Policy Chairman Mike Whalen is one of the driving forces behind the NCPA's retirement reform efforts. "As early as next year the first of the 77 million Baby Boomers will begin to retire, and America is totally unprepared for it. This will mark the beginning over a massive conflict over resources. Can Americans protect themselves from what's coming? Yes, but it will require a fundamental rethinking of how we prepare for retirement," Whalen said. Whalen's interest in retirement reform stems from his involvement in public affairs on the local, state and national levels, and in his role as an employer. He developed, owns and operates 22 restaurants and hotels in seven metropolitan areas in five Midwestern states.
-Read More
An analysis by the NCPA finds that a $30,000 loan could cost a worker more than $600,000 in retirement income! See our recent publication, " 401(k) Loans = Retirement Insecurity ," and our new 401(k) Borrowing Calculator.
Investors breathed a tentative sigh of relief in recent months as they watched their retirement accounts make up for lost ground. Just a few months earlier, as they watched their 401(k)s weather dramatic stock market swings, many may have wished they were covered by a defined benefit pension plan from their employer (or union).
Read the full analysis here