Older Americans have more than doubled their amount of debt over a dozen years, and many of them make ends meet by forgoing home or car repairs and cutting medications in half, according to a new report by the National Council on Aging.
Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress.
En español | Don’t expect boomers to jump into retirement and pursue a life of full-time leisure. Once they leave the workforce, many of them want to, well, continue working — often in an entirely new field.
En español | As Social Security celebrates its 80th birthday, the program remains as popular as ever among all age groups, although some people are skeptical and confused about its long-term financial outlook.