President Pushes for New Pension Savings, Job Programs

In his State of the Union address on Jan. 28, President Barack Obama proposed a new retirement savings plan, called for more efforts to create jobs and outlined other measures that could benefit older Americans. Acknowledging that Social Security often isn’t sufficient and that many workers don’t have pensions, Obama described plans for a new type of IRA, called MyRA, to be created by the Treasury Department. “It’s a new savings bond that encourages folks to build a nest egg,” …

Equal Pay for Women? Sure. After You Retire.

Most of us now working will be long retired before equal pay for men and women is a common practice. In 2058 – yep, 45 years from now – the gap in paychecks is expected to cease between men and women employed in the same occupations. That’s according to projections from the Institute for Women’s Policy Research, a think tank in Washington. If you’re feeling a little impatient, ladies, here’s why. For the last five years or so, when you …