djaworski
Posts by djaworski
Notice: Undefined variable: raw_excerpt in /Library/Server/Web/Data/Sites/Default/wp-content/themes/cardinal/Cardinal.php on line 18889/23/2015 - These Americans have yet to recover from the recession (MarketWatch)
by djaworski on September 23, 2015 6:35 pm
The Great Recession is officially over, but one group of Americans is struggling to leave it behind. Members of Generation X, defined by most demographers as those born between 1965 and 1980 and now in their 30s and 40s, are carrying higher debt, “and appear to be remarkably complacent about its implications for their financial… Read more 9/23/2015 - These Americans have yet to recover from the recession (MarketWatch)
9/23/2015 - How millennials should save for retirement (CNBC)
by djaworski on September 23, 2015 5:30 pm
It’s not easy being a millennial these days. Sure, they may have piled up the trophies in their childhood, but millennials are now old enough to be attending college or embarking on careers. And they are doing so as they contend with a number of special challenges, from staggering levels of student debt to global… Read more 9/23/2015 - How millennials should save for retirement (CNBC)
9/22/2015 - This Employer gives you $1,200 a year to pay off student loans (CNN Money)
by djaworski on September 22, 2015 7:15 pm
Starting next year, PwC will give each worker $1,200 annually to help pay down their student loans, for up to six years. All associates and senior associates — who typically range from entry-level workers to those with six years of experience — are eligible for the perk. PwC hires a lot of recent grads, recruiting… Read more 9/22/2015 - This Employer gives you $1,200 a year to pay off student loans (CNN Money)
9/21/2015 - How much do you really need for retirement? (CNBC)
by djaworski on September 21, 2015 9:05 pm
For years, financial advisors recommended people save at least $1 million to enjoy a comfortable retirement. But given longer lifespans and concerns about the financial status of Social Security, is that target enough to fund a potentially decades-long retirement? Maybe not. Well-off investors surveyed by asset manager Legg Mason in March said that they would need at… Read more 9/21/2015 - How much do you really need for retirement? (CNBC)
9/20/2015 - A Wake-up Call To Millennials - You Need To Stop Saving For "Retirement" (Forbes)
by djaworski on September 20, 2015 10:31 pm
If Millennials want a more financially secure future, the focus needs to switch. Too many people are fixated on saving for an early 60s retirement. Instead, the focus needs to center on a financially secure and independent future. Americans need to engage in goal-based financial planning. Instead of everyone planning to leave the workforce, more… Read more 9/20/2015 - A Wake-up Call To Millennials - You Need To Stop Saving For "Retirement" (Forbes)
9/18/2015 - Gen X is sleeping through its retirement wake-up call (MarketWatch)
by djaworski on September 18, 2015 4:21 pm
“Gen X is in retirement jeopardy,” warns Catherine Collinson, president of the Transamerica Center for Retirement Studies (TCRS), which just released A Compendium of Findings About American Workers backing that up. “At their age, they need to be more focused on saving and planning for retirement, but our research found that many have backed away from it.”… Read more 9/18/2015 - Gen X is sleeping through its retirement wake-up call (MarketWatch)
9/17/2015 - Retirement confidence is up, but why? (CNBC)
by djaworski on September 18, 2015 4:17 pm
Savers in several countries “experienced a dramatic increase in their confidence that they would meet retirement goals,” according to a new survey commissioned by State Street Global Advisors. Some 51 percent of U.S. investors participating in an employer–sponsored retirement plan said they were very or extremely confident they will meet their retirement goals, up from… Read more 9/17/2015 - Retirement confidence is up, but why? (CNBC)
9/17/2015 - Can states help more workers save for retirement? (CBS Moneywatch)
by djaworski on September 17, 2015 4:21 pm
Roughly half of all American workers aren’t eligible to participate in a retirement plan at work, which doesn’t bode well for their retirement years. The vast majority of these workers will receive Social Security benefits, but these benefits are meant only to serve as a safety net to keep you out of poverty. They were never intended to provide… Read more 9/17/2015 - Can states help more workers save for retirement? (CBS Moneywatch)
9/16/2015 - Why Americans Still Think the Economy Is Terrible (The New York Times)
by djaworski on September 16, 2015 5:19 pm
The median American household in 2014 had a lower income, in inflation-adjusted terms, than it did in 2013. The $53,657 the household in the middle of the income distribution earned last year was down 1.5 percent from the year before, though the census said that shift was not statistically significant. But even if that drop… Read more 9/16/2015 - Why Americans Still Think the Economy Is Terrible (The New York Times)
9/15/2015 - Five Money Milestones To Hit While You Are In Your 40s (The Washington Post)
by djaworski on September 16, 2015 5:02 pm
One milestone to strive for in your 40s is to have at least three times your annual salary saved in a retirement account, says Andrew McFadden, a financial planner in Fresno, Calif. Rough guidelines from Fidelity Investments, for example, recommend that workers should save three times their pay by age 45 and four times their… Read more 9/15/2015 - Five Money Milestones To Hit While You Are In Your 40s (The Washington Post)
