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1/20/2014 - Study: Overconfidence or Underconfidence Breeds Danger for Retirement Planning (Financial Advisor)

A new study by the National Association of Retirement Plan Participants (Narpp) said there are dangers for workers being overconfident or underconfident about their financial knowledge. After surveying 5,000 defined-contribution-plan participants on their perceived financial literacy and testing them to find their actual comprehension last fall, Narpp found 20 percent were overconfident and 23 percent… Read more 1/20/2014 - Study: Overconfidence or Underconfidence Breeds Danger for Retirement Planning (Financial Advisor)

1/20/2014 - Many Baby Boomers Reluctant to Retire (Gallup)

True to their “live to work” reputation, some baby boomers are digging in their heels at the workplace as they approach the traditional retirement age of 65. While the average age at which U.S. retirees say they retired has risen steadily from 57 to 61 in the past two decades, boomers — the youngest of… Read more 1/20/2014 - Many Baby Boomers Reluctant to Retire (Gallup)

1/12/2014 - The High Cost of Health Care in Retirement (Wall Street Journal)

If you’re trying to figure out how to reduce health-care expenses in later life, take a long, hard look at prescription drugs. A recent report from the Employee Benefit Research Institute in Washington calculates how much individuals and couples will need to budget for health care in retirement based on three levels of possible drug… Read more 1/12/2014 - The High Cost of Health Care in Retirement (Wall Street Journal)

1/12/14 - Jobs report highlights the aging of Baby Boomers (USA Today)

The December jobs report has sparked a fresh argument on an issue as old as the recovery: whether unemployment is dropping because of new jobs, or because people have stopped looking. Released Friday, the government’s report showed the unemployment rate falling to 6.7%. But it estimated the U.S. labor force shrank by 347,000 last month… Read more 1/12/14 - Jobs report highlights the aging of Baby Boomers (USA Today)

1/12/2014 - Retirements at Risk, Despite Rising Asset Values (Wall Street Journal)

At the risk of being a party pooper: Higher stock and home values aren’t doing much to brighten the retirement outlook. That’s the message in a new study—”Will the Rebound in Equities and Housing Save Retirements?”—from the Boston College Center for Retirement Research. The report updates the center’s National Retirement Risk Index, which measures the… Read more 1/12/2014 - Retirements at Risk, Despite Rising Asset Values (Wall Street Journal)

1/10/2014 - Participant Activity Offers Clues for Improving Retirement Plans (PlanSponsor)

More employees are participating in employer-sponsored retirement plans, thanks to plan design changes, but there are still improvements that can be made. The Aon Hewitt 2013 Universe Benchmarks research report analyzes participant behavior across the participation rates, savings levels, plan balances, investments, account activity and demographics of more than 3.5 million employees eligible for defined… Read more 1/10/2014 - Participant Activity Offers Clues for Improving Retirement Plans (PlanSponsor)

1/6/2014 - Making compromises to save Social Security (MarketWatch)

Just three short decades ago, a relatively comfortable retirement income for most individuals was comprised almost entirely of three primary sources — personal savings, Social Security benefits and pension-plan benefits. The latter two were predictable and guaranteed. Today, however, it’s estimated that less than 15% of private sector employees are covered by some sort of… Read more 1/6/2014 - Making compromises to save Social Security (MarketWatch)

1/2/2014 - Tenure Tied to Larger 401(k) Balances (EBRI)

The longer you’ve worked for an employer, the larger your 401(k) account balance is likely to be, according to a new research report. According to a report released by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI), examining the interaction of both age and tenure with account balances in the EBRI/ICI… Read more 1/2/2014 - Tenure Tied to Larger 401(k) Balances (EBRI)

12/31/2013 - Employers Worried Over Retirement Surge (PlanAdviser)

Despite employees saying that they will work into their retirement years, employers still have concerns about being shorthanded. According to research from the Chicago-based outplacement firm of Challenger, Gray & Christmas, employers’ concerns are focused on the ability to properly gauge potential retirement activity within their organization. Read the full article at PlanAdviser.

12/30/2013 - The world braces for retirement crisis (NorthJersey.com)

A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the 2008 financial meltdown, the crisis was significantly worsened by those twin traumas. It will play out for decades, and its consequences will be far-reaching. Many people will be forced to work well past the traditional… Read more 12/30/2013 - The world braces for retirement crisis (NorthJersey.com)