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Avoiding poverty in retirement
No question about it, the announcement that Social Security checks will be 2.8% bigger in 2019 is good news for America’s seniors. But will that average $39 per month increase be the difference that keeps you above the national “poverty line”? For those retirees already struggling to make ends meet every little bit helps, but the reason they’re struggling in the first place reveals a larger, more difficult to solve issue – American’s aren’t saving enough for retirement and traditional pension plans have largely gone away. In this MarketWatch opinion piece by columnist Paul Brandus, the author reveals that – COLA increase aside – many seniors are in financial trouble, and here’s the reason why. Click here to read more.