Portside

Arnold’s spokespeople bristle at the suggestion that the billionaire is out to cut pensions, insisting that he only wants a realistic accounting of the under-funding problem. But the similarities between what Raimondo did in Rhode Island and what the Arnold Foundation advocates nationwide are striking.

All across America, Wall Street is grabbing money meant for public workers. Not only did these middle-class workers already lose huge chunks of retirement money to huckster financiers in the crash, and not only are they now being asked to take the long-term hit for those years of greed and speculative excess, but in many cases they're also being forced to sit by and watch helplessly as Gordon Gekko wanna-be's are put in charge of their retirement savings.

The Dumbest Retirement Policy in the World - A failed public policy experiment is tearing the country apart. It was a bad idea from the get-go, but new research shows that America's 401(k) revolution has left us even worse off than we thought. Here's a look at how we got into this mess, and where it will take us if we don't wise up.

How’s your 401(k) doing? Working Americans ask themselves this question — and angst about the answer — a great deal these days. Any why not? For most Americans, retirement reality has turned chillingly stark: Either you have a robust set of investments in your 401(k) or you’re facing a rocky retirement.

Though Americans are increasingly turning to savings in 401(k)-type accounts, Social Security remains the most reliable and equitable system of retirement savings.