borges

9/25/2013 - Should we bring back mandatory retirement? (MarketWatch)

While the unemployment rate for older workers is lower than that for the general population, older workers who lost their jobs during the Great Recession are still suffering.  The re-employment rate for those ages 55 to 64 is 47%, compared to 62% for 20-to-54-year-olds.  And it takes an average of 52 weeks for older workers… Read more 9/25/2013 - Should we bring back mandatory retirement? (MarketWatch)

9/25/2013 - Gen Y Women Less Confident in Financial Planning Than Boomers? (ABC News)

Despite women working and earning more than ever before, many Generation Y females are not inclined to take the reins when it comes to retirement planning, according to an online survey. Instead, they defer to their mates. An unscientific study fielded by Fidelity Investments in May analyzed 1,616 individuals (or 808 couples) who were age… Read more 9/25/2013 - Gen Y Women Less Confident in Financial Planning Than Boomers? (ABC News)

9/20/2013 - The Long, Sorry Tale of Pension Promises (Wall Street Journal)

Fifty years ago, the auto industry suffered a massive pension bust. The numbers back then were small, but pension failures are never about the numbers—they’re about human frailty. People are tempted to promise more than they can deliver. Today, cities and states across the country are way behind on the promises they made to their… Read more 9/20/2013 - The Long, Sorry Tale of Pension Promises (Wall Street Journal)

9/22/2013 - At 77 He Prepares Burgers Earning in a Week His Former Hourly Wage (Bloomberg)

It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe. Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a $10-an-hour food demonstrator at Sam’s Club,… Read more 9/22/2013 - At 77 He Prepares Burgers Earning in a Week His Former Hourly Wage (Bloomberg)

9/20/2013 - The Quality of Jobs: The New Normal and the Old Normal (New York Times)

Since the Great Recession of 2008-9, the labor market has recovered at an agonizingly slow pace. Despite 42 consecutive months of gains in private-sector employment, the unemployment rate is still at 7.3 percent; in December 2007 it was only 4.6 percent. The current unemployment rate is higher now than in 2007 across all age, education,… Read more 9/20/2013 - The Quality of Jobs: The New Normal and the Old Normal (New York Times)

9/15/2013 - Obamacare could encourage more early retirements from baby boomers (Kansas City Star)

The sound you hear could be baby boomers revving their early retirement engines. Insurance providers and financial planners expect the Affordable Care Act to encourage a flood of workplace departures from the 50-to-65 age group, which accounts for about 43 million members of the U.S. labor force. Read the full article at the Kansas City… Read more 9/15/2013 - Obamacare could encourage more early retirements from baby boomers (Kansas City Star)

9/13/2013 - Some employers see perks of hiring older workers (Ocala Star Banner)

Older people searching for jobs have long fought back stereotypes that they lack the speed, technology skills and dynamism of younger applicants. But as a wave of baby boomers seeks to stay on the job later in life, some employers are finding older workers are precisely what they need. “There’s no experience like experience,” said… Read more 9/13/2013 - Some employers see perks of hiring older workers (Ocala Star Banner)

9/13/2013 - Financing Start-Up Dreams with Retirement Savings (New York Times)

Bohnne Jones had always dreamed of being an architect or interior designer. Suzie Ford wanted to know if the home-brewed beer her husband, Todd, made was as good as people said it was, while Jan Morris figured owning a distillery would be more fun than being a divorce lawyer. They had three very different dreams,… Read more 9/13/2013 - Financing Start-Up Dreams with Retirement Savings (New York Times)

9/9/213 - Retiree Start-Ups With Age and Youth as Partners (New York Times)

Michael Lowe was bored with retirement. He was doing yoga five times a week and reading voraciously after leaving the work force in 2008. He had enjoyed a three-decade legal career, most of it spent as a corporate lawyer for Verizon. The hitch was that his wife, Melissa Kroning, 61, registrar of the Smithsonian American… Read more 9/9/213 - Retiree Start-Ups With Age and Youth as Partners (New York Times)

9/9/2013 - At Leisure, or Still at Work (New York Times)

Stephen Nathan’s wife persuaded him to retire at age 62, telling him it was too much — and too risky — for him to continue driving 60 miles each way to and from his job in upstate New York. But ever since Mr. Nathan retired from his position as director of human resources at Hobart… Read more 9/9/2013 - At Leisure, or Still at Work (New York Times)