9 posts categorized "Social Insecurity" Feed

By James W. Russell | Democrats, looking forward to possible Congressional and White House victories in 2020, have embraced expanding Social Security after years of defensively fending off privatization and cutback threats. The Social Security 2100 Act, with 209 co-sponsors, is waiting in the wings. It would make needed revenue increases, including raising the cap on labor income taxed, to stabilize Social Security’s finances for seventy-five years. It would also mildly expand benefits. Read more →


By James W. Russell

The ad from TIAA-CREF, the company that administers university and other retirement plans, which ran alongside my Yahoo inbox was too enticing to ignore. I clicked on the bait: “You could get ninety percent of your income and maintain your lifestyle in retirement.” The click brought me to another eye-catching claim: “On average, participants in TIAA-administered plans are on track to replace over ninety percent of their income in retirement.” These were eye-catching claims because I had been in TIAA for over thirty-five years and would be replacing nowhere near ninety percent of my preretirement income. Nor would anyone else I knew who was in TIAA. Read more →


Beacon Broadside: A Year in Review

As 2014 comes to a close, we look back at some top Beacon Broadside posts, as well as a few overlooked gems. Read more →


In a recent conversation with New Books in Sociology, James W. Russell, author of 'Social Insecurity: 401(k)s and the Retirement Crisis', outlined the inadequacies of the 401(k) system and explained alternatives for Americans who want to maximize their benefits and live comfortably in retirement. Read more →