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The Future of Retirement: “A Perfect Storm” in the Making?
The Hill’s Marc Cadin, in a post on thehill.com’s Opinion page, cites “Insufficient savings, longer life expectancy that requires more resources during retirement, and a sharp increase in the number of retirees that the federal government is ill-prepared to support” as indicators of an impending “perfect storm of financial insecurity” for future retirees. His post goes on the explain that S.2526 (the Retirement Enhancement and Savings Act of 2018) is a solid step forward, as are some of the provisions found in the Tax Reform 2.0 initiative, but neither of these efforts will form a total solution to the quandary. Read his post here…