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Retirement USA in the News
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Social Security cuts shortsighted
by Karen Friedman, Newsday, December 02, 2010
This week, members of President Barack Obama's deficit commission recommended draconian cuts to Social Security as part of a package of proposals to reduce the federal budget deficit.
A retirement deficit that's only deepening
by Karen Friedman, Philadelphia Inquirer, November 30, 2010
Op-ed from Karen Friedman of the Pension Rights Center: Social Security reductions would accelerate a crisis.
Anthony Webb, Center for Retirement Research
Washington Journal (C-SPAN), October 30, 2010
Webb discussed the results of a recent study conducted by the non-partisan Boston College Center for Retirement Research that concludes that Americans are $6.6 trillion short of the pension and retirement savings they ought to have today in order to maintain their standard of living when they retire.
Live Poor or Die: The New American Retirement
by James Ridgeway, Mother Jones, October 20, 2010
The very idea of retiring in America had become a mirage–tantalizing, but always sliding into the distance. Those visions of golden years spent playing golf in Tucson or bridge in Boca Raton, promoted by AARP magazine and purveyors of retirement investments, are now nothing more than a chimera for most Americans.
Retirement Plans Get Extreme Makeover
by Joe Mont, TheStreet.com, October 18, 2010
How would you fix America's retirement system? Retirement USA a year ago asked that question in advance of a conference on "'Re-Envisioning Retirement Security" in seeking proposals for an alternate retirement system to replace what its membership says is a failed system of 401(k)s.
Retirement Income Deficit Estimated at $6.6 Trillion
by no byline, ReverseMortgageDaily, October 15, 2010
The gap between what Americans need for retirement and the amount they have saved is a staggering $6.6 trillion according to Retirement USA, a coalition of workers’ groups, said in a study recently published.
Retirement 'Deficit' Measured in Trillions
by Joe Mont, TheStreet.com, October 11, 2010
The financial gap between what Americans need for retirement and what they have is $4.6 trillion as a national aggregate and an average $48,000 per person, according to congressional testimony by the Employee Benefit Research Institute.
Labor Dept. eyes reports of advisers exploiting retirees
by Mark Schoeff, Jr., Investment News, October 10, 2010
The Labor Department is reviewing concerns raised about advisers hired by companies to advise workers about retirement decisions taking advantage of employees when they convert 401(k) money into individual retirement accounts.
How Can We Fix a Broken Retirement System?
by Paul Menchaca, Bank Investment Consultant, October 06, 2010
The American national deficit is the equivalent of the bogeyman we thought was hiding under our beds as children. It’s dark, we’re scared, it may or may not be real and we have no idea when it’s going to attack us.
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