News Now
Victory for Unions as Supreme Court Ties 4-4
Many Retirees Face April 1 Deadline to Take Required Retirement Plan Distributions
Taxpayers who turned 70½ during 2015 in most cases must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Friday, April 1, 2016. Read more: https://www.irs.gov/uac/Newsroom/Many-Retirees-Face-April-1-Deadline-to-Take–Required-Retirement-Plan-Distributions
Many Seniors Forced to Travel and Keep Working
Feature about retirement nomads traveling across America in aging RV’s by necessity. They rely on Social Security and minimal pensions and have to keep working seasonal jobs to survive. http://graphics.latimes.com/retirement-nomads/
US women 80% less likely than men to enjoy retirement security – study
A new analysis finds that women are far more likely than men to face financial hardship in retirement. A report released today by the National Institute on Retirement Security (NIRS) finds that across all age groups, women have substantially less income in retirement than men. http://www.nirsonline.org/index.php?option=content&task=view&id=913
Fuzzy Logic Op-Ed: blaming government workers for income inequality?
Author Robert Fellner of Transparent California, which publishes wage and pension figures for state and local agencies, says union-driven government salaries are excessive and come at the expense of struggling taxpayers. He employs vague, circuitous logic and cherry-picked Census Bureau statistics to bash public workers. He ultimately pivots to trashing public retirement plans, claiming they can cost up to 20 times more than what private employers pay. This is the kind of gratuitous assault we often face from free market public pension critics. http://www.sandiegouniontribune.com/news/2016/feb/12/tp-high-public-pay-a-toll-on-others/