I suspect that ALICE made a lot of bad financial decisions and didn’t manage her money well.
Here’s part of the problem:
Tax Burden by State
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494
Minnesota is #7 most heavily taxed state. Financial decisions also depend on where you choose to live.
Right…has nothing to do with tax and other government policies that steal from those least able to afford it. I watched as my Mom was denied her husband’s military pension after he passed, because congresscritters changed laws regarding additional contributions AFTER my stepDad retired. I watched as they decided to tax her Social Security benefits because she continued to work, because she needed the income. Your comment is completely clueless and disgusting!
My Step Dad served well over 25 years and died way too young. His heart gave out after all the tours of duty from Korea to Vietnam and Cambodia … only to also have the stress that his wife would not be cared for by a pension he had expected would be paid.
I was going to say the same thing. Poor decisions or didn’t plan well.
Unlike the Federal Reserve and investment banks…
I totally agree
BINGO!
Many people live well beyond their means which leaves no room for a 401K or IRA to supplement their retirement income.
And that masters degree is not an indication of intelligence, work ethic, work adaptability or ability to manage finance. It simply means she has more political indoctrination than most.