Last week we wrote about the challenges facing black women in saving for retirement, but how many black women benefit from public pensions and the security they provide. Retirement insecurity is a problem for black women of all ages, but …
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Retirement inequality is increasing in the United States and the age of retirement is one dimension of that inequality. While the overall average retirement age for Americans is increasing, that increase is not even across socio-economic status. Less educated workers …
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Retirement has long been a part of the American dream. Throughout the twentieth century, the belief was that after a lifetime of hard work, workers could retire and enjoy their golden years. When defined benefit pensions were still common in …
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Once there was a time in America when retirement meant enjoying your golden years. It could be taking a long-awaited trip, volunteering in your community, or spending time with the grandkids. Retirement, however, did not mean continuing to work. Unfortunately, …
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We’ve spent a lot of time on this blog discussing the plight of working families struggling to save for retirement. It’s a challenge for many Americans to save for retirement with the decline of pensions in the private sector and …
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It’s been 40 years since Congress passed the Revenue Act of 1978. Why is this obscure piece of legislation significant? Because the Revenue Act created Section 401(k) of the federal tax code. Over the past 40 years, the 401(k) provision …
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