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Democratic presidential candidates Elizabeth Warren and Bernie Sanders are playing “Dueling Banjos” in the race to present their greatest Tax Hike Hits to the American public. Their current tunes are not only threatens seniors’ income but threaten all of our retirement savings. This means our future retirement security is in danger and too many people do not know it.
The good news is that there are more retirement assets in the United States than ever in our nation’s history - more than $29 trillion. But some of us may have savings gaps in our nest egg. If so, we will be working much longer. But our extended work life can be more productive and creative if we heed some lessons.
It was only a matter of time before the climate change guilt police turned its gaze on our senior community. Recently, The New York Times New Old Age delivered the verdict:
A wise reminder from the old Aesop Fable and it appears Congress is indeed moving forward with pragmatic plans to help Americans improve their retirement savings prospects. Programs such as 401(k)s and IRAs were created to incentivize employees to save for the future but many folks find the products too complicated, intimidating or not available.