borges

9/7/2013 - A Dearth of Investment in Young Workers (New York Times)

One of the most troubling features of the slow economic recovery is that it has largely bypassed young people. This doesn’t bode well for the future of the American economy. For Americans aged 16 to 24 who aren’t enrolled in school, the employment picture is grim. Only 36 percent are working full time, down 10… Read more 9/7/2013 - A Dearth of Investment in Young Workers (New York Times)

9/6/2013 - Three reasons the U.S. labor force keeps shrinking (Washington Post)

The U.S. labor force keeps shrinking rapidly. Back in 2007, 66 percent of Americans had a job or were actively seeking work. Today, that number is at 63.2 percent — the lowest level since 1978: Read the full article at the Washington Post.

9/6/2013 - The Old Are Working, but Not the Young (New York Times)

This summer has seen a larger share of a certain group of people working than at any time in the last three decades, according to government figures. That group is older people. Read the full article at the New York Times.

9/3/2013 - 401(k)s are replacing pensions, making inequality worse (Washington Post)

The once-dominant defined benefit pension plan–which pays out a fixed amount after an employee retires–is on its way to becoming an historical artifact. More and more employers are offering 401(k) plans instead, which require employees to pay into their own accounts, sometimes with and sometimes without a matching contribution. And according to a new analysis from… Read more 9/3/2013 - 401(k)s are replacing pensions, making inequality worse (Washington Post)

9/3/2013 - Retirement advisors labor to rebuild trust (BenefitsPro)

Many retirement accounts that took a hit in the Great Recession are back on track, but those dark days left a lingering, hard-to-erase legacy: an erosion of the trust that investors had placed in their financial advisors. The problem – aggravated by scandals involving rogue trading, rate manipulation and insider trading – crops up every… Read more 9/3/2013 - Retirement advisors labor to rebuild trust (BenefitsPro)

9/2/2013 - Long-Term Jobless Left Out of Recovery (Wall Street Journal)

For those left behind by the long, slow economic recovery, time is running out. More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years. Millions more have abandoned their job searches, hiding from the economic storm in school or turning to government programs for support. A… Read more 9/2/2013 - Long-Term Jobless Left Out of Recovery (Wall Street Journal)

9/2/2013 - More tips to fit your retirement finances to your life (MoneyWatch)

Welcome back to my third post on the methodical approach you can use for implementing one of the most  important retirement planning decisions you’ll make — sorting out out which retirement income generator (RIG) or combination of RIGs might best fit your goals and circumstances. My previous post looked at the RIGs that would correspond… Read more 9/2/2013 - More tips to fit your retirement finances to your life (MoneyWatch)

8/26/2013 - Time might be right for mandatory savings accounts (SFGate)

The popular image of the good life in America and the prospect of a decent, financially secure retirement have become synonymous over the past half century. Problem is, the evidence is overwhelming that America’s retirement savings system is broken. Take the private economy. Retirement savings are scant in 401(k)s, the main pension plan for private-sector workers.… Read more 8/26/2013 - Time might be right for mandatory savings accounts (SFGate)

8/26/2013 - South Carolina a top state for retirees due to tax breaks, says Kiplinger (The Post and Courier)

With low property taxes and generous income tax breaks for seniors, South Carolina has landed on Kiplinger’s list of Top 10 tax-friendly states for retirees. The personal finance website Kiplinger.com ranked Alaska the most tax-friendly, due to its lack of a sales or income tax. South Carolina came in at No. 9, ahead of Florida.… Read more 8/26/2013 - South Carolina a top state for retirees due to tax breaks, says Kiplinger (The Post and Courier)

8/26/2013 - Full Time, Part Time, Good Jobs, Bad (NY Times)

The term “part-time jobs” is beginning to make Americans anxious. Many workers currently in such jobs would strongly prefer — and in many cases desperately need — more hours of employment to pay their bills. Policy makers worried about implementation of the Affordable Care Act point to features that could make part-time employment more attractive… Read more 8/26/2013 - Full Time, Part Time, Good Jobs, Bad (NY Times)