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Is Social Security fair? Ask the Brady Bunch
Social Security is a progressive system that usually pays middle- and lower-income workers a higher return on their contributions to the system than it pays to the highest earners. And if you don’t believe me, just ask Cindy Brady—the pigtailed…
California tries to mandate retirement savings for private workers
Is it another case of the nanny state, or an innovative way to help you save? California lawmakers are pushing a controversial, first-in-the-nation plan that would require private-sector employers to remove 3 percent from every worker’s paycheck. The money would go…
Seniors Fastest-Growing Segment of Payday Borrowers, Senate Told
An executive from the Center for Responsible Lending told the Senate Special Committee on Aging that older Americans represent a quickly growing base of borrowers for payday lenders. Rebecca Bornè, senior policy counsel for the CRL – a subsidiary of the 50,000-member, $580…
Florida insurers retain millions of policyholder payouts
The state of Florida has put the squeeze on some of the nation’s biggest life insurance companies to hand over benefits from almost 96,000 unclaimed policies worth more than $75 million — money that might be yours. But the vast majority…
Rockeymoore leads Committee to Preserve Social Security and Medicare
“People of color rely heavily on Social Security and Medicare. Together, we will help our communities become forceful advocates, ensuring that our leaders understand how communities of color use these programs and how they can be modernized to meet the…
Budgeting for health care in retirement
While the precarious long-term financial health of the Social Security system gets most of the press, the Medicare system is on equally uneven footing. According to the latest report from the Social Security and Medicare Boards of Trustees, Medicare is projected to exhaust its…
There’s no such thing as ‘the center’
Over at the New York Times, Jonathan Martin has a front-page story titled, “Some Democrats Look to Push Party Away From Center.” The examples he gives are Elizabeth Warren looking to lower the interest rate on federally subsidized student loans…Read More …
What College Students Should Know About Retirement
College students and recent graduates face particular challenges in saving and planning for retirement. Daunting student loans, a still-uncertain job market and competition for jobs among fellow graduates may all seem far more pressing than a retirement decades down the…
Social Security: It pays to wait
With millions of boomers retiring or thinking about it, the big question is when to collect Social Security benefits. If people can hold off until full retirement age of 66 for those born from 1943 to 1954 or age 67 for…
To help end budget gimmicks, pass this bill
When it comes to addressing our growing national debt, there is no shortage of disagreement between the political parties in Washington. But there is one thing they should both agree on: to tell the truth about our nation’s growing fiscal…