borges

5/3/2013 - Major retirement savings mistakes - by millenials (MarketWatch)

When it comes to saving and investing for retirement, wisdom is wasted on the aged. It’s the young who need some help. Unfortunately 401(k) plan participants in their 20s and 30s are making a number of mistakes with their savings and investments — and what seem like small mistakes when you’re young can have big… Read more 5/3/2013 - Major retirement savings mistakes - by millenials (MarketWatch)

5/3/2014 - A Path to Retirement, for Those Far From It (The New York Times)

There is a big retirement problem in America, maybe even a crisis. Many working people won’t have enough money to leave their jobs and live in comfort and security. How many are in jeopardy is debatable, but the problem’s existence is not. What’s to be done about it? Strengthen Social Security, certainly. Make it easier… Read more 5/3/2014 - A Path to Retirement, for Those Far From It (The New York Times)

4/28/2014 - Timing Social Security: How emotion clouds logic (CBS MoneyWatch)

It seems that people tend to ignore logical arguments for delaying Social Security benefits and let aversion to loss influence them more, a common behavioral finance phenomenon. That’s one of the many conclusions from an interesting study recently conducted by the Society of Actuaries (SOA) and Matthew Greenwald and Associates. The two organizations conducted focus… Read more 4/28/2014 - Timing Social Security: How emotion clouds logic (CBS MoneyWatch)

4/26/2014 - A billion shades of grey (The Economist)

WARREN BUFFETT, who on May 3rd hosts the folksy extravaganza that is Berkshire Hathaway’s annual shareholders’ meeting, is an icon of American capitalism (see article). At 83, he also epitomises a striking demographic trend: for highly skilled people to go on working well into what was once thought to be old age. Across the rich… Read more 4/26/2014 - A billion shades of grey (The Economist)

4/19/2014 - Deciding when to take Social Security benefits (Christian Science Monitor)

Many current retirees decided to begin taking Social Security retirement benefits well before their full retirement age—the age at which a beneficiary is entitled to receive a full Social Security retirement benefit based on her lifetime earnings record. In some cases, need drove the decision to take early benefits; in others, fear about the long-term… Read more 4/19/2014 - Deciding when to take Social Security benefits (Christian Science Monitor)

4/18/2014 - Taking a Job Out of the Financial Equation (New York Times)

No pensions. Roller-coaster retirement accounts. Longer lives and higher health care costs. Aging parents. Children in college. A will to work but fewer jobs to be had. It is a familiar and potentially disastrous mix for the generation now entering retirement. And worse, most do not have a clue how to plan for it, according… Read more 4/18/2014 - Taking a Job Out of the Financial Equation (New York Times)

4/14/2014 - It's not your fault you aren't saving for retirement (MarketWatch)

It’s time we stop kidding ourselves. Experiments to improve retirement savings decisions using what experts call “soft paternalism” aren’t working and it’s time to fix the system. Or at least so argues Jacob Hale Russell, an academic fellow at the Rock Center for Corporate Governance at Stanford Law School. Read the full article at MarketWatch.

4/12/2014 - Thought Secure, Pooled Pensions Teeter and Fall (New York Times)

The pensions of millions of Americans are being threatened because of trouble in a part of the retirement world long considered so safe that no one gave it a second thought. The pensions belong to people in multiemployer plans — big pooled investment funds with many sponsoring companies and a union. Multiemployer pensions are not… Read more 4/12/2014 - Thought Secure, Pooled Pensions Teeter and Fall (New York Times)

4/12/2014 - High fees eroding many retirement accounts (CNBC)

It’s the silent enemy in our retirement accounts: High fees. And now a new study finds that the typical 401(k) fees — adding up to a modest-sounding 1 percent a year — would erase $70,000 from an average worker’s account over a four-decade career compared with lower-cost options. To compensate for the higher fees, someone… Read more 4/12/2014 - High fees eroding many retirement accounts (CNBC)

4/8/2014 - More people are delaying Social Security benefits (CBS Money Watch)

It looks like people are now paying attention to the plethora of advice retirement analysts and writers — including me — have been offering about delaying Social Security benefits as a means of improving retirement security. The Social Security Administration’s Annual Statistical Supplement for 2013 provides evidence of a slow but steady increase since 2004-2005… Read more 4/8/2014 - More people are delaying Social Security benefits (CBS Money Watch)