Moms Rising: Presidential candidate Hillary Clinton made specific proposals to help caregivers and expand certain aspects of Social Security.Continue Reading
The Hill: Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) are teaming up on a bill that would hand Social Security recipients a $580 check and pay for it by trimming tax perks for corporate executives.Continue Reading
New York Times: Just over 10 years ago, researchers at the University of Michigan added three questions to their Health and Retirement Study, a biennial survey of Americans over 50.Continue Reading
The California Secure Choice Retirement Savings Program was established through legislation enacted in 2012 (Senate Bill (SB) 1234, Chapter 734). SB 1234 created the California Secure Choice Retirement Savings Trust to receive, invest and payout the retirement contributions of participating employees. The trust will be administered by the nine-member California Secure Choice Retirement Savings Investment Board.Continue Reading
New York City Comptroller Scott Stringer unveiled a new plan to regulate financial advisers, the first of its kind, that tries to protect the average investor from advisers who don’t have to put their clients’ best interests first.Continue Reading
The First Annual Manage Your Money Week was a huge success!
During the week of October 18-25, more than 135 financial education events took place around the state – with 59 cities in 29 counties having at least one event. Nearly two hundred organizations participated, which included state and local government agencies, non-profit organizations, unions, schools, libraries, and financial institutions. From Tehama to San Diego County, hundreds of Californians attended events and increased their financial and money management knowledge.Continue Reading
Millions of Californians are heading into retirement without enough savings or income, with diminishing job prospects, and no place to turn. Senior poverty, once a social problem in retreat, is now roaring back – and California is at the forefront in this new era of retirement insecurity.Continue Reading
For a secure retirement, workers need Social Security as well as retirement savings to supplement Social Security. Employer sponsored retirement plans provide the best vehicle for retirement savings because they provide a practical and efficient way for workers to save consistently. However, almost half of Americans who were working in 2011 were not offered a retirement account at work.Continue Reading
The report, The Continuing Retirement Savings Crisis, examines the readiness of working-age households, based primarily on an analysis of the Survey of Consumer Finances from the U.S. Federal Reserve System. The study analyzes workplace retirement plan coverage, retirement account ownership, and household retirement savings as a percentage of income, and estimates the share of working families that meet financial industry recommended benchmarks for retirement savings.Continue Reading
A new nationwide public opinion research report finds that an overwhelming majority of Americans – 86 percent – believe the nation faces a retirement crisis.
These findings are contained in a new research report, Retirement Security 2015: Roadmap for Policy Makers |Americans’ Views of the Retirement Crisis.Continue Reading