mbeals

12/10/2013 - Millennials value job security more than baby boomers do, survey says (LA Times)

Young workers care more about job security than their elders do, according to a new survey comparing what millennials, Generation Xers and baby boomers value in a job. The new survey, part of a larger report on millennials, gender and the workplace released Wednesday by the Pew Research Center, defies popular perceptions of millennials as… Read more 12/10/2013 - Millennials value job security more than baby boomers do, survey says (LA Times)

12/5/2013 - Those pension blues: Where Detroit has gone, will others follow?

SINCE July, Judge Steven Rhodes has been considering whether the city of Detroit is eligible for protection from its creditors. On December 3rd he decided that it was. This clears the path for the largest municipal bankruptcy in American history. The city is carrying more than $18 billion in debt, and the judge remarked that… Read more 12/5/2013 - Those pension blues: Where Detroit has gone, will others follow?

12/4/2013 - How to calculate the true cost of retirement (MarketWatch)

In the past, experts routinely said you needed to replace 70% to 80% of your pre-retirement income for your golden years. Plus, the experts said, your retirement income need was assumed to increase annually at the rate of inflation for the duration of your retirement. And experts would routinely use 30 years as the standard… Read more 12/4/2013 - How to calculate the true cost of retirement (MarketWatch)

11/22/2013 - Expanding Social Security (New York Times)

For many years there has been one overwhelming rule for people who wanted to be considered serious inside the Beltway. It was this: You must declare your willingness to cut Social Security in the name of “entitlement reform.” It wasn’t really about the numbers, which never supported the notion that Social Security faced an acute… Read more 11/22/2013 - Expanding Social Security (New York Times)

11/21/2013 - Work, Women and Caregiving (New York Times)

Trying to hold onto a job while caring for a family member is a tough juggling act. Caregivers sometimes have to arrive late or leave early, cut back to part-time work, and decline travel or promotions. For women, these competing responsibilities may prove particularly perilous, a study recently published in the Journal of Applied Gerontology… Read more 11/21/2013 - Work, Women and Caregiving (New York Times)

11/20/2013 - Fake It Till You’ve Saved It? (Wall Street Journal)

Having a good attitude about saving for retirement turns out to be key to socking more money away, according to a poll of 1,011 Americans conducted for BlackRock, the world’s largest asset manager. Read the full article at The Wall Street Journal.

11/19/2013 - You Plan Your Retirement, Then You Get the Health Bill (New York Times)

JEFF STRACK, a 61-year-old sales manager in Charlotte, N.C., enjoys his work and is in good health. But the prospect of paying for health costs after he retires weighs on him. Mr. Strack hasn’t decided yet when he’ll stop working full time. But he doesn’t expect any retiree health coverage from his employer, which now… Read more 11/19/2013 - You Plan Your Retirement, Then You Get the Health Bill (New York Times)

11/14/2013 - How entrepreneurship extends boomers’ careers (MarketWatch)

There’s been no shortage of gloomy headlines about the struggles of workers age 50 and over. But there’s one area in which this age group continues to shine: entrepreneurship. Read the full article at WSJ MarketWatch.

11/13/2013 - You can still get a job with a pension (MarketWatch)

To most new hires, the idea of being eligible for a pension probably seems as far-fetched as being asked to write memos on an IBM Selectric typewriter. But a new study shows that a fair number of companies still offer the traditional retirement plans — and aren’t planning to get rid of them any time… Read more 11/13/2013 - You can still get a job with a pension (MarketWatch)

11/13/2013 - CFPB to Seniors: Know Your Financial Adviser (ReverseMortgageDaily)

The Consumer Financial Protection Bureau last Friday released a guide for seniors and others in the process of choosing a financial adviser, warning that similar to planning for retirement, it can be much more challenging than it sounds. The “Know your financial adviser” guide helps consumers ask the right questions when shopping around to ensure… Read more 11/13/2013 - CFPB to Seniors: Know Your Financial Adviser (ReverseMortgageDaily)