Saver

Twenty-Three Facts That Illustrate Women's Risky Retirement Outlook

Retrieved on: 
Tuesday, November 7, 2023

LOS ANGELES, Nov. 7, 2023 /PRNewswire/ -- Only 19% of women workers are "very" confident that they will be able to fully retire with a comfortable lifestyle, according to 23 Facts About Women's Retirement Outlook, a survey report released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute.

Key Points: 
  • These factors impair a woman's lifetime earnings, retirement savings, and government and employer benefits.
  • These 23 facts illustrate key indicators and contributing factors to the retirement outlook of women workers:
    More than half of women (57%) feel they don't have enough income to save for retirement.
  • "Everyone must play a role in improving women's retirement security so that all women can retire with dignity," said Collinson.
  • 23 Facts About Women's Retirement Outlook is a comprehensive report with detailed survey findings and comparisons with men, and it includes a fact sheet for quick reference.

Less Than Half of U.S. Workers Are Aware of the IRS Tax Credit for Eligible Retirement Savers

Retrieved on: 
Tuesday, February 28, 2023

LOS ANGELES, Feb. 28, 2023 /PRNewswire/ -- Less than half (49%) of U.S. workers are aware of a tax credit that may help them save for retirement and lower their tax bill, according to survey findings from nonprofit Transamerica Center for Retirement Studies® (TCRS). The Saver's Credit, also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), is available to millions of eligible taxpayers who are saving for retirement.

Key Points: 
  • The Saver's Credit , also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), is available to millions of eligible taxpayers who are saving for retirement.
  • In this context, "non-refundable" means the credit cannot exceed a person's federal income tax for the year.
  • According to TCRS' analysis of the most recently published IRS data, the average amount of the Saver's Credit in 2020 was $186.
  • If you prepare your tax return manually, complete Form 8880 , Credit for Qualified Retirement Savings Contributions, to determine your exact credit rate and amount.

8 Ways the SECURE 2.0 Act of 2022 Enhances Retirement Security

Retrieved on: 
Wednesday, December 28, 2022

LOS ANGELES, Dec. 28, 2022 /PRNewswire/ -- The SECURE 2.0 Act of 2022, a result of extensive bipartisan collaboration, represents a major milestone in enhancing retirement security. "The passage of SECURE 2.0 will help millions of Americans save and prepare for a financially secure retirement. The bipartisan legislation includes a new government matching contribution for retirement savers, expands access to workplace retirement plans, and provides new ways to facilitate and protect retirement savings," said Catherine Collinson, CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies® (TCRS).

Key Points: 
  • LOS ANGELES, Dec. 28, 2022 /PRNewswire/ -- The SECURE 2.0 Act of 2022, a result of extensive bipartisan collaboration, represents a major milestone in enhancing retirement security.
  • "The passage of SECURE 2.0 will help millions of Americans save and prepare for a financially secure retirement.
  • Beginning in 2025, SECURE 2.0 creates more stringent requirements for employers to extend retirement plan eligibility to their long-term part-time employees.
  • TCRS is dedicated to educating the public on trends, issues, and opportunities related to saving and planning for retirement and achieving financial security in retirement.

National Institute on Retirement Security Applauds SECURE 2.0 Legislation

Retrieved on: 
Thursday, December 22, 2022

WASHINGTON, Dec. 22, 2022 /PRNewswire/ -- SECURE 2.0 legislation that is expected to pass this week as part of the 2023 omnibus appropriations bill is a clear sign that Congress understands the urgent need to shore up the nation's retirement infrastructure. The National Institute on Retirement Security (NIRS) applauds federal legislation that is expected to require auto-enrollment in new retirement plans, make the Saver's Credit more accessible for low- and middle-income workers, improve access to retirement plans for part-time workers, and allow older workers to save more. Additionally, the bill is expected to enable employers to help younger workers struggling with student debt get started with saving for retirement.

Key Points: 
  • The National Institute on Retirement Security ( NIRS ) applauds federal legislation that is expected to require auto-enrollment in new retirement plans, make the Saver's Credit more accessible for low- and middle-income workers, improve access to retirement plans for part-time workers, and allow older workers to save more.
  • While this legislation will make significant progress, more work will be required to make retirement security a user-friendly proposition for all workers.
  • Recent NIRS research, The Missing Middle: How Tax Incentives for Retirement Savings Leave Middle-Class Families Behind , documents how retirement policies fail to promote adequate retirement security for the middle class.
  • The National Institute on Retirement Security is a non-profit, non-partisan organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers and the economy as a whole.

Future-Proofing the U.S. Retirement System Requires Addressing Demographic Disparities

Retrieved on: 
Friday, December 16, 2022

LOS ANGELES, Dec. 16, 2022 /PRNewswire/ -- Almost half of U.S. workers (49 percent) expect their primary source of retirement income to come from self-funded savings such as 401(k)s, 403(b)s, IRAs, and other savings and investments. However, the total household retirement savings among workers is only $67,000 (estimated median), according to Emerging From the COVID-19 Pandemic: A Compendium About U.S. Workers' Retirement Outlook ("Compendium"), a comprehensive study released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®.

Key Points: 
  • "Enhancing retirement security involves addressing demographic disparities, removing structural barriers, and future-proofing the system so everyone can retire with dignity."
  • Part-time workers have saved just $29,000 in total household retirement accounts, while full-time workers have saved $74,000 (estimated medians).
  • "Educational attainment brings career opportunities, higher pay, and better employer benefits which translate to improved retirement confidence," said Collinson.
  • Transamerica Center for Retirement Studies (TCRS)isadivisionof TransamericaInstitute ,anonprofit, privatefoundation.TransamericaInstituteisfundedbycontributionsfromTransamericaLifeInsurance Companyanditsaffiliates.TCRS and its representatives cannot give ERISA, tax, investment, or legal advice.

Black Friday Heat Press Deals (2022): Early Sublimation Printer, T-Shirt Printer & More Heat Press Savings Reported by Saver Trends

Retrieved on: 
Monday, November 7, 2022

Saver Trends recommend checking out Walmart.com to shop for more deals across a wide range of categories this Black Friday.

Key Points: 
  • Saver Trends recommend checking out Walmart.com to shop for more deals across a wide range of categories this Black Friday.
  • Saver Trends earns commissions from purchases made using the links provided.
  • For arts and crafts projects, heat press machines including T-shirt and sublimation printers are a simple and effective way to transfer images onto a variety of products.
  • About Saver Trends: Saver Trends research and share online sales news.

The Road Ahead: Addressing Pandemic-Related Setbacks and Strengthening the U.S. Retirement System

Retrieved on: 
Tuesday, June 28, 2022

LOS ANGELES, June 28, 2022 /PRNewswire/ -- Fewer than three in 10 workers (29 percent) "strongly agree" they are building a large enough retirement nest egg, according to Emerging From the COVID-19 Pandemic: The Retirement Outlook of the Workforce, a survey report released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®.

Key Points: 
  • In addition, the study illustrates the urgent need for strengthening the U.S. retirement system and outlines recommendations for doing so.
  • "Employed workers are generally well-positioned to save, invest, and prepare for retirement.
  • They enjoy a steady income and are often offered employer-sponsored retirement benefits such as a 401(k) or similar plan that makes saving and investing easier.
  • "As we emerge from the pandemic, we face an urgent need to strengthen our retirement system so that everyone can retire with dignity.

Wolters Kluwer Pensions & Retirement Expert Provides Analysis on SECURE Act 2.0 and Pending Retirement Legislation

Retrieved on: 
Thursday, June 2, 2022

NEW YORK, June 2, 2022 /PRNewswire/ --

Key Points: 
  • Glenn Sulzer is a Senior Analyst at Wolters Kluwer Legal & Regulatory U.S.
  • Sulzer is a graduate of DePaul University College of Law and earned an undergraduate degree in political science from DePaul.
  • We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
  • Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Alaska Airlines is all-in at Paine Field - our full schedule resumes this June

Retrieved on: 
Thursday, April 14, 2022

SEATTLE, April 14, 2022 /PRNewswire/ -- After an exceptionally long two years, our guests are flying again – ready to go places and see people. At the newest commercial airport in the Seattle area, Alaska Airlines is making it easier to get going by adding more convenient flights as we ramp up to resuming our full schedule at Paine Field in Everett this summer.

Key Points: 
  • At the newest commercial airport in the Seattle area, Alaska Airlines is making it easier to get going by adding more convenient flights as we ramp up to resuming our full schedule at Paine Field in Everett this summer.
  • Service between Paine Field and San Francisco resumes on May 19.
  • "We look forward to Alaska bringing their full schedule back and offering great options out of Paine Field."
  • Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

Fewer Than Half of U.S. Workers Are Aware of a Tax Credit for Retirement Savers

Retrieved on: 
Tuesday, February 15, 2022

LOS ANGELES, Feb. 15, 2022 /PRNewswire/ -- Fewer than half (48 percent) of U.S. workers are aware of a tax credit that may help them save for retirement, according to survey findings from nonprofit Transamerica Center for Retirement Studies (TCRS).

Key Points: 
  • LOS ANGELES, Feb. 15, 2022 /PRNewswire/ -- Fewer than half (48 percent) of U.S. workers are aware of a tax credit that may help them save for retirement, according to survey findings from nonprofit Transamerica Center for Retirement Studies (TCRS).
  • Also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), the Saver's Credit is available to millions of eligible taxpayers who are saving for retirement.
  • "The Saver's Credit may help make it easier for people to save because it lowers their federal income tax."
  • If you prepare your tax return manually, complete Form 8880 , Credit for Qualified Retirement Savings Contributions, to determine your exact credit rate and amount.