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1/28/13 - Investors Worry More About Long-Term Care Than Retirement Planning: UBS (Onwallstreet)

Most financial advisors focus on helping clients build up a nest egg for a comfortable retirement, but is that what people really want? Yes, but not primarily. According to a report from UBS Wealth Management Americas, long-term care is respondents’ greatest personal financial concern. Read the full article at Onwallstreet.

1/26/13 - Alaska, D.C. Have Highest Proportion of Seniors Working Longer (The Examiner)

Many Washington-area seniors are eschewing retirement for more time at the office — some by choice, and some by necessity. The District is second only to Alaska in the percentage of those 65 and older still in the workforce, according to new data released by the U.S. Census Bureau. Of the 69,738 residents in that… Read more 1/26/13 - Alaska, D.C. Have Highest Proportion of Seniors Working Longer (The Examiner)

1/25/13 - When It's Ok to Plunder a 401(k) Before You Retire (Wall Street Journal)

That little drip, drip, drip you hear might be money leaking from your retirement account. In a report last week, the budgeting website HelloWallet estimated that about one-fourth of all households have tapped a 401(k) or similar account for needs unrelated to retirement, a trend it attributes to Americans’ inability to put cash aside for… Read more 1/25/13 - When It's Ok to Plunder a 401(k) Before You Retire (Wall Street Journal)

1/12/2013 - Over 50, and Under No Illusions (New York Times)

It’s a baby boomer’s nightmare. One moment you’re 40-ish and moving up, the next you’re 50-plus and suddenly, shockingly, moving out — jobless in a tough economy. Too young to retire, too old to start over. Or at least that’s the line. Comfortable jobs with comfortable salaries are scarce, after all. Almost overnight, skills honed… Read more 1/12/2013 - Over 50, and Under No Illusions (New York Times)

1/11/2013 - Tenure, Tracked (EBRI)

When it comes to things like working careers, there is a widespread assumption that past generations worked for a single employer for all, or most of his/her working years, and then retired with a pension and a gold watch. In contrast, current American workers are believed to change jobs (much) more frequently. In fact, many… Read more 1/11/2013 - Tenure, Tracked (EBRI)

1/9/2013 - Diversity Research Clarifies Issues, Offers Solutions (Vanguard)

In recent years, there has been a growing interest in the study of workforce diversity in defined contribution (DC) retirement plans—and in particular, the role of race and ethnicity in savings and investment choices. To help inform plan sponsors about the differences in savings and investment behavior among Asian, black, Hispanic, and white participants, Vanguard… Read more 1/9/2013 - Diversity Research Clarifies Issues, Offers Solutions (Vanguard)

1/7/2013 - How Much Financial Inequality Is Due to Financial Illiteracy? (Freakonomics)

Annamaria Lusardi, whose ground-breaking research on financial literacy has been featured on Freakonomics several times, has put out a new working paper (with co-authors Pierre-Carl Michaud and Olivia S. Mitchell) that could be read as laying much of the blame for the lack of household wealth at the foot of the members of said household.… Read more 1/7/2013 - How Much Financial Inequality Is Due to Financial Illiteracy? (Freakonomics)

1/6/2013 - Madoff Aside, Financial Fraud Defies Policing (New York Times)

To Philip Horn, the Braemar Country Club was not just a golf course, it was an extension of his office. Most weeks, Mr. Horn, a financial adviser at Wells Fargo, chatted up potential clients between holes at the upscale club set against the backdrop of the Santa Monica Mountains. “I always thought, ‘This is a… Read more 1/6/2013 - Madoff Aside, Financial Fraud Defies Policing (New York Times)

1/1/2013 - Fiscal Cliff Deal Affects Wide Range of Benefit and Compensation Programs (Towers Watson)

After weeks of highly partisan negotiations, Congress adopted the American Taxpayer Relief Act (H.R.8) on January 1, 2013, to address key elements of the fiscal cliff — the combination of tax increases and spending cuts that kicked in with the new year. While the legislation’s most significant provisions include higher tax rates for high-income taxpayers… Read more 1/1/2013 - Fiscal Cliff Deal Affects Wide Range of Benefit and Compensation Programs (Towers Watson)

12/17/12 - More Seniors Trapped in Children's Student Debt (The Columbus Dispatch)

Even in retirement, helpful parents and grandparents who took out federal loans or co-signed bank college loans for their kids are struggling with repayment. The early-morning calls from debt collectors continued even after her massive stroke, waking Bella Logan to daily reminders that she owed $75,000 in student loans. Logan is 94. The federal government… Read more 12/17/12 - More Seniors Trapped in Children's Student Debt (The Columbus Dispatch)