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2/4/2015 - The Secret of Wealthy Older Adults (U.S. News & World Report)

How much do your grandparents (or parents) know about money? The answer might determine how much they have in their bank accounts. That’s the finding of Joosuk Sebastian Chae​, a graduate student at the University of Massachusetts, who presented​ at the Gerontological Society of America’s annual meeting in the District of Columbia in November. Using data from… Read more 2/4/2015 - The Secret of Wealthy Older Adults (U.S. News & World Report)

2/3/2015 - The One Crucial Money Concept Children Need to Learn (WSJ)

Children need to learn about the fungibility of money.  Fungibility–itself a delightfully squishy, marshmallowy term– is defined by Meriam-Webster as “being of such a nature that one part or quantity may be replaced by another equal part or quantity in the satisfaction of an obligation.” In other words, money can be used simultaneously for more… Read more 2/3/2015 - The One Crucial Money Concept Children Need to Learn (WSJ)

1/26/2015 - Why Women Are Worse Prepared Than Men for Retirement (Money)

Women outpace men when it comes to saving, but they need to be more aggressive in their investing. One helpful metric is the data collected from IRA plan administrators across the country by the Employment Benefit Research Institute (EBRI.) The study found that although men and women contribute almost the same to their IRAs on average—$3,995 for… Read more 1/26/2015 - Why Women Are Worse Prepared Than Men for Retirement (Money)

1/26/2015 - Smart ways to save for retirement at every age (USA Today)

Most people worry about having enough money in retirement. But you can roll up a substantial nest egg — even if you don’t make a lot of money during your working years. The keys include learning to budget early in life, sticking with it, saving aggressively during your peak earning years and investing your money… Read more 1/26/2015 - Smart ways to save for retirement at every age (USA Today)

1/25/2015 - To Collect Debts, Nursing Homes Are Seizing Control Over Patients (NY Times)

In a random, anonymized sample of 700 guardianship cases filed in Manhattan over a decade, Hunter College researchers found more than 12 percent were brought by nursing homes. Some of these may have been prompted by family feuds, suspected embezzlement or just the absence of relatives to help secure Medicaid coverage. But lawyers and others versed in… Read more 1/25/2015 - To Collect Debts, Nursing Homes Are Seizing Control Over Patients (NY Times)

1/21/2015 - The keys to starting a business in retirement (USA Today)

More people are starting businesses later in life, says Deborah Banda, AARP‘s interim vice president of the financial security team. “It can be a way to strengthen their financial security, and it can give people great personal satisfaction.” Almost a quarter (23.6%) of new businesses were started by entrepreneurs ages 55 to 64 in 2013,… Read more 1/21/2015 - The keys to starting a business in retirement (USA Today)

1/20/2015 - Retirement Security a Priority in the 2015 State of the Union (Brookings)

In the 2015 State of the Union Address, President Obama made retirement security a priority for his Administration by promoting the Automatic IRA, a retirement savings plan that originated at the Retirement Security Project. The proposals would increase the ability of part-time workers to join their employer’s plan and improve tax incentives for businesses that either… Read more 1/20/2015 - Retirement Security a Priority in the 2015 State of the Union (Brookings)

1/20/2015 - Why Confidence May Be Your Biggest Financial Risk in Retirement (Money)

Managing a nest egg in old age is the most pressing area of financial concern, owing to the broad shift away from guaranteed-income traditional pensions and toward do-it-yourself 401(k) plans. Older people must consider complicated issues surrounding asset allocation and draw-down rates. They also must navigate an array of mundane decisions on things like budgets,… Read more 1/20/2015 - Why Confidence May Be Your Biggest Financial Risk in Retirement (Money)

1/15/2015 - Businesses Try To Stave Off Brain Drain As Boomers Retire (NPR)

In the U.S., roughly 10,000 people reach retirement age every day. And though not everyone who turns 62 or 65 retires right away, enough do thatsome companies are trying to head off the problem. The need is not across the board; not all retirees are in demand. But the older-worker brain drain is a big… Read more 1/15/2015 - Businesses Try To Stave Off Brain Drain As Boomers Retire (NPR)

1/14/2015 - Savings Rates Are Anemic, but a Survey Shows They Are Less Paltry Online (NY Times)

It’s a new year, and an improving job market and plunging fuel prices may help free some cash for consumers, allowing them to set some aside in savings. So, where should you put your money? The best rates on personal savings accounts, according to a new analysis from the financial website GoBankingRates, are generally offered… Read more 1/14/2015 - Savings Rates Are Anemic, but a Survey Shows They Are Less Paltry Online (NY Times)