In the News • January 17, 2020
CNBC reports that retirement income is often thought to come from three sources: Social Security, pensions and savings. “That combination is often called a three-legged stool, a metaphor for the money retirees use to support themselves once they are no longer working full time. However, a new report finds that very few retirees actually have […]
In the News • January 14, 2020
A Washington Post column says that Bernie Sanders is “a longtime Social Security champion and last year introduced legislation that would increase benefits for lower-income Americans, as well as change the cost-of-living formula to compensate for the higher inflation seniors experience thanks to their disproportionate medical spending.” “It’s tough to overstate how important Social Security […]
In the News • January 14, 2020
MarketWatch reports that “Democratic candidates have voiced their opinions on climate change, universal health care and the current president for months, but Tuesday marks the seventh and last debate before primary voting begins — and they still haven’t talked much about Americans’ future financial security.” Although their positions may be similar, considering they’re all Democrats, […]
In the News • January 14, 2020
A Forbes column indicates that retirement security is on a treacherous path for the future with dwindling pensions and proposals to cut Social Security. “The most surefire way to achieve a secure retirement is to have income from a three-legged stool of a defined benefit pension plan, a 401(k) combined with other personal savings and […]
Press Release • January 13, 2020
Only 7% of Retirees Have Ideal Situation of Income from Three Sources: Social Security, a Pension and Savings Social Security Kept More Than 7.5 Million Households Out of Poverty, Reduced Public Assistance Costs by $10 billion in 2013 Pensions Kept Nearly One Million Retirees Out of Poverty, Reduced Public Assistance Costs by $4 Billion in […]