four
5,087 posts
msg #142513
- Ignore four
modified |
2/28/2018 10:20:05 PM
https://www.theatlantic.com/business/archive/2018/02/pensions-safety-net-california/553970/?utm_source=daily+ar&utm_campaign=e6936d8bb9-rss_email_campaign&utm_medium=email&utm_term=0_c08a59015d-e6936d8bb9-144095773
"The retirement-savings system in the United States has three pillars: Social Security, employer-sponsored pensions or retirement-savings plans, and individual savings. But with the rise of less stable jobs and the decline of pensions, a larger share of older Americans are relying only on Social Security, without either of the two other pillars to contribute to their finances. This by definition means they have less money than they did when they were working:
Social Security replaces only about 40 percent of an average wage earner’s income when they retire, while financial advisors say that retirees need at least 70 percent of their pre-retirement earnings to live comfortably."
https://wolfstreet.com/2018/02/28/a-peculiar-phenomenon-in-the-rental-market-gets-a-lot-more-peculiar/
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Agree or Disagree
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https://www.theatlantic.com/business/archive/2018/02/pensions-safety-net-california/553970/?utm_source=daily+ar&utm_campaign=e6936d8bb9-rss_email_campaign&utm_medium=email&utm_term=0_c08a59015d-e6936d8bb9-144095773
"However, there’s a loophole. By going to a state’s Department of Insurance and requesting a premium increase for an entire “class” of policies—i.e. “all policies issued to people age 55-64 in the year 2003”– rates on insurance that is considered guaranteed renewable can be increased in aggregate. Unfortunately, if you fall into one of those targeted groups of policy owners, your rates can be increased legally."
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