The 401(k) and America's Retirement Future
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The 401(k) and America's Retirement Future

America's population is aging, but retirement won't be what it used to. Research shows that more than half the current work force won't be prepared. Are workers themselves to blame? Can they go it alone with 401(k)'s? Whatever happened to pensions? Also, the US will aid the Syrian opposition, but it will be less than expected. On Reporter's Notebook, the papacy has ended for Benedict XVI.

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Making News

US Will Aid Syrian Opposition, but It's Less than Expected ()

Today, for the first time, the US promised direct aid to the Free Syrian Army in the struggle against President Bashar al-Assad. Speaking in Rome, Secretary of State John Kerry announced an immediate additional $60 million "in non-lethal assistance to support the coalition in its operational needs." Some in the opposition were disappointed, hoping for weapons and equipment that rebels have been requesting. Michael Gordon, national security correspondent for the New York Times, is travelling with the Secretary.

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Main Topic

American Workers and the Retirement Squeeze ()

For the first time since the New Deal, retiring Americans will be worse off than their parents, and it's not just because of the Great Recession. Guaranteed pensions have been replaced by 401(k)'s -- but they make more for the financial industry than they do for retirees. There's a growing consensus that more than half American workers over 30 will be unprepared for retirement. Can popular personal financial advisers help? Are wage earners at fault for spending instead of investing or are they just not making enough money?

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Reporter's Notebook

The Pope's Last Day ()

Benedict XVI is now the first Pope to resign his office in 600 years. The Pope Emeritus left the Vatican by helicopter today and flew to the summer residence, Castel Gondolfo, where he addressed a crowd from his balcony. Rachel Donadio, Rome Bureau Chief for the New York Times, has more on his last day in office and what's next for 1.2 billion Roman Catholics around the world.

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