borges

Posts by borges

2/18/14 - Older Americans are early winners under health law (Philly.com)

by on February 19, 2014 12:17 am
or many older Americans who lost jobs during the recession, the quest for health care has been one obstacle after another. They’re unwanted by employers, rejected by insurers, struggling to cover rising medical costs and praying to reach Medicare age before a health crisis.These luckless people, most in their 50s and 60s, have emerged this… Read more 2/18/14 - Older Americans are early winners under health law (Philly.com)

2/17/14 - 401(k) balances rise with record gains on Wall Street (Washington Post)

by on February 19, 2014 12:16 am
Wall Street’s historic gains in 2013 have boosted the value of Americans’ retirement accounts to record highs, according to several plan managers, restoring a critical component of household wealth. Fidelity Investments, the nation’s largest provider of retirement plans, said the average balance in its accounts at the end of last year was $89,300 — nearly… Read more 2/17/14 - 401(k) balances rise with record gains on Wall Street (Washington Post)

2/9/2014 - Financial pointers for the 99% (Los Angeles Times)

by on February 10, 2014 6:51 pm
When Liz Davidson told friends 15 years ago that she was quitting her job running a hedge fund, they thought she was misguided. Then Davidson revealed her new career plan, and they thought she was really nuts. She launched a company that gives financial guidance to average Americans through their jobs. Employers hire Financial Finesse… Read more 2/9/2014 - Financial pointers for the 99% (Los Angeles Times)

2/7/2014 - Retirement Planning for the Very Long-Term (MarketWatch)

by on February 10, 2014 6:49 pm
The world’s population is aging, rapidly. So much so in fact that roughly one in six people is expected to be 65 and older by 2050, double the proportion today, according to a recent Pew Research Center report. Put another way, the global population of people ages 65 and older is expected to triple from… Read more 2/7/2014 - Retirement Planning for the Very Long-Term (MarketWatch)

2/6/2014 - Ideas to Make Retirement Possible (New York Times)

by on February 10, 2014 6:47 pm
Who killed pensions? Can they be resurrected? A few decades ago, pensions were almost taken for granted by both public and private employees. They promised that people who worked a specified number of years for one employer would receive a certain amount each month, for life, after they retired. That amount was usually based on… Read more 2/6/2014 - Ideas to Make Retirement Possible (New York Times)

1/31/2014 - For Some, Retirement Is Out of Reach. For Others, Boring (New York Times)

by on February 3, 2014 3:11 pm
In just a few days, Jay Leno, 63, the host of the “Tonight” show for the last 22 years, will be ceding his comedic throne to the 39-year-old Jimmy Fallon. Not willingly, as it happens. “It’s not my decision,” Mr. Leno said during a Jan. 26 interview with Steve Kroft of “60 Minutes.” Mr. Leno’s… Read more 1/31/2014 - For Some, Retirement Is Out of Reach. For Others, Boring (New York Times)

1/31/2014 - Been a Long Time Coming: Social Entrepreneurship in Later Life (Sloan Center on Aging & Work)

by on February 3, 2014 2:55 pm
In 1997, Encore.org (formerly Civic Ventures) took a bold step and began public conversations that challenged assumptions about the experience of aging and the productive capacities of older adults. Rather than viewing older adults as being on “a decline toward dependence,” Encore.org understood that the creativity, energy, experience, passion, and competencies of older adults could… Read more 1/31/2014 - Been a Long Time Coming: Social Entrepreneurship in Later Life (Sloan Center on Aging & Work)

1/30/2014 - Obama Starter Retirement Plan Lacks Many 401(k) Features: Taxes (Bloomberg)

by on February 3, 2014 2:52 pm
President Barack Obama’s new retirement accounts lack the most popular features of 401(k) plans. They offer no matching contributions, no prospect for eye-popping returns and no track record of employer support. Obama’s plan also relies on low-income workers being willing to do something they often can’t — set aside money in savings when they have… Read more 1/30/2014 - Obama Starter Retirement Plan Lacks Many 401(k) Features: Taxes (Bloomberg)

1/27/2014 - How Seniors Are Paying for Retirement (US News & World Report)

by on January 28, 2014 6:01 pm
Unlike most adults who depend on a single paycheck, most retirees receive income from several sources. Monthly Social Security payments, income from savings and investments and a part-time job are among the most common ways seniors are financing their retirement years. These and other retirement income streams produced an average income of $31,742 for people… Read more 1/27/2014 - How Seniors Are Paying for Retirement (US News & World Report)

1/24/2014 - Don't Count Out Aging Workers (US News & World Report)

by on January 27, 2014 6:45 pm
If you lose your job in middle age or later, you may suddenly find yourself in dire straits. When the pink slip comes, it does not matter how many years you have put in or how dedicated you might be to the company. Whether the reason is reorganization, right-sizing or offshoring, aging employees can find… Read more 1/24/2014 - Don't Count Out Aging Workers (US News & World Report)