Retiree spending ripples through the nation... 2.5 million jobs and $358 billion in economic impact.
Focus
Women remain at a higher risk for retirement insecurity than men. That risk can be reduced with the combination of a
traditional pension, supplemental 401(k)-type individual savings, and
Social Security.
News
The Wall Street Journal, June 1, 2009 - The editorial "Golden (State) Opportunity" regarding California's budget problems is misguided in its suggestion to move the state's public servants from a defined-benefit pension into individual retirement accounts.
Exchange
The Federal Reserve released welcome data its June 2009 Flow of Funds report indicating that the economic situation may be stabilizing. Disposable personal income rose by $142 billion in the first quarter 2009 and by $358 billion since the first quarter of 2008.
