Retirement

1 How Do Seniors in the Northeast Spend Their Money?

Over the past 25 years, the spending patterns of retirees (age 65 and over) have moved in response to increases (and falls) in the costs of goods and services, changes in retirement income and shifts…
1 Congressional Brief: Retirement Accounts

Private retirement accounts include employer-sponsored 401(k)s and 403(b)s, and privately-purchased plans like Individual Retirement Accounts (IRAs). Today, about 88 million people participate in one…
1 MyRA or the Highway?

The Obama administration directed the Treasury Department to establish a program of individual retirement savings accounts known as “MyRAs” beginning January 2015. MyRA accounts allow workers to save…
1 The Momentum of Pension Reform in Wisconsin Must Be Extended to Health Insurance for Public Employees and Retirees

Many state and local public employee pension funds are struggling to make up large gaps in their funding — which cratered in the aftermath of the 2008-2009 recession. The one exception is Wisconsin, w…
1 Retiring Soon? Pay off the House First

In 2011, the first of 78 million baby boomers turned 65. By 2031, the last year of the boomer generation will reach their full retirement age (67). Many will consider moving to a less costly, low-tax…
1 How Are Seniors Spending Their Money?

Forty-two million seniors currently reside in the United States, and many of the baby boomers who are approaching retirement are not financially ready. Just 20 years ago, most seniors entered retireme…
1 More Education, Better Retirement

Recent college graduates have had a difficult time finding employment to match their skills. Indeed, unemployment is now higher among 18 to 24 year olds than any other age group. Despite the current l…
1 Limiting Retirement Account Growth Would Punish Saving

President Obama’s proposed 2014 budget includes a limit on the growth of tax-advantaged retirement accounts. Though Congress is unlikely to adopt his budget proposal, the idea of limiting retirement a…