTV Google+ @ http://plus.google.com/+VideosPTV Instagram @ http://instagram.com/presstvchannel
Views: 556 PressTV
Face to Face with Retirement Security and the Canada Pension Plan
 
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Organized labour wants to expand the Canada Pension Plan to provide a better retirement for people. Private pensions are having problems, the CPP can provide a successful alternative as long as we are careful about how it is managed. We all know about the CPP, but maybe not as much as we think; Stan Dzbik of the Victoria Labour Council fills us in, along with Ken Georgetti of the Canadian Labour Congress, Mike Eso of the VLC, Dr. Michael Prince UVIC Professor of Social Policy, BC Forum president Gerry Edwards and Hassan Yussuf, secretary-treasurer of the Canadian Labour Congress. An important issue that we'd better be keeping our eye on. © 2010/2012 Lazarus Productions
Views: 2558 Ictv Victoria
Planning for Retirement
 
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Sight Translation Planning for Retirement Congress passed the Social Security Act in 1935 and the law was signed by President Roosevelt. At that time, the retirement age of 65 was established. But here is why this could be problematic. Most Americans still think of 65 as the time to retire. However, when this standard was established in the mid-30s, the average American lifespan was only 61.7 years. Today, the average American can expect to live to 78. For most of us, this means that our Social Security benefits will not be enough to sustain us during our retirement years. We must either choose to work longer, or rely on our personal retirement plans to supplement our Social Security income. The Social Security Administration has taken steps to address the longer lifespan. Now, the retirement age for anyone born after 1960 is 67. This is the age to receive your maximum benefit. Of course, you can still retire at 65 but you will receive 13% less money than if you worked just two more years. Many people are considering 65 as an age to shift gears and perhaps launch a new career, something with low-stress and lower pay. This is possible in part, because of Medicare eligibility. If you are choosing to work just for the health insurance, then you have another option beginning at age 65.
Views: 150 Tom Cox
US Postal Service Wants Congress to Make Changes to Its Business Model
 
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This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish The United States Postal Service has reported a loss of over $5 billion from April to June. The Postal Service says it expects to report a loss of $15 billion for the 12-month period ending in September. And it has warned of even bigger losses if Congress does not let mail service change the way it does business. The United States Postal Service, or USPS, has a history as long as the nation's own. Benjamin Franklin was appointed the first Postmaster General, or head of the Postal Service, in 1775. But the Postal Service says its income has not kept up with growing costs. For example, profitable first class mail is decreasing. The service says most of its recent losses resulted from making payments to its health care program for retirees. About a billion dollars of the loss was for payments to injured workers. The news from April to June was not all bad. Improvements in the economy fueled income growth of nine percent from shipping and delivery. The Postal Service says it is less costly to send letters and packages in the mail than to use private companies. The USPS says it has cut operating costs by a total of $14 billion in the past five years. To improve its financial health, the agency has proposed cutting service on Saturdays. It wants Congress to cancel a requirement that the Postal Service make payments to its health care program for retired workers. USPS also wants the Treasury Department to return $11 billion in payments made to its pension plan for retirees. On August first, USPS failed to make a required payment of $5.5 billion for health care benefits for future retirees. It was the first time the Postal Service has ever failed to make such a payment. And, the service is warning that it may have to delay making payments to companies to which it owes money. The Postal Service says that without major changes, it will continue to lose billions of dollars a year. The Washington Post newspaper reported that Postmaster General Patrick Donahoe told reporters "Congress needs to act responsibly." In his words, "this is no way to run any kind of business." The Postal Service receives income for its operations from the sale of stamps, products and shipping services. It does not receive direct government assistance, but is controlled by the federal government. For VOA Learning English, I'm Laurel Bowman. (Adapted from a radio program broadcast 31Aug2012)
Views: 28693 VOA Learning English
Tax Free Income Forever
 
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By order of the US Congress, people that earn $100,000 dollars or more will be allowed to convert their self directed retirement plan (IRA, 401k, or pension plan etc) from a TAXABLE plan to a TAX FREE Roth IRA. The savings to the plan holder can amount to hundreds of thousands of dollars. Find out now if you qualify and how this program can change your life forever.
On the Floor of the U.S. Senate, Heitkamp Calls for Protection of Workers’ Pensions
 
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U.S. Senator Heidi Heitkamp took to the floor of the U.S. Senate on April 28, 2016 to stress how the proposed cuts to the Central States Pension Plan would unfairly hurt workers and retirees.
401k Annuity - What is a 401k Annuity
 
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What are the 401k annuities – What is a 401k annuity? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of 401k annuities for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to set up a 401k annuity for retirement. 401k Annuity Plans Workers in the USA are able to put up funds for use in later years when they retire. Through a worker's 401k plan, a worker can save money as a retirement fund with income taxes that are deferred on the saved amount until its withdrawal in the future. A 401k annuity plan can help boost a worker's retirement plan to provide a guaranteed sum regularly after retirement. This provides a workable solution to those who are wondering about whether or not their retirement funds will be able to provide them with a regular stream of income while they are still alive. 401k plans are made available by the Internal Revenue Code that was amended by the US Congress in 1978. This provision enables workers to choose to receive a portion of their income as deferred compensation rather than direct compensation. More often than not, this facility involves the sharing of the employers in the regular contributions. This is actually more inexpensive for employers to provide than the mandated defined benefit pension they have to pay to every worker who retires from their company. In 401k plans, employers only have to put up the necessary administration and support costs aside from their share in the employee contributions as well as profit sharing contributions. This provision is also governed by rules of the Employee Retirement Income Security Act (ERISA) that has been in effect since 1974. Under these rules employees are obliged to inform its workers about their eligibility to participate in 401k plans as well as the company's existing policies regarding retirement fund contributions. There are over 500,000 US companies that support 401k plans today. This provision that was originally only made available to corporate executives are now supporting retirement funding for workers in all levels in the corporate ladder. 401k plans offer lower contribution limits than the Individual Retirement Account (IRA) which is another option to prepare for funds for use in retirement years. In recent years, 401k annuity plans have been devised as an option for workers who want to prepare for regular income instead of a lump sum after they retire. 401k annuity plans are bundled with an insurance product that makes assumptions and calculations to provide for regular annual withdrawals after the 401k benefits are payable. With this facility, a worker's contribution is split between the 401k plan and an invested portion in an annuity. Workers can invest any amount following the regular 401k payment period aside from their 401k contribution. In exchange for this, workers will be eligible for a certain fixed monthly amount from the time they retire and for the rest of their lives. 401k annuity plans can either be fixed or variable. Fixed annuities offer a guaranteed amount to be disbursed to the retiree on a regular basis. Variable annuities, on the other hand, are anchored on an underlying basket of stocks and bonds whose performance will dictate how much income a retiree can get every month after retirement and for the rest of his life. There are fees that are imputed in the annuity portion of the workers' contributions in 401k annuities. These annuity fees are considerable lower in 401k annuity plans than in regular annuities. Interest rates on annuities bundled with 401k plans are also advantageous to workers because interest rates are averaged throughout the investment period. This way, the worker is protected from interest rate fluctuations during his period of contribution. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: 401k annuity retirement 401k annuity income 401k annuity explained 401k annuity reviews 401k annuity review What is the best fixed indexed 401k annuity for retirement vs the top immediate income 401k annuity for retirement https://www.youtube.com/watch?v=Tpu5-HoOYAY
Views: 348 retiresharp
Tax Deferred Foreign Retirement Account
 
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The U.S. Government Wants Your Private Retirement Pension! Excerpt of an article by Bob Bauman, Offshore and Asset Protection Editor Sovereign Society The greedy tentacles of Obama's bureaucrats are poised to grab your retirement savings -- and everyone else's -- under the phony promise of "saving" them for you -- and they have plans ready to act on when they can create a crisis to justify their next round of theft. But there are ways you can escape any pension grab. You can protect and preserve your pension assets -- if you act now. And if you don't think government will steal your pension, think ObamaCare! Pensions Under Attack The National Seniors Council warns that the ongoing debate on tax and budget between Congress and the White House could well encompass radical changes in tax-deferred contributions to retirement plans like 401(k)s and IRAs — and not in a good way. You may have never heard about it, but the real danger to private pensions is not new. The history of these radical retirement proposals goes back to 2008, when the Democrats had a majority in both the U.S. Senate and House. Then, a radical plan first emerged for the creation of so-called "Guaranteed Retirement Accounts" (GRAs) to be imposed on all U.S. employees. In 2008, presidential candidate Obama first proposed a prototype nationalized GRA plan. In his 2010 State of the Union address he called for an "effort to increase retirement savings by requiring all businesses to offer automatic IRA accounts," claiming such a government guaranteed plan would let employees automatically enroll in direct-deposit retirement accounts and allow them to expand matching tax credits. How to Invest Offshore The IRA Passive Custodian in the USA and the Luxembourg Active Custodian Investment Account eliminates the IRC Section 4975 problems of the "Checkbook" IRA LLC because you are managing the LLC but you are not acting as a Custodian. The Tax Deferred Foreign Retirement Account is reported on FBAR and IRS Form 8938 is "Excluded" from Reporting by the IRS because it is an IRA Account. The Foreign Retirement Plan Administrator is specifically excluded from reporting under FATCA Law. Therefore the Luxembourg Investment Account Custodian has no USA reporting or withholding requirement. No withholding or reporting requirement is the reason the Active Custodian is willing to open an account for a USA person in Luxembourg. There are no USA Person "Offshore" Fund Choice Restrictions and no PFIC nor FATCA issues." Contact us to arrange a free, no-obligation consultation with a Cross Borders Retirement Planning expert http://www.investoffshore.com
Views: 614 Invest Offshore
PROBLEM WITH PENSIONS PT 2
 
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Curriculum Vitae of Joe Cobb A.B., The University of Chicago, 1966 M.B.A., Graduate School of Business, University of Chicago, 1977 American Economic Association National Association of Business Economists (National Capital Chapter President 1986) CAREER HIGHLIGHTS AND ACHIEVEMENTS * Extensive public speaking and writing experience; over 1,200 articles published. * Served in the White House and U.S. State Dept. during the Reagan Administration. * Nine years of senior legislative staff experience with the United States Congress managing federal budget, tax law, international trade, and regulatory issues. * Adjunct Faculty member, Orange Coast College and Concordia University (retired May 2006). * Seasoned executive with more than 26 years of experience in management: Business, government, and non-profit foundations. Supervised professional management teams, from 3 to 8 professionals including accounting, budgeting, auditing, and human resources functions. Prepared and administered budgets of up to $14 million annually, for government and non-profit organizations as large as 120 employees. Established computerized office systems and trained staff on software. THE WHITE HOUSE & U.S. STATE DEPARTMENT 1982 Deputy Director, White House Office of Policy Information Staff director, responsible for preparation of briefing papers on immediate-news issues for senior White House staff, reporting to Assistant to the President and Domestic Policy Advisor Edwin L. Harper; top-secret security clearance. 1982-83 Economic Advisor, U.S. Mission to the O.A.S., U.S. Department of State Reporting to Ambassador J. William Middendorf, conducted research and prepared reports on U.S. trade policy with Latin America and the international financial situation with particular focus on Latin American debt; participated in preliminary Administration concept-discussions for NAFTA; top-secret security clearance. U.S. CONGRESS 1992-93 Chief Economist, Republican Policy Committee, U.S. Senate Reporting to Senator Don Nickles (R-OK), responsible for publications, briefings, reports, and analyses of economic trends, statistics, and policy. Legislative responsibility for Senate floor consideration of bills reported from Senate Budget, Finance, and Banking Committees as well as Senators floor amendments and conference committee reports; secret security clearance. 1990-91 Staff Director, Congressional Joint Economic Committee Reporting to Senator William V. Roth (R-DE), responsible for management, organization of Committee hearings, editing of research reports, and the preparation of Minority views for Joint Economic Committee 1991 Annual Report; secret security clearance. 1987-90 Senior Economist, Congressional Joint Economic Committee Detailed to Senator Steve Symms (R-ID) to work with the Senate Finance Committee and Budget Committee on issues of taxation, trade, and fiscal policy; secret security clearance. 1985-87 Senior Economist, Congressional Joint Economic Committee Reporting to Senator James Abdnor (R-SD), committee staff economist responsible for monetary theory and policy, international capital markets, and banking regulation; secret security clearance. 1983-85 Economist, Banking Committee, U.S. House of Representatives Reporting to Congressman Ron Paul (R-TX), prepared research papers for use by the Committee, organized hearings, received constituents on behalf of members. 1983-85 Public Law 99-185, Gold Bullion Coin Act of 1985″ Conceived and drafted legislation to authorize the United States Mint to issue legal tender gold bullion coins as a permanent program of the U.S. Treasury. Gold had been prohibited in 1933. Repeal of prohibition met significant initial opposition, but this legislation ultimately won majority support due to my efforts.
Views: 866 LibertarianYou
Heitkamp Stands with ND Workers & Retirees in Hearing to Examine Multiemployer Pension Crisis
 
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2018-04-18: U.S. Sen. Heidi Heitkamp spoke at the second meeting of the new 16-person bipartisan, House and Senate Joint Select Committee tasked with solving the crisis facing multiemployer pension plans across the country, including threatening 2,000 North Dakotans and 400,000 pension fund participants nationwide who paid into the Central States Pension Fund. During the hearing, Heitkamp and her fellow Committee members examined the scope of the ongoing multiemployer pension crisis and the economic trends that led to underfunded multiemployer plans across the country.
Obama proposes retirement plan changes
 
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Changes that President Obama will propose to employer-sponsored retirement plans could help 30 million American workers have access to retirement savings, the White House said Monday. Obama's plan consists of of a number of legislative proposals, which he'll outline in the 2017 budget he'll submit to Congress next month. They include: ► Offering tax credits to small businesses that automatically enroll employees in a 401(k)-style retirement plan; ► Requiring companies with existing plans to offer them to long-term, part-time workers who work 500 hours a year for three years; and ► Making it easier for companies to pool their retirement plans to bring down expenses through multiple employer plans. Be Smarter. Faster. More Colorful and get the full story at http://usat.ly/1OWChrA *********************************************************************************************************************************************** Want even more?! Subscribe to USA TODAY's YouTube channel: http://bit.ly/1xa3XAh Like USA TODAY on Facebook: https://www.facebook.com/usatoday Follow USA TODAY on Twitter: https://twitter.com/USATODAY Follow USA TODAY on Instagram: https://instagram.com/usatoday/
Views: 744 USA TODAY
Economic Collapse: Insolvent Teamster Union Central States Pension Fund To Cut Retiree Benefits
 
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WeaponizedNews.Com | Economic Collapse: Insolvent Teamster Union Central States Pension Fund To Cut Retiree Benefits Report Notes: http://www.zerohedge.com/news/2016-04-20/going-be-national-crisis-one-largest-us-pension-funds-set-cut-retiree-benefits Follow & Subscribe to WeaponizedNews.Com https://www.youtube.com/c/Weaponizednews?gvnc=1 https://www.facebook.com/WeaponizedNews https://plus.google.com/u/0/b/102313391234820053832/+Weaponizednews/posts?csrc=yt https://twitter.com/WeaponizedNews
Views: 1927 WeaponizedNEWS.Com
CBS-8: Carl DeMaio for Congress
 
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Carl DeMaio launched his campaign for US Congress with a simple pledge: Let's Fix Congress First. DeMaio, who has produced an exceptional record of helping balance San Diego's budget and author of the San Diego Pension Reform Initiative, says he will bring the same level of reform to Washington. Carl DeMaio is known for working across party lines to get reform done. More at www.CarlDeMaio.com Carl DeMaio knows how to reform government - and he has built an entire business and a political career on making broken government programs work again for the people. At the age of 23, Carl DeMaio started his first company -- the Performance Institute -- to provide training and consulting solutions to help financially-troubled government entities cut costs while improving performance. Carl DeMaio turned his business success into a life-long crusade to improve the performance, transparency, efficiency and accountability of government at all levels. Not content to wait for city leaders to implement reforms, Carl DeMaio has repeatedly taken his case to the voters -- sponsoring city-wide voter education drives during each election, helping defeat tax and fee increases, and sponsoring a number of reform ballot measures. In 2012, Carl DeMaio authored and led the coalition to pass the landmark "Pension Reform Initiative" that ends pension spiking abuses, caps pensionable payouts, and closes the city's troubled pension system and gives new hires 401(k) style retirement accounts instead. Carl DeMaio has fought wasteful spending by using his Council position to direct performance audits of city departments and thoroughly reviewing department budget requests. Carl DeMaio has offered a laundry list of cost-saving proposals to the Mayor and City Council. By educating and engaging the public on these common sense proposals, Carl was successful in getting a significant number of reforms enacted on bipartisan votes of the City Council -- saving over $150 million dollars during his term in office. Carl DeMaio also won bipartisan votes on his other important reform proposals - ranging from a measure to cut red tape on small business districts to his "Sunshine Law" to expand public access to a wide range of city government documents making San Diego one of the more transparent local governments in the nation. In May 2012, the UT San Diego noted "Carl DeMaio has a record of getting things done -- the right things." At a time when the public is frustrated with the lack of results by elected officials at all levels, Carl DeMaio stands out as a unique leader. Carl DeMaio leads by example -- slashing his own compensation by 22% on day one of his city council term and rejecting enrollment in overly-generous the elected officials' pension program. Carl DeMaio cut his own city council budget by 15% on day one -- and returned over $600,000 to the city treasury during his term. Carl DeMaio believes that elected officials should be judged based on their results, not rhetoric. To help change the culture of government, elected officials must demonstrate reform by applying it to themselves first. "If we want to change government, we have to change the kind of people we are electing to office. I want to be part of that change, and so far, our approach seems to be working to get the kind of results citizens deserve," concludes DeMaio.
Views: 305 Carl DeMaio
Protect our Pensions: Retirees discuss why we need the Butch Lewis Act now
 
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Learn more about the Butch Lewis Act: https://kaptur.house.gov/media-center/press-releases/kaptur-urges-immediate-action-provide-pension-relief (Thank you to the retirees who shared their stories and to Kaptur intern Fareid El Gafy for editing the videos.)
Views: 791 USRepMarcyKaptur
Group Of Retired U.S. Military Officers Urge Congress To Fund Diplomacy & Foreign Aid
 
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More than 120 retired U.S. generals and admirals urged Congress on Monday to fully fund U.S. diplomacy and foreign aid, the same government functions expected to be targeted for cuts in President Donald Trump's first budget proposal. A White House budget official said on Monday that Trump would seek to boost military spending by $54 billion and cut the same amount from non-defense spending, including a large reduction in foreign aid. In a letter addressed to Republican House Speaker Paul Ryan, Democratic House Minority Leader Nancy Pelosi, Republican Senate Majority Leader Mitch McConnell, and Democratic Senate Minority Leader Chuck Schumer, the retired officers wrote that "elevating and strengthening diplomacy and development alongside defense are critical to keeping America safe." http://feeds.reuters.com/~r/Reuters/domesticNews/~3/k8kA2XvPnc8/us-usa-trump-budget-foreignpolicy-idUSKBN1661YK http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com
Views: 23 Wochit Politics
Congressman Tim Ryan Speaks out on Central States Pension Issue
 
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Congressman Tim Ryan made this speech during the Teamsters Pension Rally on April 14, 2016 in Washington, DC.
Views: 289 TimRyanVision
US raids civil service pension fund
 
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Here is the article for you to read it in full: http://www.telegraph.co.uk/finance/economics/8517266/US-raids-civil-service-pension-fund-as-it-hits-14.3-trillion-debt-limit.html
Views: 169 PoorMansNews
Pensions: The Real Fiscal Cliff
 
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Although Congress narrowly averted a dive over the fiscal cliff this year, both the public and private sectors face staggering future obligations to retirees. Let's call this the "pension cliff." The scale of the problem is alarming. For state and local governments, the funding gap may total $3 trillion. Inexorable demographic trends threaten Social Security, and its disability program faces insolvency as soon as 2016. Private pension plans are also dealing with record deficits, particularly so-called Taft-Hartley plans. According to a recent report by the Treasury and Labor departments and the Pension Benefit Guaranty Corp., more than half of these plans are classified as endangered or in critical status. (cq terms) This panel will assess the implications for retirees, taxpayers and investors, as well as explore what needs to be done to keep the U.S. from falling off the "pension cliff."
Views: 1198 MilkenInstitute
McCaskill: ‘I won't support this bill that  leaves retired miners and their widows out in the cold’
 
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As 16,300 retired American coal miners and their families face a loss of healthcare and pensions promised to them, Republican leaders in the U.S. House and Senate have refused to act on a bipartisan plan to address the crisis. Now time has run out, and U.S. Senator Claire McCaskill today announced she will vote against Congress’ final legislation this year—a government spending bill—after Republican leaders refused to include the bipartisan Miners Protection Act in the legislation. McCaskill cited a letter she received from Billy Hull, a retired coal miner with nearly 30 years working at the Peabody Coal Power Mine near Montrose, Missouri. Mr. Hull wrote to McCaskill earlier this year, saying in part: “My wife Earlene is a 2 time cancer survivor and I suffered a stroke in 2012. If we lose our benefits it will be hard for us to afford our medicine cost. Due to the bankruptcy of both Peabody Coal Co. and the Patriot Coal Company the Patriot VEBA fund will be exhausted in late 2016 leaving us without pension and healthcare benefits…” “Here’s the question Americans should always be asking every member of Congress: who are you fighting for?” McCaskill said. “Billy Hull is who I’m fighting for. Passing a bipartisan fix for these miners would mean they won’t have to spend the holidays terrified of losing their healthcare. Missouri’s own Harry Truman—whose Senate seat I hold today—made a promise to these coal miners when he was President. I’m fighting to keep his promise. “I’ve been hearing Republican leaders in the U.S. House complain that they’ve already left Washington, D.C. to get home early for Christmas—so the government funding bill they approved and sent to the Senate, though it only includes a 4-month extension for these miners’ healthcare, will just have to be good enough,” McCaskill added. “Well, I don’t know who these U.S. House Republicans are fighting for, but it’s not working Americans like Billy Hull and the thousands like him whose blood, sweat, and tears powered our nation for generations, and yet don’t have the peace of mind that those members of the U.S. House are blessed with.” On December 31, thousands of retired miners and their widows are scheduled to lose their health insurance. Congressional Republicans included a four-month extension of this insurance in the spending bill—barely giving the miners another month of coverage before they would receive a 90-day notice of cancellation. McCaskill is pushing for certainty for these retirees and their families with the permanent health insurance solutions in the Miners Protection Act, so they aren’t facing the loss of their insurance every few months. McCaskill also highlighted President-elect Donald Trump’s repeated statements of support for America’s coal miners, and called on him to urge Republican leaders in the U.S. House and Senate to address the pending crisis. Two years ago, McCaskill was the only member of the Missouri Congressional delegation to vote against a sprawling, $1 trillion end-of-year spending package. Tucked into that “omnibus” spending bill was a provision allowing for deep cuts to retiree benefits for 32,000 Missourians participating in the Central States Pension Plan. McCaskill is a strong supporter and cosponsor of the Keep Our Pension Promises Act, which would repeal the law that allows for massive pension cuts.
KC area Teamsters anxious to learn fate of Central States Pension Fund
 
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Time is running out for a decision from the U.S. Department of the Treasury on the future of the Central States Pension Fund. Read more at http://m.kshb.com/1NkiJCk ◂ 41 Action News, KSHB, brings you the latest news, weather and investigative reports from both sides of the state line. We are Kansas City's Breaking News leader, bringing you the area's most accurate forecast and the latest sports coverage from KC's best team. For more download the 41 Action News mobile app: iPhone: http://bit.ly/iOS-kshb Android: http://bit.ly/kshb-android
Views: 374 41 Action News