Woodstock in the News

January 23, 2015
By Mark Miller (Reuters) - My home state of Illinois is not the first place that comes to mind for innovative approaches to retirement savings. We are much more infamous for our pension plan for state workers, which is the worst-funded in the country.
January 23, 2015

By Alana Semuels 

CHICAGO—When he moved back to Chicago after being away for 15 years, Maurice Samuels, 40, never thought he’d live in Woodlawn. He grew up in the area on the South Side of Chicago, and remembered its deterioration well. When he left in his twenties, Woodlawn "used to be run down," he said. There were vacant homes and walking around, he said, you didn't feel safe.

January 22, 2015

Illinois just became the first U.S. state to adopt a new approach to a big problem in the nation's retirement saving system: the lack of workplace saving options for low-income workers.

January 20, 2015

By Mary Ellen Podmolik

Tanis Group Realty's quarterly bus tours of foreclosed homes for sale still draw a big crowd of potential buyers but the pickings just aren't what they once were and the prices tend to be higher.

January 13, 2015

By Lisa Kaplan Gordon

If you live in Illinois, saving for retirement is no longer just a good idea, it's automatic.

January 13, 2015

By Tori Latham

Gov. Pat Quinn signed into law Sunday a bill sponsored by state Sen. Daniel Biss (D-Evanston) establishing a savings program to help Illinois residents prepare for retirement.

January 13, 2015

Outgoing Illinois Gov. Pat Quinn signed legislation Sunday that will expand access to employment-based retirement savings accounts for more than 2 million private-sector workers in the state.

January 13, 2015

By Aimee Picchi

One of the major dilemmas facing America is how to fund the retirements of today's workers, especially when four out of 10 haven't even started saving.

January 13, 2015

By Jennie L. Phipps

Illinois has just adopted a unique plan to get its residents to invest for retirement -- automatic enrollment in a savings program for private-sector workers whose employer doesn't offer a 401(k) or similar plan.