mbeals

5/28/2014 - My, How Times Have Changed in the 401k World (Investing Daily)

In years past, employees had to “opt-in” to their employer’s 401k or 403b retirement plan. But in recent years, more and more companies have started automatically enrolling employees in their organization’s plan unless they specifically “opt-out.” While the change has resulted in more workers saving for retirement – a good thing – leaving the amount… Read more 5/28/2014 - My, How Times Have Changed in the 401k World (Investing Daily)

5/28/2014 - How To Get Social Security's Biggest Bonuses (Forbes)

For most retirees with adequate savings, the best strategy has always been to wait to collect Social Security benefits until either full retirement age — which varies depending on year of birth — or age 70. Read the full article at Forbes.

5/25/2014 - More seniors staying in the labor market, data shows (Pittsburgh Post-Gazette)

In April, 18.9 percent of people over 65 in the U.S. were either working or looking for work, according to the Bureau of Labor Statistics. That level of labor force participation by older workers has not been seen, before the past year, since 1964, a year before Medicaid was signed into law. Read the full… Read more 5/25/2014 - More seniors staying in the labor market, data shows (Pittsburgh Post-Gazette)

5/22/2014 - Silicon Valley workers are saving more than you (CNN Money)

On average, workers in San Jose and San Francisco save close to 15% of their annual pay in 401(k)s — the highest average savings rate in the country, according to a Fidelity analysis of 13 million savers in 100 metro areas. Read the full article at CNN Money.

5/20/2014 - How much are public-sector pensions shrinking? Often, a lot (Reuters)

You’d have to be living in a cave not to have heard that many states are bailing out struggling pension plans by cutting benefits. But how will that affect workers in those states? Researchers who have been sorting through the cuts say the picture isn’t pretty. Read the full article at Reuters.

5/20/2014 - Retirement: Many do-it-yourself investors not engaged (USA Today)

The majority of people are do-it-yourself investors when it comes to managing their retirement savings, according to a large study, out Tuesday. Read the full article at USA Today.

5/16/2014 - Moshe Milevsky on Tontines (Wade Pfau's Retirement Researcher Blog)

I’m writing from a great conference at the Stanford Center on Longevity put together by Steve Vernon and William Sharpe. As always, Moshe Milevsky provided a great and thought provoking presentation. It’s about tontines and their similarities and differences with traditional income annuities (single-premium immediate annuities). I must add that this is my interpretation of… Read more 5/16/2014 - Moshe Milevsky on Tontines (Wade Pfau's Retirement Researcher Blog)

5/13/2014 - Why many retired women live in poverty (CNN Money)

Gender inequality doesn’t end at the workplace. For many women, the gender gap haunts them well into their retirement years, when far more women find themselves living in poverty. Read the full article at CNN Money.

5/10/2014 - 3 Generations Face the Retirement Crisis in America (Wall St. Cheat Sheet)

The retirement crisis in America is not contained to any one generation. Across the country, people of all ages are struggling with stagnant wages, rising living expenses, and an overall sluggish economy. Some are closer to their golden years than others, but one thing is clear: There are three unique generations with very different retirements… Read more 5/10/2014 - 3 Generations Face the Retirement Crisis in America (Wall St. Cheat Sheet)

5/8/2014 - For millennials, retirement beats home ownership (CNBC)

When we think of financial security, the prospect of a home of one’s own is often top of mind. But for millennials, not so much. In a new survey of American adults commissioned by the National Endowment for Financial Education, half the respondents said retirement savings were their top financial goal, and just 13 percent… Read more 5/8/2014 - For millennials, retirement beats home ownership (CNBC)