piggy bank and calculator

Three in 10 local households have no retirement savings, records show

Via Bucks County Courier Times

By James McGinnis

Thousands of families in Bucks, Burlington and Montgomery counties have no pension, 401(k) or individual retirement accounts, federal data shows

Tony Mallozzi just won’t die. And his longevity is getting expensive.

“I’ve been retired for 20 years now,” said the 74-year-old from Sellersville. “I never expected to live this long.”

Tony stopped working after a heart attack. But he never anticipated the advances in cardiac care, which keep his heart ticking. And he never calculated for paying the property tax bills, which go up and up.

In spite of it all, Tony knows he’s among the lucky ones. He retired with a pension

Read the full story here.

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