CHICAGO When you hear a politician start a sentence with the phrase "We’re all living longer," grab your wallet. You are about to be told that Social Security or Medicare benefits should be cut because of America’s rising longevity.
(In this Feb. 2 story, changes the description of taxes to payroll from property in paragraph 8)
The Republican-controlled Congress took aim this week at states that are creating retirement saving programs for workers who do not already have 401(k)s through their jobs. Seven states - including populous California, Illinois and Maryland - are implementing government-sponsored auto-IRA plans, and another 30 are considering their own, according to AARP, which has been supporting and tracking the initiatives.
WASHINGTON Let’s hear it for unhealthy retirement advice!
CHICAGO The marketing come-ons of broker-dealers and insurance companies send this message: "We are financial advisers you can trust." But dig through court documents and the same companies argue something quite different: "We are just sales people."
CHICAGO In his farewell address last week, President Barack Obama quoted something his mother used to tell him: “Reality has a way of catching up with you."
CHICAGO Newly empowered Republicans in Washington are not retreating from their battle to overturn a new regulation that protects retirement savers from conflicted investment advice. But for the public, the battle is winding down - and the regulators are winning.
CHICAGO Anyone nearing retirement - or already retired - should pay very close attention to the doings of the 115th Congress that was sworn in this week.
CHICAGO Debates about improving America’s infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors.
CHICAGO (The opinions expressed here are those of the author, a columnist for Reuters.)
ATLANTA U.S. Democrats elected former Labor Secretary Tom Perez as chairman on Saturday, choosing a veteran of the Obama administration to lead the daunting task of rebuilding the party and heading the opposition to Republican President Donald Trump. | Video