Archive: Siyan Liu
Social Security was designed to replace wages for those no longer working, so claiming Social Security benefits is often used as a simple proxy for retirement. However, trends in employment at older ages cast some doubt on this assumption: many households over 65 report labor earnings as well as Social Security income, indicating that a…
The most effective way to save for retirement is through a workplace-based retirement plan, but many workers lack access to one. To help close this gap, a number of states have adopted programs that require employers without a plan to auto-enroll their workers in an Individual Retirement Account (IRA). These accounts use the Roth structure,…
