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10/11/2013 - Retirees Use Nest Eggs for Business Start-Ups (Financial Advisor)

A lack of jobs in today’s economy is prompting more people to use their retirement money to start small businesses, according to Adam Bergman, a lawyer and tax expert. Although it can be a risky proposition, it is one way 401(k) and IRA funds can be used to provide employment for a person who is… Read more 10/11/2013 - Retirees Use Nest Eggs for Business Start-Ups (Financial Advisor)

10/7/2013 - Relaxing Rules Will Help Small Employer Retirement Plans (Plansponsor.com)

Relaxing rules and increasing coverage for part-time workers would improve retirement savings for employees of small employers, hearing witnesses told a House committee. The U.S. House of Representatives Committee on Small Business held a hearing October 2, titled “The Challenge of Retirement Savings for Small Employers,” to examine the state of retirement savings for small… Read more 10/7/2013 - Relaxing Rules Will Help Small Employer Retirement Plans (Plansponsor.com)

10/5/2013 - Financial Literacy, Beyond the Classroom (New York Times)

Even if we grade on a very generous curve, many Americans flunk when it comes to financial literacy. Consider this three-item quiz: Suppose you had $100 in a savings account and the interest rate was 2 percent a year. After five years, how much do you think you would have if you left the money… Read more 10/5/2013 - Financial Literacy, Beyond the Classroom (New York Times)

10/4/2013 - The Great Retirement Income Hunt (Wall Street Journal)

How do 78 million baby boomers turn their nest eggs into income that can last as long as they do? Everyone in the U.S. retirement landscape—from federal regulators to 401(k) administrators and employers to workers themselves—is struggling to find a good answer. With $11 trillion at stake in tax-deferred retirement accounts, the financial-services industry also… Read more 10/4/2013 - The Great Retirement Income Hunt (Wall Street Journal)

9/30/2013 - The Rise of Semi-Retirement (US News & World Report)

Switching directly from a full-time job that consumes most of your waking hours to retirement can be a very abrupt change. More than a third of working Americans say they would like to semi-retire, or cut back their hours, before retiring completely, according to a recent HSBC and Cicero Group survey. Workers have both personal… Read more 9/30/2013 - The Rise of Semi-Retirement (US News & World Report)

9/30/2013 - How Does Household Income Change in the Ten Years Around Age 65? (EBRI)

This study constructs a measure similar to the traditional replacement rate: a post-65 to pre-65 income ratio, comparing the household income five and ten years prior to age 65 with that of household income five and ten years after age 65. While similar to the traditional replacement rate in terms of construction, it is different… Read more 9/30/2013 - How Does Household Income Change in the Ten Years Around Age 65? (EBRI)

9/29/2013 - A Great Annuity Plan Called Social Security: Deferring Benefits Can Yield a Significant Advantage (Wall Street Journal)

Know how to get a great deal on an annuity today? Tap your 401(k) or IRA for living expenses in your first few years of retirement so you can postpone taking Social Security. Most people start their Social Security benefits as early as possible, at age 62, or at least by their “normal” retirement age,… Read more 9/29/2013 - A Great Annuity Plan Called Social Security: Deferring Benefits Can Yield a Significant Advantage (Wall Street Journal)

9/27/2013 - 18% of the workforce could retire within five years (LifeHealthPro)

Eighteen percent of the workforce could retire within the next five years. The finding, in a recent report by the ADP Retirement Research Institute, a research arm of the global provider of human capital management solutions, is an appropriate reminder of the heft of the Baby Boomer generation and the impact their ageing will have… Read more 9/27/2013 - 18% of the workforce could retire within five years (LifeHealthPro)

9/26/2013 - Carrying Debt After Retirement (New York Times)

If college debt is a hindrance to young adults, mortgage debt is the drag on homeowners heading into retirement. A much higher proportion of homeowners over 65 are carrying mortgage debt compared with past generations. And that debt could make it harder for them to stay in their homes. Read the full article at the… Read more 9/26/2013 - Carrying Debt After Retirement (New York Times)

9/26/2013 - Public-employee contributions to pensions will reach 7% (The Business Journal)

Wisconsin public-sector employees are facing another increase — to a 7 percent total contribution — in their pension contribution under Gov. Scott Walker‘s 2011 legislation requiring employees in the state retirement system to share retirement costs with their employers. The amount Wisconsin public-sector employees and their employers contribute toward pensions in the Wisconsin Retirement System… Read more 9/26/2013 - Public-employee contributions to pensions will reach 7% (The Business Journal)