Can expanding Social Security solve the retirement crisis?
I asked a financial services executive recently how our retirement saving system can be considered a success, considering that all but the highest-income households are approaching retirement with next to nothing saved. His reply: “They don’t have any money while they’re working, so why would they have any money in retirement?” Individual retirement accounts and 401(k)s work just fine for people with money, not so much for everyone else...Read More
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