djaworski

5/8/2015 - New Math for Retirees and the 4% Withdrawal Rule (The New York Times)

Known as the 4 percent rule, it found that retirees who withdrew 4 percent of their initial retirement portfolio balance, and then adjusted that dollar amount for inflation each year thereafter, would have created a paycheck that lasted for 30 years. The concept has been both celebrated and criticized, and it has recently come under scrutiny yet… Read more 5/8/2015 - New Math for Retirees and the 4% Withdrawal Rule (The New York Times)

5/6/2015 - How to retire before your spouse (U.S. News & Report)

Money plays a big role in figuring out when you should retire. But most families would benefit from having thorough discussions about the transition into retirement that go beyond the financial realm. Retirement can be especially complicated for spouses who don’t retire at the same time. Your role within the family will change for both the working and… Read more 5/6/2015 - How to retire before your spouse (U.S. News & Report)

5/5/2015 - A silver lining for retirement savers (The Washington Post)

More and more money is flowing into target-date funds, a popular default choice for companies that automatically enroll workers into retirement savings plan. But as the funds grow in popularity, investors using them are benefiting from another shift — they’re growing less expensive. The average fee charged by target-date funds dropped to 0.65 percent this year,… Read more 5/5/2015 - A silver lining for retirement savers (The Washington Post)

5/4/2015 - Where Poor Kids Grow Up Makes a Huge Difference (NPR)

In two new studies, Harvard economist Raj Chetty and his colleagues found that where poor kids grow up has a huge effect on how much money they earn as adults. In one study, families living in public housing were randomly selected to be eligible for housing vouchers that required them to move to low poverty… Read more 5/4/2015 - Where Poor Kids Grow Up Makes a Huge Difference (NPR)

5/3/2015 - Family-funded reverse mortgage can help elderly parents keep home (The Los Angeles Times)

Could there be a way to help senior homeowners with their cash flow needs without saddling them — and ultimately their families — with high costs? That’s a key question at a time when millions of seniors are flooding into their post-retirement years, many of them with equity in their homes but insufficient income to… Read more 5/3/2015 - Family-funded reverse mortgage can help elderly parents keep home (The Los Angeles Times)

5/2/2015 - Medical alert scammers bully seniors (USA Today)

Elderly consumers across the country found themselves bullied and tricked into paying hundreds of dollars for medical alert devices they never ordered, according to federal regulators.The seniors were in their 70s or older, often lived alone and had limited incomes but were scared into paying good money for something they didn’t really want. If you’re… Read more 5/2/2015 - Medical alert scammers bully seniors (USA Today)

5/2/2015 - Plan participants stuck with retirement savings last year (Benefits Pro)

Plan participants are, by and large, continuing to save for retirement, with hardship withdrawals holding steady and allocations staying pretty much the same. Those are some of the findings from the Investment Company Institute’s research report “Defined Contribution Plan Participants’ Activities, 2014,” which found that most people in a DC plan are continuing to contribute. Just 2.9… Read more 5/2/2015 - Plan participants stuck with retirement savings last year (Benefits Pro)

5/2/2015 - Even at the Top, Making Plans for Life's 'Third Chapter' (The New York Times)

Whether closing that next deal or creating that next film, high-powered executives thrive on the next big thing. Without it, some are left searching for meaning or another challenge. To that end, a growing number of Americans are creating a new phase of life, sometimes called a “third chapter.” Often leading the way are those… Read more 5/2/2015 - Even at the Top, Making Plans for Life's 'Third Chapter' (The New York Times)

5/1/2015 - New generation requires new retirement thinking (Employee Benefits News)

Eighty million millennials are already challenging and redefining so-called convention as their generation becomes a legitimate force in every aspect of our society. Their collective world view often defies the standard notions of prior generations, as they maintain radically different opinions on pretty much everything. They’re also forcing the financial services community to rethink conventional… Read more 5/1/2015 - New generation requires new retirement thinking (Employee Benefits News)

4/29/2015 - College Savings take a Dive (Reuters)

 Average amounts saved for college have fallen 25 percent since last year and fewer middle-income families are saving for higher education, even as parents overwhelmingly endorse its value as an investment, according to “How America Saves for College 2015,” the latest survey by education lender Sallie Mae. Parents had an average $10,040 set aside for… Read more 4/29/2015 - College Savings take a Dive (Reuters)