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Half of Older Americans Have Nothing in Retirement Savings

Half of Older Americans Have Nothing in Retirement Savings

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[…]

Social Security reform is long overdue, but massive tax hikes are not the answer

Social Security reform is long overdue, but massive tax hikes are not the answer

House Democrats are considering pushing a massive tax. 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. faces significant funding issues, but there are better ways to reform the program than increasing payroll taxes. on every employer and worker. AccordingRead more about Social Security reform is long overdue, but massive tax hikes are not the answer[…]