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 …

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 …

Give Nurses More Authority to Heal

National Nurses Week comes to a close today, and I am reminded of my mom’s nurse, Sue. As my parents got older and Pop became Mom’s caregiver, they needed more help. Sue came once a week for the months following Mom’s return home from a rehabilitation center. She checked on Mom’s health and trained Pop on how to care for Mom during the week.  I am still so grateful for Nurse Sue and all that she did. She was one of …

Why Oscar Nominee ‘Nebraska’ Has Already Won

I saw Nebraska over the holidays with my boyfriend and his mom and my mom. It was a rather odd double date, come to think of it, but this isn’t about that. The movie just got me to thinking. There’s an important message in Nebraska, particularly in the relationship between David (Will Forte) and his father Woody (Oscar contender Bruce Dern). When Woody says he won a million dollars and has to travel 800+ miles to collect the prize, his …