In the News • October 6, 2014
“Andrew Biggs and Sylvester Schieber’s contention that American retirees aren’t facing a retirement income crisis is largely based on a single cherry-picked number from one chart from a 365-page report by the OECD (“The Imaginary Retirement-Income Crisis,” op-ed, Sept. 30). The chart shows that on average Americans over the age of 65 have an income […]
In the News • August 12, 2014
“I disagree with your Aug. 4 front-page article “City’s System for Pensions Shows Strain.” New York City’s pension funds are on the road to recovery after weathering enormous losses from the collapse of the housing bubble, the economy and the stock market. Comptroller Scott M. Stringer reported recently that the city’s funds posted a 17.4 […]
In the News • August 8, 2014
“There is one undeniable demographic reality of our time. We are all going to have to work longer and save more for our retirement. Since the beginning of civilization, the care of the elderly has been the responsibility of younger generations. Before the last century, that responsibility was organized with families or tribes. But, beginning […]
In the News • July 4, 2014
“Saving for retirement early and often is part of the common financial wisdom. But those nest eggs aren’t always enough. Some baby boomers like Dorry Clay, a graphic designer and illustrator, set aside money for decades. Then unexpected costs arise. Ms. Clay learned she had cancer and raided her retirement account to cover chemotherapy. “That wiped […]
In the News • May 12, 2014
“Expanding the public retirement system to the private sector moved to political reality from abstract concept this year, as 16 states either are considering legislation or taking the first steps toward implementing new approaches.” -Pension & Investments Read the article.
In the News • May 5, 2014
“The folks at Bankrate.com have just released their annual list of The Best States to Retire — and, flipped on its head, The Worst.” -Forbes Read the article.
In the News • April 5, 2014
“Wyoming is a far better financial safe harbor for retirement than Sunbelt states that retirees typically flock to, according to a new study from the National Institute on Retirement Security. Measuring retirement readiness across the country, the “Financial Security Scorecard” gives the home of Grand Teton National Park and a good deal…” -Wall Street Journal […]
In the News • April 1, 2014
“This should be good news: At a time when worry about the retirement security of American workers is rising, traditional pension plans finished 2013 in their best shape last year since the financial crisis of 2008. Yet that may only be setting the table for more corporations to stop offering them. The funding deficit of […]
In the News • March 31, 2014
“Is America on the brink of a retirement disaster? Baby boomers are chugging their way toward retirement and many see a train wreck ahead. So how bad is it? Answering these questions depends a bit on optimism or pessimism about the future. You can count me on the pessimistic side, but that doesn’t mean I’m […]