Social Security reform is a touchy subject these days for Thomas Brown and his grandparents. “If I broach it with them, they are against any sort of legislation that would do anything to change Social Security,” says Brown, a 28-year-old financial adviser with Pivot Point Advisors in Houston. “They depend on it, but when I [...] [...more]
I visited recently with Lauren Young at Reuters to talk about my book, The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work and Living. We discussed the reinvention of retirement, working longer and the future of Social Security; here’s the video of our interview, along with a brief book excerpt and a [...] [...more]
A little-noticed provision of a law signed by President Obama this week promises to boost the use of Roth accounts in workplace retirement plans. The Small Business Jobs Act really has very little to do with retirement saving-it’s aimed at boosting the economy by giving tax cuts and credits to small businesses. But those cuts [...] [...more]
The numbers are dismal: the U.S. Census Bureau reports that the poverty rate rose sharply last year to 14.3 percent, the highest since 1994. Forty-four million Americans were below the official poverty line, and one out of every five children were considered poor. If there’s a silver lining in the annual poverty report, it seems [...] [...more]
Are women at long last closing the long-standing pay gap with men? Median pay for American women was 22 percent lower than for men in 2008, according to the U.S. Census Bureau. That gap hasn’t changed much over time, and it’s a key factor in the economic security challenges that women face in retirement. But [...] [...more]
