mbeals

8/4/2014 - The Great Retirement Account You’re Not Using (Money Magazine)

Roth 401(k)s are showing up in more workplaces, but only about 10% of eligible workers saved in one last year. That’s a big mistake. Read the full article at Money Magazine.

8/4/2014 - Wealth gap stretching into retirement (The Columbian)

With traditional pensions becoming rarer in the private sector, and lower-paid workers less likely to have access to an employer-provided retirement plan, there is a growing gulf in the retirement savings of the wealthy and people with lower incomes. That, experts say, could exacerbate an already widening wealth gap across America, as more than 70… Read more 8/4/2014 - Wealth gap stretching into retirement (The Columbian)

8/1/2014 - Retirement Savings: How Much Is Enough (Investor's Business Daily)

A new study from the Boston College Center for Retirement Research (CRR) finds that 50% of working families won’t have a big enough nest egg to maintain their standard of living in retirement. Read the full article at Investor’s Business Daily.

7/31/2014 - Social Security is in crisis (MarketWatch)

The 2014 Social Security Trustees report showed a continuation of the current trend toward insolvency of both of its trust funds. As in the previous two years, the Trustees estimate that Social Security’s combined retirement and disability trust funds will become exhausted in 2033, less than 20 years from now. Read the full article at… Read more 7/31/2014 - Social Security is in crisis (MarketWatch)

7/31/2014 - Many Reasons to Offer 401(k)s (Including Owner’s Retirement) (NY Times)

While the share of small businesses offering 401(k) plans has picked up since 2008 — when just 10 percent offered the benefit — 401(k) plans are still the exception at small companies. Just one in four firms with 50 or fewer employees has such a plan in place, according to Capital One’s ShareBuilder 401k. Read… Read more 7/31/2014 - Many Reasons to Offer 401(k)s (Including Owner’s Retirement) (NY Times)

7/29/2014 - Targeting scams against the elderly (Washington Post)

The fallout from the Great Recession, plus continued job insecurity and a seesaw stock market, have all contributed to people’s fears that their money won’t last. And this makes them vulnerable to investment scams promising better returns. Read the full article at The Washington Post.

7/27/2014 - Retirement: 5 Things You're Doing Wrong (Forbes)

You work hard, you try to save. Why does retirement seem so out of reach? The problem is psychological. You probably save more than most, but do you know it’s enough? You also probably have a good idea of what you need to retire, but are you sure? Read the full article at Forbes.

7/25/2014 - Can Financial Advisors Protect Aging Clients From Financial Abuse? (Forbes)

In his recent WSJ article, wealth advisor Paul Hynes raises this question.  He points out that financial advisors are in a unique position to observe their clients over years, sometimes decades and they know their clients’  normal patterns and general life situations. Read the full article at Forbes.

7/25/2014 - 6 ways a new tax law benefits a sustainable retirement (MarketWatch)

Every now and then the Department of the Treasury and IRS surprise us with taxpayer-friendly legislation that addresses pervasive retirement income planning concerns. Read the full article at MarketWatch.

7/28/2014 - People Who Feel They Have A Purpose In Life Live Longer

We know that happiness and social connection can have positive benefits on health. Now research suggests that having a sense of purpose or direction in life may also be beneficial Read the full article at NPR.