Search by...
- Keyword
- Title
- Author
- Subject
- Publisher
Results should have...
- All of these words
- Any of these words
- This exact phrase
- None of these words
Keyword searches may also use the operators
AND, OR, NOT, “ ”, ( )
AND, OR, NOT, “ ”, ( )
Empty Pockets
Beginning of article
Addressing the drought in American rainy day savings rates * by Kelly Pike
Fists are flying in the battle to reform Social Security. The debate over privatized accounts, increased taxes and adjusting benefits have yet to find a consensus in the halls of Congress or the realm of public debate. But there is one thing everyone can agree on-Americans are not saving enough for retirement.
Three-fourths of workers age 55 to 64 have less than $56,000 saved for retirement, according to U.S. Census Bureau. Forty-two percent of workers cash out their 401(k)s rather than transfer or "roll over" the assets to an IRA or a new employer's retirement plan, according to Hewitt Associates, …
