Tag: retirement saving
The proposed legislation could boost lifetime income options in defined-contribution plans. It is great to see the re-emergence of the Retirement Enhancement and Savings Act (RESA) jointly sponsored by Orrin Hatch (R-UT) and Ron Wyden (D-OR). This proposed legislation mirrors a proposal that was approved by the Finance Committee in 2016 but died when Congress…
Abstract The Great Recession has amplified the increase in socioeconomic instability and inequality in the United States. While much work has been conducted on retirement income and assets, not much work has been undertaken on seniors moving in with their adult children and grandchildren, possibly to save on housing costs. Utilizing Survey of Income and…
