How Seniors Can Make Their Retirement More Secure in Andover & Lawerence, MA by Kathy July 27, 2010
Here is an article that I found and wanted to pass along to you. For more assistance with an aging loved one in your life visit our website at http://www.rightathomemass.net/.
Committee on Aging Gathers Opinions on How Seniors Can Make Their Retirement More Secure
Helping older Americans find a way to make their retirement more secure with a lifetime income was the goal of a hearing of the Special Committee on Aging. Chairman Herb Kohl (D-WI) brought together expert witnesses from government, industry and the non-profit sectors to take a close look at the decisions seniors must make in a defined contribution world to ensure they can have a secure retirement after a lifetime of hard work.
“So far, the focus of most of our education efforts have been on encouraging people to save, but we have done little to help the average retiree make the difficult choices about how to make their savings last,” said Sen. Kohl at the June 16 hearing.
“With Americans living longer, the stakes are high for not adequately managing one’s savings.”
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