How To Save For Retirement? Tips For Saving Early To Avoid Stress About What To Do When Reaching Retiring Age
Fewer than half of Americans know or have figured out how much they need for retirement – a scary thought when taken into consideration that the typical American spends about 20 years in retirement.
Shortfalls sabotage promise of union retirees’ pensions
Once considered sacrosanct, many retiree pensions may no longer be secure. A change in federal law passed last year with bipartisan support would allow struggling union pension funds to cut benefits for retirees younger than 75 by as much as 60 percent.