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Obama’s MyRA Gets Early Go Ahead

Posted on 01/29/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsPresident Barack Obama is moving quickly to make good on his pledge to create a new “starter” savings program for workers without a retirement plan on the job. He announced in his State of the Union speech Tuesday night that he would use his executive authority to establish a so-called myRA (my retirement account) that would allow workers to direct a portion of their pay into an account that invests in government securities. On Wednesday afternoon, he signed a presidential memorandum to …

Dear Abby Weighs In on Older Workers Debate

Posted on 09/9/2013 by | Money and Work | Comments

Money & Savings | Work | Your LifeThe debate over older workers staying on the job longer, and crowding out younger employees, won’t go away. In a recent Dear Abby column, “Disgusted in Columbus, Ohio,” blasted older workers for hanging onto their jobs “so they can live lavish lifestyles” at the expense of younger workers who don’t advance in the workplace, or worse, get laid off. Yet as Dear Abby pointed out, many older adults stay on the job these days just to survive.  During the financial crisis and …