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The Average American Retires at This Age. Will You?
Retirement is an important milestone in everyone’s life, and most people plan for years in anticipation of the day on which they leave their jobs for the last time. With many policymakers looking with concern at the need for retirees…
Retirement Plans Would be Required Under New NJ Bill
New Jersey employers with at least 25 workers would be required to offer retirement savings plans under a bill introduced in the Assembly last week. The bill, introduced by Speaker Vincent Prieto, D-Secaucus, and Assemblymen Tim Eustace and Joseph Lagana, both…
Do the research before deciding when to collect social security
A few weeks ago, my good friend Sue called me to get my opinion on if she should start collecting her Social Security. She recently celebrated her 66th birthday, which made her eligible to collect her full benefit. Sue is still…
Week ahead: Lawmakers take aim at tax scams
Tax identity theft is on the rise. And with the tax filing deadline a month away, the Senate Finance Committee is holding a full committee hearing Thursday to discuss how to protect taxpayers from schemes and scams. The Federal Trade Commission said…
Social Security Doesn’t Come To All Who Paid
Israel Morales, 44, is one of the thousands of migrant farmworkers hired to harvest New Mexico’s famous chiles. For the past five years, Morales, who asked that his real name not be used, has earned between $4,000 and $7,000 a…
5 major employee perks that help you save money
They say that a penny saved is a penny earned. Unfortunately, a penny earned isn’t always saved. With the high cost of living expenses, bills, school tuition, family care, car maintenance, general inflation, a still-struggling economy and worst of all,…
Caregiver’s lonely journey leads to ‘moving on’
Frank Burkett can sleep through the night now without being awakened repeatedly by a woman who no longer rested well or for long. He can go out to eat without handing the server a card explaining that he’s with someone who…
Taxes From A To Z (2015): D Is For Disability Income
When you miss work due to an injury or disability, you may receive compensation in the way of disability income from an employer’s insurance, health plan, or pension plan. Under the Tax Code, all income is taxable unless otherwise excluded. When…
Companies Should Have to Offer Low-Cost Funds in 401(k)s
For the typical middle-class investor, the bulk of their retirement saving is done via their 401(k) or other employer-sponsored retirement plan. And one factor that places a significant drag on the rate at which people accumulate assets in such plans…
Baby boomers will keep debt high for the foreseeable future
As debt jumped over the past decade, economists warned that retiring baby boomers might soon overwhelm retirement programs, swamp the federal budget and keep the debt unusually high as far as the eye can see. That day has come and…