How Social Security penalizes working women

Most people think Social Security operates on a simple principle. While you work, you pay taxes. The more you pay, the fatter the checks you cash once your retire. But the system is much more complicated. And because of the way Social Security was set up in the 1930s, it doesn’t benefit everyone equally. The biggest winners are […]

When It Comes to Retirement Savings, Most Workers Are on Their Own

When a company sets a default contribution rate, most employees adhere to it—usually this has to do with the human tendency to stick with the status quo, but occasionally it’s because some employers match contributions made up to that default rate. So, the number a company chooses—even if it’s only 1 percentage point different from […]