Retirement

Lifetime Income, Longevity and Social Security Progressivity

Life expectancy has increased for most Americans in general over time, and life expectancy at retirement has been rising for decades. This has resulted in lengthening periods of retirement and higher…

How Are Baby Boomers Spending Their Money?

For several years, retirement and financial experts have bemoaned the fact that baby boomers and others who should be thinking about retirement saving are nowhere near ready to retire.  One could surm…

How Reforms Would Affect Social Security’s Funding Shortfalls, Total Spending, and Distribution of Benefits and Taxes

Entitlement reform has dominated the ongoing debate over reducing the federal government's persistent deficits and mounting debt. Together Medicare and Social Security account for a third of current f…

The Return(s) to Gold

After Congress repealed the prohibition on owning gold in 1975, the market price shot up to $139 an ounce. Recent concern over the 2008 stock market crash, and doubts about the strength of the dollar…

Mattress Investing Revisited

In the fall of 2008, the Dow Jones Industrial Average fell to its lowest level in five years, prompting even steadfast savers to panic. The average 401(k) account fell 23 percent in 2008, according to…

Medicare Trustees Reports 2010 and 2009: What a Difference a Year Makes

The new federal health care law - the Patient Protection and Affordable Care Act (or ACA) - uses cuts in Medicare to fund additional federal health care spending on nonseniors. The cuts come from redu…

How to Reduce Disability: Lessons from Chile

Disability costs are rising in many countries, including the United States. Disability is the fastest-rising component of U.S. Social Security, growing at nearly twice the rate of retirement benefit s…

How to Keep Seniors Working: Lessons from Chile

American workers live longer each decade but they continue to retire early. They often begin receiving Social Security benefits, quit working and stop contributing to national output well before age 6…