mbeals

7/7/2014 - Time to downsize? Not for baby boomers

In an edited interview, the director of strategic planning for Fannie Mae’s economics group said that though such a wholesale change probably is inevitable, boomers these days show little inclination to leave the single-family home lifestyle that, to an extent, has defined their generation. Read the full article at the Chicago Tribune.  

7/6/2014 - Essential Financial Steps for Young Workers (Wall Street Journal)

For 20-somethings who have recently landed a first job, the logistics of financial independence can seem daunting. Here are some things young workers should be sure to take care of within the first five years of starting out. Read the full article at The Wall Street Journal.

7/3/2014 - New Rules To Help Avoid Outliving Your Money (Forbes)

New 401(k) rules issued yesterday by the Treasury Department may help you avoid outliving your money. And they may be an answer to one of the irrational retirement choices many of us make that I wrote about last summer. It’s the one known by economists as “the annuity puzzle.” Read the full article at Forbes.

7/4/2014 - Some States Look to Fill a Retirement Savings Gap

With more and more retirees at risk, 17 states are examining simple, low-cost plans that would allow workers to direct pretax money from their paychecks to a retirement account. Read the full article at The New York Times.

7/2/2014 - Can Exercise Reduce Alzheimer’s Risk?

Exercise may help to keep the brain robust in people who have an increased risk of developing Alzheimer’s disease, according to an inspiring new study. The findings suggests that even moderate amounts of physical activity may help to slow the progression of one of the most dreaded diseases of aging. Read the full article at… Read more 7/2/2014 - Can Exercise Reduce Alzheimer’s Risk?

7/1/2014 - Treasury allows longevity annuities in retirement plans (InvestmentNews)

The Treasury Department and the Internal Revenue Service on Tuesday morning announced a final regulation updating the required minimum distribution laws to make it easier for purchasers to buy deferred income annuities that start payout as late as age 85. Read the full article at Investment News.

7/1/2014 - 5 Common Mistakes You Make in Your Retirement Planning (U.S. News & World Report)

There is no denying that retirement planning is a complicated undertaking. It’s unsettling to give up a steady paycheck and flip the switch from saving to spending. Due to the complexities of retirement planning, everyone is going to make some mistakes. Read the full article at U.S. News & World Report.

7/1/2014 - Why Our Retirement System Should Be More Like Australia's

The Australian system, with its three-pronged approach, also offers a model for the U.S., especially as the country faces the impending retirement of the baby-boomer generation and the fact that baby boomers, Generation Xers, and millennials are at risk of not accumulating enough cash to sustain their lifestyle as they age. Read the full article… Read more 7/1/2014 - Why Our Retirement System Should Be More Like Australia's

6/27/2014 - Retirement Plans Thrown Into Disarray by a Divorce (NY Times)

The divorce rate among Americans 50 and older has doubled since 1990. Among other life disruptions, it means dramatic changes for retirement plans as assets are divided and individual expenses rise. Read the full article at The New York Times.

6/26/2014 - Aging boomers push up household age

The number of households with someone 65 or older will rise by 10.7 million in the next decade thanks to aging baby boomers. The latest State of the Nation’s Housing report from Harvard’s Joint Center for Housing Studies says 78% of older homeowners intend to stay in their homes, indicating a growing need for home-based… Read more 6/26/2014 - Aging boomers push up household age