Older Voters May Be Swing Factor in Key Senate Races

Older voters continue to lean Republican in this year’s Senate races, a new survey shows, but there have been significant shifts in seven battleground states from a comparable survey by the same organizations nearly two months ago. Overall, Republicans are on the cusp of gaining the six seats they need to take control of the Senate in the Nov. 4 election, shows the survey, conducted by YouGov of Palo Alto, Calif., for the New York Times/CBS News Battleground Tracker. Alaska. …

A Tale of Two Americas

Today’s sobering statistic: Almost 20 percent of people ages 55 to 64 have no retirement savings. And even among those who have saved, millions are facing a retirement “deficit” – meaning they will outlive their retirement savings by $57,000 on average per household. Why does that matter to the rest of us? Because if millions of older adults haven’t saved enough to be self-sufficient in retirement, they will end up turning to government safety net services – a costly proposition …

New Retirement Savings Plan Is Win-Win for Workers, Businesses

Last week, I sat down with Adrienne Mitchell of MarketWatch to talk about what 57 million American workers lack: a way to save for retirement at work – leaving them with little opportunity to secure their financial future. Just think about this for a minute: For workers who do have access to a retirement savings plan in the workplace, such as a 401(k), this increases their savings rate by 1300%. And, no, that’s not a typo. So, how can we …

A Secure Retirement: American Dream or Pipe Dream?

I often hear from friends and family members that they’re afraid they don’t have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don’t have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up …

Nursing Home Hit With $3.3 Million Negligence Verdict

Every now and then, a jury reaches deep into a defendant’s pockets to punish it for its reprehensible conduct and to deter others from engaging in similar acts. Such was the case in May, when a Colorado jury awarded 83-year-old James Sharon and his family $3.3 million after finding the nursing home entrusted with his care guilty of negligence. Sharon’s injuries included bedsores, skin tears and abrasions, dehydration, malnutrition, and E. coli and urinary tract infections – all because he …

Pensions Are Promises. States Need to Keep Up Their End of the Deal

My Pop, a bus driver in Buffalo, worked until the mandatory retirement age of 70. He and my Mom lived on Social Security along with his modest pension. One Christmas, Pop couldn’t get into the spirit of the season. The next day, he confided that the next year health care premium increases would consume his entire pension check, and then some. I can only imagine how my parents’ lives would have been affected if Pop’s pension had been cut in …