Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding accounts to prepare for the next economic crisis or recession. While states have recouped much of the fiscal and economic ground they lost during the Great […]
Killing the Elderly: Social Security Starves Us Slowly as the GOP Tries to Kill Us by Gutting Health Care
I currently receive a Social Security benefit check of $985 a month, which is a spousal benefit I qualified for, one of the last to be able to make use of the so-called file-and-suspend option for married people reaching age 66 that the Obama Administration and Congress agreed to do away with two years ago, […]
Think Your Retirement Plan Is Bad? Talk to a Teacher
Margaret Jusinski first got to know her investment broker through the breakfasts he provided when he visited her public school in the leafy suburbs of New Jersey, where she teaches middle-school children computer coding and how to build robots made of Legos. After the bagels, muffins and coffee, the broker made his sales pitch — […]
How Good is TSP—the Federal Employees Retirement Plan?
In a recent article, Helaine Olen found something good in Marco Rubio’s campaign: his advocacy that employees without workplace retirement plans be allowed to join the federal employees Thrift Savings Plan. A former financial advice columnist, Olen in her wonderful book Pound Foolish revealingly exposed the hucksters of the financial self-help industry. They make their […]