Unwise Use a Roth IRA as both an emergency fund and retirement savings? [“Roth IRA can be a backup emergency fund,” Business, Sept. 8.] That is unwise. Folks who take that advice are likely to liquidate investments when the market is down to fix the car. That will lead to disappointment. Disappointment will lead to an abandoned…More
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Long-term care This Grandparents Day (Sunday), it is important that we take a minute to celebrate our aging loved ones and reflect on all the ways we can promote caring across generations. All around the country, including right here in Seattle, groups are organizing storytelling activities and service projects that honor intergenerational relationships, highlight aging with dignity…More
Defined-benefit retirement plans are sustainable The Seattle Times editorial “Replace public pensions with contribution plan” [Opinion, Feb. 28] is wrong. Defined-benefit retirement plans are sustainable. In fact, a well-designed and properly managed defined-benefit plan is a very effective, cost-efficient benefit with less cost to the taxpayer. In Washington, employees pay 50 percent of the cost,…More
Plan would aid economy, threaten power structure Your proposal to shift public-employee pensions out of defined benefit plans and into private 401(k)-like plans makes too much economic sense to ever be adopted [“Replace public pensions with contribution plan,” Opinion, Feb. 28]. As things now stand, the private economy through tax revenue must ultimately support government pensions…More
State figures are also a concern Before The Times publishes articles critical of Norm Dicks’ pension as a retiring U.S. congressman, it should look right here in our own state of Washington [“Congress retirees’ pensions too high?” page one, Feb. 22]. I think you will find many public employees in this state who receive similar…More
Financial security is being challenged for current retirees It’s been a week since Michael A. Fletcher’s article appeared on the front page of The Times, and it still resonates — unpleasantly so — with many, like my wife and me [“Financial outlook grim for future retirees in U.S.,” Feb. 18]. The reality is that the…More
Live more sustainably The page-one headline Feb. 18 was “Financial outlook grim for future retirees in U.S.” and the article talked about being “worse off” that our parents and about declining living standards. We know that our consumption is way beyond anything sustainable. It has been said that the first 50 years we accumulate and the…More