retirement savings

This morning Carolyn Maloney,vice chair of the Joint Economic Committee released a report, Retirement Insecurity, meant to coincide with the 84th anniversary of the signing of the Social Security Act. The report shows that, while Social Security has been successful in preventing millions of Americans from falling into poverty, the two other pillars of America's retirement system are in crisis: personal savings and pensions.

On Thursday we looked at how the Trump-Ryan tax cuts for the rich will be toxic for Republicans in states where the elimination of the federal deduction for state and local taxes is significant and will mean as much as $20,000 annually flowing from the bank accounts of middle class taxpayers into the bank accounts of multimillionaires and billionair