America’s unequal retirement

From NYRB, The rocky road to taking it easy: Jeff Madrick reviews Falling Short: The Coming Retirement Crisis and What to Do About It by Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth; Social Security Works! Why Social Security Isn’t Going Broke and How Expanding It Will Help Us All by Nancy J. Altman and Eric R. Kingson; and Steering Clear: How to Avoid a Debt Crisis and Secure Our Economic Future by Peter G. Peterson. Teresa Ghilarducci on America’s unequal retirement: One of the cruelest manifestations of widening inequality happens in life's final quarter. Americans aren’t saving enough for retirement, but one change could help. From Vox, a look at how raising Social Security's retirement age is a disaster for the poor; and how raising the Social Security retirement age really does hurt the poor the most. Helaine Olen on the semi-retirement myth: Don’t buy the tales of meaningful work into your 70s — your retirement is inevitable and bleaker than the last generation’s. Retirement crisis: Kelley Holland on how the great 401(k) experiment has failed for many Americans. The companies that manage trillions in retirement savings like to keep their disputes behind closed doors, but online wealth management startups entering the market have brought with them a tech industry tradition: smack-talking blog posts. Is Wall Street robbing New York’s pension funds? Bryce Covert on how Wall Street siphons billions from retirees — and gets away with it. These rules could stop financial advisors from siphoning billions from Americans’ retirement every year.