What worries Americans most about their prospects for achieving a secure retirement? The cost of health care. Americans are less confident that they’ll have enough money to pay for medical and long-term care expenses in retirement than they are about their ability to cover basic expenses, according to the Employee Benefit Research Institute’s recently released [...] [read full article…]
Here’s something I never thought I’d do: publish an essay in a volume alongside Gloria Steinem, Jane Fonda and Jimmy Carter. But the editors at Sellers Publishers invited me about a year ago to contribute to a volume of essays called 65 Things to Do When You Retire, 65 Notable Achievers on How to Make [...] [read full article…]
The trustees of Social Security will release their annual report on the program’s health sometime in the next few weeks, and the news will not be good. The 2012 briefing is expected to show further deterioration in Social Security’s financial outlook, due to the higher-than-expected 2.9 percent cost-of-living adjustment awarded this year and a decline [...] [read full article…]
Pick up a newspaper, and there’s a good chance you’ll find bad news about the traditional U.S. pension. The most recent unsettling story came in February, when American Airlines proposed termination of four pension plans covering 130,000 workers as part of its bankruptcy proceedings. The airline later backed down from the plan–which would have marked [...] [read full article…]
Applications for Social Security Disability Insurance (SSDI) have increased in recent years. What does this increase imply for the program overall, and particularly for its funding over the long term? I moderated a panel discussion on the future of SSDI today, sponsored by the National Academy of Social Insurance. The forum, held at the Cannon [...] [read full article…]
