Building a Longer Life Community
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. 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[…]
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[…]
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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[…]
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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?
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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[…]
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