retirees

More New Retirement Account Proposals

Posted on 02/5/2014 by | Washington Watch | Comments

Bulletin Today | PoliticsAmericans are way short in their retirement savings, and President Obama’s MyRA plan, which he unveiled last week, isn’t the only new proposal that aims to help with that problem. Sens. Susan Collins, R-Maine, and Bill Nelson, D-Fla., also offered a savings plan. Sen. Tom Harkin, D-Iowa, has one of his own, which follows a report he released last summer. Of these three proposals, Harkin’s is the most ambitious. His Universal, Secure and Adaptable (USA) Retirement Funds would create a …

Give Today’s Retirees a ‘D’ — for Debt

Posted on 01/22/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsWhat’s quickly eating up a growing share of retirees’ money these days? Not health care, as you might expect, according to a new report by the National Center for Policy Analysis. Over the past 20 years, a greater percentage of older Americans’ dollars has gone to servicing debt, particularly mortgage and home equity loans, the “free market” think tank says. It used government data to compare the spending habits of today’s retirees with those of their predecessors, finding, for instance, that 20 …

Is Detroit Obliged to Fulfill Its Pension Promises?

Posted on 07/25/2013 by | General News | Comments

Bulletin Today | Money & SavingsBy David A. Lieb of The Associated Press As the once-proud city of Detroit humbles itself in bankruptcy court, its financial future may hinge on this key question: Is the city obliged to its past? Or can Detroit renege on its promises to thousands of retirees for the sake of its present city services? The legal question at the heart of Detroit’s bankruptcy filing has never definitively been answered by the nation’s highest courts. But it could become increasingly important …

Are Immigrants a Drain on Medicare? The Truth May Surprise You

Posted on 05/30/2013 by | Health | Comments

Bulletin Today | PoliticsBy Jordan Rau, Staff Writer, Kaiser Health News As Congress mulls changing America’s border and naturalization rules, a study finds that immigrant workers are helping buttress Medicare’s finances, because they contribute tens of billions a year more than immigrant retirees use in medical services. “Immigrants, particularly noncitizens, heavily subsidize Medicare,” the researchers wrote in the journal Health Affairs.  “Policies that reduce immigration would almost certainly weaken Medicare’s financial health, while an increasing flow of immigrants might bolster its sustainability.” The …

Are You Planning to Work Into Your Retirement Years?

Posted on 05/24/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsThree-fourths of employed adults plan to keep working past retirement age, many because they want to, according to a new Gallup poll. “‘Retirement’” once connoted a lifestyle free from the demands of work, but also reliance on personal savings and Social Security,” Gallup noted. “Both of those impressions may change if Americans carry through on their intent to continue working, at least part time, after reaching retirement age.” And that could be a good thing, according to Gallup. “While this …

A Retirement Reality Check, Courtesy of Gallup

Posted on 05/23/2013 by | Who's News | Comments

Bulletin Today | Money & SavingsThinking about your eventual retirement? If you’re relatively well-off, you’re probably confident that your tax-deferred savings will provide your major source of income. But if you’re at the other end of the income ladder, you’re more likely to count on Social Security benefits to tide you over. Those are some of the findings of a newly released Gallup poll that reveals glaring contrasts between how nonretired Americans from different income levels expect to fund their retirement years. The key takeaways: Among …