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 …

States Start Shifting Focus to Help Seniors Live Independently, at Home

“We need to ‘spring’ your mother,” Pop, who loved prison movies, told me over the phone while asking me to come home that weekend. Mom had been in a rehabilitation center for two weeks following a bad fall and a hospital stay. Both she and Pop were ready for her to go home. My mom and pop, like most Americans, wanted to stay in their home and community as they aged. Pop became the primary family caregiver for Mom, and …

‘No Finer Place for Sure’ – Go Downtown

Guest post by Dan Burden: If you’re a boomer, the word “downtown” – and especially Petula Clark’s 1964 hit song “Downtown” – evokes many images and feelings. “Linger on the sidewalks where the neon signs are pretty,” she sings. “The lights are much brighter there. You can forget all your troubles, forget all your cares. So, go downtown.” I recall from as early as 8 years of age my sense of independence and pride in going to downtown Columbus, Ohio, …

26 States With a Big Health Coverage Gap

This week, Health Insurance Marketplaces opened in states across the country.  It’s true: Many more Americans will now have access to affordable health care.  But, other hard-working people, who live in states that have not yet committed to expanding Medicaid, will fall into a new coverage gap. That’s right: In the 26 states that have not accepted federal funding to expand Medicaid, adults who earn up to $15,000 a year will not qualify for any type of subsidy through the …