Posts filtered by tags: Teresa Ghilarducci[x]


Confronting Four Reverse Mortgage Misconceptions

An opponent of reverse mortgage products recently wrote two columns at Forbes discussing reasons that the business should be avoided, and that potential borrowers searching for ways to fund their retirements would be better served by exploring other financial options. RMD reached out to Professor Teresa Ghilarducci from The New School’s department of economics to expand on the points she made in a January Forbes article saying that reverse mortgages are “a bust” because a senior’s average hom...
Tags: Featured, Education, Finance, United States, Social Security, Forbes, CFPB, U S Census Bureau, Consumer Financial Protection Bureau, New School, Teresa Ghilarducci, John Lunde, Lunde, Boston College Center for Retirement Research, The New School, Reverse Market Insight

Forbes Offers Reasons to Avoid Reverse Mortgages

There are at least four major reasons that potential borrowers should avoid taking a reverse mortgage, according to economics professor Teresa Ghilarducci of The New School based in New York, N.Y. in a new column at Forbes. While admitting that reverse mortgages may work for some, she says that is not true of everyone. However, at least one reverse mortgage expert finds flaws in the reasoning behind some of the stated points. The first of her stated reasons to avoid reverse mortgages revolves...
Tags: New York, Featured, Education, Finance, Data, Forbes, New School, Teresa Ghilarducci, John Lunde, Lunde, The New School, Reverse Market Insight, Ghilarducci, Forbes While

Volatile stock market spooking some older workers, retirees

By Andrew Soergel, The Associated Press The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. There’s no indication, though, that the recent volatility has brought about large-scale overhauls in retirement planning. “There’s a lot of fear that if you have another event like 2008 and you retire the year before or the year after, you’re screwed. I’m not taking that risk,” says Mar...
Tags: Washington, Sport, Ap, Soccer, Associated Press, Federal Reserve, Donald Trump, Patterson, Pew Research Center, Baby Boomer, Nashville Tennessee, Bankrate, NORC, Teresa Ghilarducci, Andrew Soergel, Mark Hamrick

Billionaires Celebrate Their Own Social Security Freedom Day

Ninety-four percent of us pay into Social Security from every paycheck we receive. A few of us stop paying into Social Security in the first few working hours of the year. The "Tax Freedom Day" Scam Every year you hear a lot about Tax Freedom Day. This is the day the public supposedly has "earned enough money to pay its total tax bill for the year." According to the Tax Freedom Day website: "Americans will collectively spend more on taxes in 2016 than they will on food, clothing, and housing com...
Tags: News, America, Social Security, Huffington Post, Exxon, Rex Tillerson, Institute for Policy Studies, Trump Putin, Dave Johnson, Teresa Ghilarducci, New School for Social Research, Campaign for America s Future CAF, Tax Freedom Day

Who is Finished Paying their 2017 Social Security Taxes? Probably Not You.

by Teresa Ghilarducci and Alex Pavlakis Though 94 percent of us (about 151 million workers) will pay our Social Security tax every paycheck in 2017, a handful of the highest income Americans will stop paying before you finish reading this blog. The over $2 trillion dollars of earnings that escape Social Security tax are an accident caused by the lopsided growth of income for the lucky few (about 9.6 million) earning over $120,000 or so per year. The tax rate for Social Security (old age surviv...
Tags: News, Congress, America, Social Security, Medicare, Mars, Huffington Post, Urban Institute, Karen Smith, Center for Budget and Policy Priorities, Waltons, Teresa Ghilarducci, OASDI

Is Trump's Carrier Deal a Good Plan for Good Jobs?

by Rick McGahey and Teresa Ghilarducci On December 8, a month after the election, President-Elect Donald Trump used Twitter to attack a white male steelworker - a representative of the voting block that tipped the election in his favor. For his part, Chuck Jones, president of United Steelworkers Local 1999 in Indianapolis, started the fight by calling the President-elect a liar. Jones claimed that only 800 Carrier heating and air conditioning jobs would not be moving to Mexico, rather than the...
Tags: News, Mexico, Indiana, Indianapolis, United States, Ohio, Donald Trump, Huffington Post, Jones, Trump, Mike Pence, Chuck Jones, Michael Greenstone, Federal Reserve Bank of Minneapolis, Rick McGahey, Teresa Ghilarducci

A Concerned Billionaire Develops a Plan for Retirements

The president of Blackstone teamed up with a labor economist to help average Americans create secure nest eggs for their postwork lives.
Tags: Retirement, Finance, Blackstone, Peterson, Teresa Ghilarducci, Pensions and Retirement Plans, The Blackstone Group, Peter G

A Better Way to Fix Social Security

Statement by Alan Reuther, former legislative director for the United Auto Workers and Teresa Ghilarducci, director of SCEPA's Retirement Equity Lab at The New School. Reuther and Ghilarducci are members of the Bipartisan Policy Center's Commission on Retirement Security and Personal Savings. The Bipartisan Policy Center's (BPC) Commission on Retirement Security and Personal Savings released a . In their work, the Commission rightly identified a pressing national crisis. If we don't take acti...
Tags: News, Social Security, Commission, Blackstone, Huffington Post, Better Way, United Auto Workers, Teresa Ghilarducci, Fix Social Security

Clinton Could Make Your 401(k) Plan Worse

One of the reason why Presidential candidate Sen. Bernie Sanders is resonating with many voters is because he's taking on Hillary Clinton's ties to Wall Street. While Clinton is promising to get tough on corporate wrongdoers and shadow banks, her campaign is accepting contributions from a Wall Street firm known as one of the country's biggest shadow banks. Last December, the president of Blackstone Group, Tony James, hosted a fundraiser for Clinton--just two months after the private-equity gian...
Tags: Australia, Mexico, Spain, Hungary, Bureau of Labor Statistics, Hillary Clinton, New Jersey, Social Security, Poland, Denmark, Morgan Stanley, Blackstone, Huffington Post, Securities And Exchange Commission, Tpg Capital, Clinton

Teresa Ghilarducci: How to Retire with Enough Money

No Gimmicks. No Magical Thinking. Just Solid Advice from an Expert on Retirement, Pensions, and Personal Savings.
Tags: Careers, Teresa Ghilarducci

Bill Clinton's Out of Touch Economically -- and That's a Big Deal

He's eloquent, he's popular ... and he's out of touch with the daily lives of most Americans. Bill Clinton's economic worldview spells trouble, both for a party that's still reeling from defeat and for a nation where millions of people struggle just to make ends meet. Hillary Clinton, the heavily-favored contender for the Democratic nomination, has made Bill's presidency and her role in it an essential part of her resume. But "Clintonism," the Wall Street-friendly economic ideology of a bygone e...
Tags: Obama, Obama Administration, US, Hillary Clinton, Bill Clinton, Social Security, Citigroup, Treasury, Paul ryan, John Boehner, Medicare, Goldman Sachs, Bill, Republican Party, Hillary, Lloyd Blankfein