The vast majority of working Americans say it will be more difficult to retire comfortably than it was for their parents’ generation — even as current retirees also suffer brutal economic conditions.
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Biden Campaign Co-Chair Rep. James Clyburn (D-SC) stated that “401(k)s are not about people’s everyday lives.” And “we’ve got to get” people “to see…that inflation today is about 40% of what it was
It’s a pretty terrible sign of the times when a record number of Americans are forced to plunder their 401(k)s.
President Joe Biden’s Labor Department announced Wednesday that it would not enforce a Trump-era rule that barred 401(k) plans from using political considerations when investing employee funds.
A survey released this week from LendEDU reveals that Americans were already on shaky financial ground even before the impact of the coronavirus outbreak.
“They can talk all they want about socialism, all socialism is a method into the poor house,” Trump said.
President Donald Trump welcomed reporters into a White House meeting on tax cuts on Wednesday, but they appeared uncomfortable when he asked them how their 401(k)s were doing.
“Only an idiot would trust the government’s promise not to tax these things again,” Trump campaign economic adviser Stephen Moore said.
The House GOP’s top leader on tax reform said Wednesday that changes to a popular tax break for retirement savings are still under consideration.
President Donald Trump tweeted his opposition Monday morning to changes to tax-deferred retirement accounts that were reportedly under consideration by House Republicans.
The University of California, which dodged funding its public pension contributions for two decades, is again dodging paying cash by borrowing the money to make pension payments.
California’s total public employee pension debt of $2.067 trillion is still climbing fast, but the City of San Diego’s is shrinking after five years of only giving new employees a 401(k).
A vote by congressional Republicans last week ended California Gov. Jerry Brown’s effort to force 6.8 million private sector workers into a “Secure Choice” public-run retirement plan.
Study after study shows that Americans are not saving for retirement like they should, and a new survey finds that nearly one third of people who have some sort of savings plan have amassed less than $1,000 for retirement.
Rapper Snoop Dogg is part of new UnloadYour401K campaign aimed at getting hard-working Americans to call their financial advisers and get rid of any and all investments in gun companies.
