It’s Not Your Parents’ Retirement

File this one under the Tell-Me-Something-I-Didn’t-Already-Know category: People in the boomer generation face an uncertain future in retirement, and it’s not clear if they can dodge the prospect of outliving their savings. That’s what a panel of experts told a Senate hearing Wednesday. We’re no longer shocked by the notion that our lifestyle in retirement may be less comfortable than that of our parents and grandparents. Nor are we surprised that there doesn’t seem to be much interest in implementing  …

Are Your Electronic Social Security Benefits Safe?

As Social Security paper checks have been replaced by electronic bank deposits, something unexpected and alarming has occurred. Thieves increasingly are stealing beneficiaries’ payments by rerouting them into their own accounts or onto a debit card. Between October 2011 and June 2013, an astounding $28 million in benefit payments have been stolen. On June 19, the U.S. Senate Special Committee on Aging brought together a panel of advocates and victims to examine the issue and figure out what can be …