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Voya Financial Study Reveals How Americans Score on Their Retirement Readiness; Reinforces the Importance of Planning
Voya Financial, Inc. (NYSE: VOYA), released findings today from a new study — the Voya Retire Ready Index™ — which measures the retirement readiness levels of Americans who are either working or recently retired. The study shows how each group of…
Being Old in 2040 Will Be No Fun
Current trends in demographics and national budgets will leave the elderly of the future in dire straits. There are times when it’s good to be young – the 1960s, with its prosperity and hedonism, was one such period. Being old…
The Boomers Retirement Income
According to a report by Bankrate.com, Boomers are retiring at the worst time in a generation. They cite the low yields on bonds and stock dividends which they believe will prevent retirees from having enough fixed income in retirement. Their survey…
Social Security Administration as Independent Agency
On March 31, 1995, the Social Security Administration became an independent agency. The original 1935 Social Security Act, signed into law by President Roosevelt on August 14, 1935, created the three-member independent Social Security Board. This was an entirely new…
Stossel speaks on the efficiency of free markets
The free market is the only meaningful alternative to government programs, which create inefficiency and have unintended harmful effects, John Stossel ’69, Fox Business channel host and libertarian pundit said at a lecture about his political philosophy on Monday. “It doesn’t help…
Happy Birthday Boomers!
Today 10,000 Boomers celebrate their 65th birthday and another 10,000 will celebrate tomorrow. That will happen every day through 2029. And by 2030 twenty percent of the nation’s population will be 65 and older. They may be eligible for Medicare and…
‘Canary in a coal mine’: The SSDI dilemma
Social Security Disability Insurance, used by an estimated 11 million disabled workers and their eligible spouses last year, will be broke by the end of 2016. So some Democrats want to take from Peter to pay Paul when poor Peter…
Among developed nations, Americans’ tax bills are below average
With the April 15 tax-filing deadline rapidly approaching, some U.S. taxpayers may be thinking a lot about just how much they are forking over to (or getting from) Uncle Sam. A Pew Research Center report earlier this month concluded that the public sees the…
Help workers save for retirement
Unless Oregonians begin saving more money for retirement, the choices they will face in old age are stark: live in poverty, rely on public assistance or keep on working. The state Legislature can promote financial security in retirement by broadening…
The Amnesty Numbers Game
A case study in politicized statistics. Immigration policy is fraught with trade-offs. There is the welfare of citizens versus non-citizens, distribution versus efficiency, diversity versus cohesion, liberty versus security — the list goes on. There is no policy formulation that…