djaworski

8/27/2015 - Gen X: Sleeping Through The Retirement Wake-Up Call (Forbes)

Northwestern Mutual’s report, The Gen X Retirement Dilemma, noted that Gen X’ers had the highest levels of financial insecurity of all U.S. generations. A striking 82% said they won’t have enough saved to retire comfortably; 18% don’t think they’ll ever be able to retire. That may be partly because 37% of Gen X’ers told Northwestern… Read more 8/27/2015 - Gen X: Sleeping Through The Retirement Wake-Up Call (Forbes)

8/26/2015 - Retirees pay for claiming Social Security too early (CNBC)

A Nationwide Retirement Institute survey of Americans 50 years and older found that 83 percent of recent retirees started taking their benefits before their full retirement age, receiving 49 percent less in benefits than if they would have waited. Among recent retirees, 38 percent said they claimed Social Security benefits because they needed the money, 30… Read more 8/26/2015 - Retirees pay for claiming Social Security too early (CNBC)

8/25/2015 - Retirees need to fact-check Social Security advice (Reuters)

Getting wrong answers from Social Security is not unusual, according to financial advisers and experts on claiming strategies. Relying on this misinformation can lead to missing out on benefits for which you qualify or losing opportunities to maximize your checks. “Forty percent of what the good folks at Social Security tell you, almost always with… Read more 8/25/2015 - Retirees need to fact-check Social Security advice (Reuters)

8/24/2015 - Why Phone Fraud Starts With A Silent Call (NPR)

Vijay Balasubramaniyan, CEO of Pindrop Security, a company in Atlanta that detects phone fraud, says that in any number of ways, the criminal ring gets your 10 digits and loads them into an automated system. Maybe you gave your number to Target or some other big retailer that got hacked. Maybe you entered an online… Read more 8/24/2015 - Why Phone Fraud Starts With A Silent Call (NPR)

8/23/2015 - How Boomers loaded with debt can dig out (USA Today)

The stats, at first blush, are staggering. According to a new Pew Charitable Trusts report, eight in 10 Baby Boomers — those born from 1946 to 1964 — hold some form of debt, and nearly half (47%) still have a mortgage, which, on average, totaled $90,000. And, more than half (58%) of the so-called Silent Generation — defined as those born… Read more 8/23/2015 - How Boomers loaded with debt can dig out (USA Today)

8/22/2015 - Don't let grown children derail your retirement (The Washington Post)

It is a bad decision to gut your retirement savings to pay your child’s college tuition. It’s also as bad a decision to defer retirement savings so you can save for tuition instead. But parents want the best for their children.An Allianz LoveFamilyMoney survey found that this is especially true of single parents. Forty-five percent… Read more 8/22/2015 - Don't let grown children derail your retirement (The Washington Post)

8/21/2015 - As Workers Delay Retirement, Some Bosses Become More Flexible (The New York Times)

“The face of our nation’s work force is changing,” Senator Collins said. “I think we’re facing a tsunami of retirees who will find that they are going to outlive their savings, that they have not prepared for their retirement.” Although having flexible work schedules and phased-in retirement programs is popular with workers, employers have been… Read more 8/21/2015 - As Workers Delay Retirement, Some Bosses Become More Flexible (The New York Times)

8/19/2015 - For Most Seniors, Social Security Is Their Biggest Source of Income (The Fiscal Times)

Last year alone, more than 59 million Americans received retirement, disability and survivor’s benefits totaling $863 billion. While some lawmakers and policy experts warn that the system will begin to run short of cash beginning in 2035, seniors’ advocacy groups have vigorously fought major changes and cuts. Some nine out of ten people who are 65… Read more 8/19/2015 - For Most Seniors, Social Security Is Their Biggest Source of Income (The Fiscal Times)

8/19/2015 - Baby Boomers Ready to Sell Businesses to the Next Generation (The New York Times)

As the sting of the recession fades and the economy grows healthier, entrepreneurial baby boomers who spent the last few decades building businesses are starting to move on to the next phase of their careers: cashing out. And as the generational torch is passed, the profile of small businesses is changing, too, with a markedly… Read more 8/19/2015 - Baby Boomers Ready to Sell Businesses to the Next Generation (The New York Times)

8/18/2015 - Retiring Early, Retiring Late, Retiring Penniless (Next Avenue)

After reviewing data from the government’s Health and Retirement Study from 1992 to 2012, Alicia Munnell, Geoffrey Sanzenbacher and Matthew Rutledgefound that three “shocks” are the top reasons for unexpected early retirement: worker’s health, involuntary job losses and changes within the person’s family (especially his or her spouse’s retirement). In other words, it’s usually not because… Read more 8/18/2015 - Retiring Early, Retiring Late, Retiring Penniless (Next Avenue)