We all know how unprepared Americans are as a whole are for retirement. Just google “retirement crisis.” The statistics are ugly. There are too many reasons to list as reasons why many Americans do not have enough money saved for retirement. Stagnant wages coupled with rising life expectancies, healthcare costs, tuition costs, and housing costs all surely contribute.
NYC Public Advocate Letitia James estimates that, across New York state, 3,700 businesses close each year as a result of the owner’s retirement, resulting in 13,260 lost jobs a year. In a new policy brief last week, covered by Crain’s New York, James advocates for what she calls a “proven strategy to retain jobs and
There have been scarier markets, but have there been weirder ones? How you should cope. Each year brings its own set of tests to your retirement plan, whether from stock market volatility, politics, the strength of the economy. But this year seems to carry an extra dose of uncertainty. How can you adjust your retirement