Americans are not expecting to retire until much later in life according to a new Gallup poll. Since the recession started the number of people who don’t think they will retire until they are past age 65 has increased significant. From Gallup: I look at this trends and see a sad expression of the breakdown of the [...]

The real problem with Medicare and Social Security is not that they are too generous, but that they are too stingy. There is currently a slowly unfolding retirement crisis. The move away from defined pension programs to 401(k)s is now starting to bear fruit in the form of a generation of older Americans who lack [...]