Traditional and Roth Individual Retirement Accounts (IRAs): A Primer (CRS RL34397)

In response to concerns over the adequacy of retirement savings, Congress has created incentives to encourage individuals to save for retirement through a variety of retirement plans. Some retirement plans are employer-sponsored, such as 401(k) plans, and others are established by individual employees, such as Individual Retirement Accounts (IRAs). This report describes the primary features … Read more

Social Security: What Would Happen If the Trust Funds Ran Out?

  Should I Defer My Social Security Payout?   Social Security’s income and outlays are accounted for through two federal trust funds: the Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the Federal Disability Insurance (DI) Trust Fund. Under their intermediate assumptions and under current law, the Social Security trustees project that the DI … Read more

Unemployment Rate / Employment-Population Ratio (

From the Congressional Glossary – Including Legislative and Budget Terms Unemployment Rate / Employment-Population Ratio   Unemployment and the Unemployment Rate   As defined by the Bureau of Labor Statistics (BLS), the number of people who do not have jobs but have actively looked for work in the prior 4 weeks and are currently available … Read more

Deflation / Inflation / Real Dollar (

From the Congressional Glossary – Including Legislative and Budget Terms Deflation / Inflation / Real Dollar Whip Inflation Now (WIN) Deflation: A sustained decrease in the general price level. Deflator: An index used to adjust a current dollar amount to its real dollar counterpart, that is, to remove the effects of inflation. Inflation: A rise … Read more

PBGC To Assume Delphi Pension Plans

This is a bailout in the making. And as Atrios commented this morning: “It wouldn’t surprise me if the PBGC starts getting as hungry as the FDIC.” PBGC To Assume Delphi Pension Plans Unfunded and underfunded pensions are going to become a very big problem in the near future. In August, we will publish “Underfunded … Read more