February 17, 2016
There is a federal government program. President Obama announced it during his State of the Union speech. I think that was last year.
You have to know as well, unions do conduct pensions for their members.
As you approach retirement, (click here) there are many things to think about. Experts advise that you will need about 80 percent of your pre-retirement income to continue your current quality of life. The exact amount, of course, depends on your individual needs. Some important factors to consider include:
Contact: Nina Smith
Lack of Access to Savings Tools Threatens Millennials’ Retirement Prospects
Less Than Half of Low-Income Millennial Workers Have Access to an Employer-Sponsored Retirement Plan
Washington–In part thanks to the Great Recession, (click here) more Millennials are finding work in industries that offer lower wages and fewer benefits. But we know less about how this is affecting Millennials ability to save and what tools they use to maximize their nest egg for retirement. Today, Young Invincibles is releasing a new scientific opinion poll of 800 Millennial voters (ages 18 to 34 and with an oversample of African-Americans and Latinos) that provides insight into Millennials’ access to retirement plans through work, savings behaviors, and how the generation would spend additional earnings....
There is a federal government program. President Obama announced it during his State of the Union speech. I think that was last year.
You have to know as well, unions do conduct pensions for their members.
As you approach retirement, (click here) there are many things to think about. Experts advise that you will need about 80 percent of your pre-retirement income to continue your current quality of life. The exact amount, of course, depends on your individual needs. Some important factors to consider include:
- At what age do you plan to retire?
- Can you participate in an employer's retirement savings plan, such as a 401(k) plan, or a traditional pension plan?
- Will your spouse or partner retire when you do?
- Where do you plan to live when you retire? Will you downsize, rent, or own you home?
- Do you expect to work part-time?
- Will you have the same medical insurance you had while working? Will your coverage change?
- Do you want to travel or pursue a new hobby that might be costly?...
This is a very significant problem for the country. The American people are impoverished in many instances and even working multiple jobs to make ends meet does not meet with enhanced retirement benefits.
At this point, the Americans over the past two decades have been robbed of their Social Security when they reach retirement. The retirement benefits issued by Social Security is based in the amount contributed over the working years.
As Millennials ask for their report on benefits from Social Security they will see a disaster occurring to their lives as they age. This is like a very bad joke in their lives. It has to be addressed and raising the minimum wage is a good place to start.
As Millennials ask for their report on benefits from Social Security they will see a disaster occurring to their lives as they age. This is like a very bad joke in their lives. It has to be addressed and raising the minimum wage is a good place to start.
