The bad news is that almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years earlier. Of those 55 and older, 48 percent had nothing put away inRead more about Half of Older Americans Have Nothing in Retirement Savings[…]

House Democrats are considering pushing a massive tax Opens a New Window. hike on American workers, regardless of their income level, as part of a bill to expand Social Security. There’s no question that Social Security Opens a New Window. faces significant funding issues, but there are better ways to reform the program than increasingRead more about Social Security reform is long overdue, but massive tax hikes are not the answer[…]

Harold Labrensz spent much of his 89-year life farming and ranching the rolling Dakota plains along the Missouri River. His family figured he would die there, too. But late last year, the nursing home in Mobridge, S.D., that cared for Mr. Labrensz announced that it was shutting down after a rocky history of corporate buyouts,Read more about Nursing Homes Are Closing Across Rural America, Scattering Residents[…]

Life gets more enjoyable as time goes on, say scientists who found that older people report greater levels of happiness than their younger counterparts. A study on emotional perception found that, as we get older, we stop noticing when people around us are angry – a feature also found in children. We also get better at pickingRead more about Things can only get better! People are happiest when they reach 70 and least content in middle age[…]

If you’re worried about saving enough for retirement, you’ve got company all over the world. A new survey shows that even workers in countries with strong social safety nets fret over their financial futures. ING surveyed almost 15,000 people in Europe, the U.S., and Australia, and found the majority worry whether they’ll have enough money inRead more about Americans Worry About Retirement, But Not as Much as Europeans[…]

Links to the articles discussed in the video: https://www.fool.com/retirement/2019/02/11/the-perfect-age-to-claim-social-security-it-might.aspx https://thehill.com/policy/healthcare/429628-report-increase-in-health-care-spending-driven-by-higher-prices-not-more https://www.politico.com/story/2019/02/13/medicare-bill-health-care-1167664

You’ve worked hard all your life, and now you’re retired (or will soon retire). Unfortunately, there’s a pretty good chance that Uncle Sam is going to take a cut of your 401(k), traditional IRA or pension income. But what about your state? Will it take a bite out of your retirement income, too?

Links to the articles discussed in the video: https://www.cnbc.com/2019/02/01/trump-urges-congress-to-pass-new-drug-plan-extend-to-private-market.html https://www.washingtonexaminer.com/opinion/trumps-plan-to-improve-healthcare-that-everyone-said-wouldnt-work-is-already-working https://thehill.com/policy/healthcare/428440-bipartisan-senate-panel-leaders-ask-7-major-drug-companies-to-testify-on

After years of Republican-led debate over how to pare back Social Security’s rising costs, Democrats are flipping the script with an ambitious plan to expand the New Deal-era social insurance program while making gradual changes to keep it solvent for the rest of the century. The Social Security 2100 Act, which was introduced this pastRead more about Democrats Push Plan to Increase Social Security Benefits and Solvency[…]

Links to the articles discussed in the video: https://www.washingtonexaminer.com/policy/healthcare/kamala-harris-medicare-for-all-would-mean-massive-disruption-for-healthcare-and-the-industry-is-prepared-to-fight-it https://www.newsmax.com/politics/johnthune-bill-estatetax-rich/2019/01/28/id/900193/?gdpr_consent=&gdpr=false http://www.philly.com/business/energy/bill-gates-nuclear-power-lobbying-washington-climate-change-20190128.html