News and perspective on public policy issues affecting Washington's economy and quality of life, brought to you by the Economic Opportunity Institute.
A new report from AARP shows that the majority of boomers (age 45-64) in Washington state are worried about their future finances in retirement. In the report, over half of respondents reported anxiety when thinking about their future finances, with women (64%) reporting a significantly higher level of anxiety than men (48%). Many of the […]
What makes an economy grow? Don’t forget to add retirees to the list – especially those who have pensions. Business start-ups, a prosperous middle class, high-quality schools, and good infrastructure come to mind as engines of economic growth. But Washington’s retired teachers, firemen, police officers and other public servants – who comprise 2% of the […]
New fee disclosure requirements for 401k plans are just around the corner – that’s good news for everyone who wants to save You can’t see them easily, but chances are they’re eating away at the money you’ve been putting away for years. I’m talking about hidden fees in 401K plans, long the bane of good […]
Part 1 | Part Two Working Americans and their employers each pay 6.2% on the first $110,100 of earnings into Social Security. Those payments insure 159 million workers and their families from loss of income due to disability, premature death, or retirement. They also fund benefits averaging $1,125 monthly for 56 million Americans, including:[i] Retirees age 62+. […]
