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The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That’s wrong, and that’s why the double tax on Social Security must end (Retirement Savings Quotes)
There’s been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it’s time to get rid of a tax that punishes seniors and discourages work and retirement savings (Retirement Savings Quotes)
Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money (Retirement Savings Quotes)
No one anticipates divorce when they’re exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts. (Retirement Savings Quotes)
Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements (Retirement Savings Quotes)
Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors (Retirement Savings Quotes)
Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare (Retirement Savings Quotes)
Social Security is not a retirement savings plan; it is a social insurance program. It’s a contract that says, as a society, we will look out for you and your family when you can no longer work (Retirement Savings Quotes)