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Americans, behind in the race to build retirement savings, take steps to catch up
Headline: Americans, behind in the race to build retirement savings, take steps to catch up
Publication: USA Today
Article Date: Sep 23, 2019
“Americans are behind in the race to save enough for retirement, but they’re finally doing something about it, a new survey shows. Baby boomers are willing to scale back vacations. Generation Xers are poised to downsize homes. And millennials say they’ll hit downtown restaurants and clubs less often.” Read article…
Financial Advisors Wonder Why DOJ Wants To Quash New Retirement-Savings Plans
Headline: Advisors Wonder Why DOJ Wants To Quash New Retirement-Savings Plans
Publication: Financial Advisor
Article Date: Sep 20, 2019
“The U.S. Department of Justice is backing a lawsuit that seeks to invalidate the new California state retirement plan. The move is a head scratcher for many financial advisors, who say the CalSavers plan is not only creating future advisor clients who have well-funded retirement plans, but immediately provides an affordable, low-maintenance 401(k) option to employers, while forcing all employers with five or more employees to offer a plan by 2022.” Read article…
County adopts regional plan to bulk up services for seniors
Headline: County adopts regional plan to bulk up services for seniors
Publication: The San Diego Union-Tribune
Article Date: Oct 1, 2019
“County supervisors recently adopted a comprehensive regional plan, dubbed the “Aging Roadmap,” intended to meet the needs of older adults in the region and keep seniors in their homes as long as possible.” Read article…
Who Goes Bankrupt in America? Increasingly, the Elderly
Headline: Who Goes Bankrupt in America? Increasingly, the Elderly
Publication: MSN
Article Date: Aug 18, 2019
“The elderly are far more visible in U.S. bankruptcy courts these days than in previous generations. Baby boomers 65 and older are racking up far higher levels of debt than their parents, who were raised during the Great Depression, and a growing minority are finding themselves tipping from desperate financial trouble into bankruptcy.” Read article…
California pension mistakes would cost cities — not retirees — under proposed law
Headline: California pension mistakes would cost cities — not retirees — under proposed law
Publication: Sacramento Bee
Article Date: Sep 6, 2019
“Retired California public employees who have received extra retirement income by mistake could be protected from having their pensions reduced under a proposed state law. The proposal targets the mistakes public employers such as cities and schools sometimes make when they calculate workers’ pensions. Senate Bill 266, sponsored by Sen. Connie Leyva, D-Chino, would put the burden of paying for those miscalculations on the public employers.” Read article…