Social Security
It is going to be a busy fall for legislators and regulators dealing with retirement policy.
Congress is to consider separate bills that reform the finances of both Social Security and struggling pension plans. Another bill that expands retirement saving options also will be on the legislative docket. Meanwhile, several states and professional groups will be working to toughen ethical standards for financial advisers.
Here's a roundup of the central issues likely to make headlines during what remains of 2019.
When Rep. John Larson, D-Conn., travels the country to talk about his plan for Social Security reform, he often holds up a Starbucks coffee cup.
The cost of that latte — about $4.50 — could also cover nine weeks of Social Security payments if you're making $50,000 per year, Larson said he points out to seniors on those visits.
When it comes to Social Security benefits, women and minorities tend to receive less money.
That means those individuals have a greater chance of retiring into poverty or grappling with financial instability if they become disabled. That also affects their families, who often receive less in dependent or survivor benefits.
Congressional Democrats took to the Hill on Wednesday promising to change that. Their message was the latest push as part of the proposed Social Security 2100 Act, led by Rep. John Larson (D-Conn.).
