Tag: retirement

African american woman saves money in piggy bank with a confident expression on smart face thinking serious

Retirement, as portrayed in TV commercials, is the time to indulge a passion, whether tennis, enjoying more time with a spouse, frequent socializing, or civic engagement. Boston University sociologist Deborah Carr isn’t buying this idealized picture of aging. “This gilded existence is not within the grasp of all older adults,” she argues in “Golden Years?…

Portland, Oregon Old Town neon sign.

About a third of retired households end up relying almost exclusively on Social Security, because they didn’t save for retirement. Social Security is not likely to be enough. To get Oregon workers better prepared, the state took the initiative in 2017 and started rolling out a program of individual IRA accounts for workers without a 401(k)…