50 or Older? 10 Things You Should Do With Your Money
Forbes: The average credit card debt for those aged 65 to 74 has increased since 1989, according to an NCPA report quoted in a Forbes article.
Stay or Go, You’ve Got Moves to Make
Money Magazine: Carrying mortgage debt into retirement can limit lifetime wealth and spending, says NCPA Senior Fellow Pam Villarreal in a Money Magazine article.
Perry is Right about NY Taxes
NCPA: Not only is Texas Gov. Rick Perry right about the Texas business climate trumping New York’s, a new analysis from the National Center for Policy Analysis’ State Tax Calculator shows New York residents would profit enormously by moving to Texas.
The Bite of Pet Costs
The Wall Street Journal: In response to retirees’ growing spending on pets and hobbies, NCPA Senior Fellow Pam Villarreal suggests that pet owners take advantage of low-cost vaccinations and double-check their vet’s medication prices against the marketplace in a Wall Street Journal article.
5 Types of Debt to Dump Before Your Retirement
Yahoo! Finance: Ditch your mortgage and credit card debt before retirement, says a U.S. News and World Report article at Yahoo! Finance, citing NCPA reports.
What Widows Should About Know About Financial Advisors
US News and World Report: Widows should build a new context for their financial decisions which reinforces their new independence, says NCPA Senior Fellow Pam Villarreal in a US News & World Report article.
Should clients carry a mortgage into retirement?
Investment News: NCPA Senior Fellow Pamela Villarreal utilized the State Tax Calculator to help seniors decide whether carrying a mortgage into retirement is worth the expense in an Investment News article.
How a Mortgage Impacts Retirement Income
PlanSponsor: Mortgage debt can “sap your wealth, even in states with lower taxes,” says NCPA Senior Fellow Pamela Villarreal in a PlanSponsor article on the impact of mortgage debt on retirement income.
Seniors Are Spending More on Mortgages, Credit Cards
Credit.com: If you sacrifice saving to improve credit scores, your stability will be short-lived, says a new blog post at Credit.com focused on the findings of the NCPA study on senior spending. The study found that seniors are spending more on debt and saving less than in years past.
How Are Seniors Spending Their Money in Retirement
Spectrem’s Millionaire Corner: Seniors are driving longer, spending more on hobbies, and racking up more debt than before, according to a Spectrem’s Millionaire Corner post. The post examines findings from the NCPA study on debt and senior spending.
Seniors Overspend on Mortgages, Credit Cards
USA Today: Americans are entering retirement with too much debt and too much consumption spending when they should be saving more, says NCPA Senior Fellow Pam Villarreal, whose new report was featured in USA Today.
Which is Better for Young Workers: NCPA Study
NCPA: Workers at all ages could be better off from smaller Social Security benefits rather than higher payroll taxes, according to a new study from the National Center for Policy Analysis.
Retirees' Mortgages Can Outweigh Tax Breaks
The Wall Street Journal’s Market Watch: Retiring in a low-tax state may not save you money if you still have mortgage debt, says NCPA Senior Fellow Pamela Villarreal in an article featuring her work at The Wall Street Journal’s Market Watch. More than half of people about to retire still carry mortgage debt, and many will carry it with them years into retirement.
Watch Out for Debt in Retirement
AARP Bulletin: Retirees’ money is increasingly being spent on debt, asserted a piece in the AARP Bulletin. According to the piece, which quoted the NCPA study on retiree spending, retirees are spending more on mortgages, home equity loans, and credit card debt now than in the past.
Give Today's Retirees a 'D' — for Debt
AARP Blog: Studies from the National Center for Policy Analysis and the AARP Public Policy Institute concur – retirees are spending increasing amounts of the their money on debt.
How Are Seniors Spending Their Money?
LifeHealth Pro: Senior Fellow Pamela Villarreal explains the shifting patterns in how seniors spend their money.
More Seniors Spending on Mortgages, Credit Card Debt
NCPA: Today’s seniors are increasingly carrying mortgages and credit card debt, says a new report from the National Center for Policy Analysis.
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 retirement debt-free. Now, experts wonder if retirees will able to make ends meet throughout the rest of their lives, much less not outlive their money. While fewer seniors have guaranteed incomes, such as company pensions, to provide security during retirement, more seniors are carrying debt.
Rally today calls for greater fiscal accountability
One News Now: NCPA Senior Fellow Larry Kotlikoff gave the keynote address at a Capitol Hill rally promoting the INFORM Act.
Does the United States have $128 trillion in unfunded liabilities?
Washington Post: Total unfunded liabilities in the United States are at $84 trillion, according to a National Center for Policy Analysis study.
Social Safety Programs on the Chopping Block?
Fox Business: Pam Villarreal, NCPA expert on Social Security and retirement, discusses the debt ceiling and its effect on social safety programs.
Disability Benefits
The McCuistion Program: National Center for Policy Analysis Senior Fellow Pamela Villarreal on McCuistion explains the growing challenges facing the Social Security disability program
Social Security — more for less
Bankrate.com: If the retirement age is increased, then Social Security benefits should reflect that high earners get a lower percentage return on the money they pay in while lower earners get a better return, according to a new NCPA study.
The Veterans Disability System: Problems and Solutions
Throughout the history of the Department of Veterans Affairs (VA), fraud, mismanagement and waste have plagued what is perhaps the most comprehensive veterans’ assistance system in the world. An examination of the Veterans Disability Compensation Program offers little reassurance that the system is improving. What can be done about the VA?
Lifetime Income, Longevity and Social Security Progressivity
Life expectancy has increased for most Americans in general over time, and life expectancy at retirement has been rising for decades. This has resulted in lengthening periods of retirement and higher associated spending on Social Security and Medicare. However, the longevity gains are significantly larger for men with relatively high lifetime earnings than those with relatively low lifetime earnings.