djaworski

4/10/2015 - Renovation vs. Relocation in Retirement (The New York Times)

Should you downsize and move to a new neighborhood? Or renovate the family residence to suit your retirement needs and lock in for the long term? It is one of the most vexing questions older people face as they plan the shift from a working life to retirement. An estimated 36 percent of retirees plan to stay in… Read more 4/10/2015 - Renovation vs. Relocation in Retirement (The New York Times)

4/8/2015 - 1 in 3 Older Workers Likely to be Poor or Near Poor in Retirement (Money)

A third of U.S. workers nearing retirement are destined to live in or near poverty after leaving their jobs, new research shows. One underlying cause: a sharp decline in employer-sponsored retirement plans over the past 15 years. Just 53% of workers aged 25-64 had access to an employer-sponsored retirement savings plan in 2011, down from… Read more 4/8/2015 - 1 in 3 Older Workers Likely to be Poor or Near Poor in Retirement (Money)

4/7/2015 - Modern-Day 401(k) plan emerging (BenefitsPro)

The defined contribution plan is evolving globally, as companies increasingly move toward a hybrid of DC and some of the elements of defined benefit plans. So say the results of the Vanguard survey, “Global Trends in DB and DC Plans,” which also found that DC plans are emerging as the predominant retirement plan structure not… Read more 4/7/2015 - Modern-Day 401(k) plan emerging (BenefitsPro)

4/6/2015 - Survey: Saving for retirement is not a priority for many (Benefits Pro)

A full 45 percent of non-retired Americans are not saving for retirement, according to a study by financial services firm Edward Jones. The study, based on interviews with 1,009 Americans both retired and non-retired, further found that 8 percent said they had no intention to save for retirement at all at any point in their… Read more 4/6/2015 - Survey: Saving for retirement is not a priority for many (Benefits Pro)

4/6/2015 - Is Cash-Free Really The Way to Be? Maybe Not for Millennials (NPR)

Smartphones have new, seamless ways to purchase stuff lightning fast, with just a tap. With these new digital technologies available for mobile payment, many young people are ditching cash and plastic altogether.But is traditional payment dead? According to Doug Conover, an analyst with the Federal Reserve Bank of San Francisco, not exactly. The Federal Reserve… Read more 4/6/2015 - Is Cash-Free Really The Way to Be? Maybe Not for Millennials (NPR)

4/5/2015 - Investigating alternative approaches to 401(k) plans (Pittsburgh Post-Gazette)

A number like $6.7 trillion is hard to ignore. That’s how much people have in retirement savings accounts and other defined contribution plans, according to the Investment Company Institute, an investment industry group.Hedge and private equity funds and other alternative investments have yet to claim much turf in the growing market, but that could change. Shifting… Read more 4/5/2015 - Investigating alternative approaches to 401(k) plans (Pittsburgh Post-Gazette)

4/3/2015 - Look who's retiring later (CNBC)

Getting ready to retire? Hold that thought. Two-thirds of Americans have experienced a financial disruption that affected their financial behavior in some way, according to a newly released data by TD Ameritrade. And of that group, roughly half expect to delay or forgo retirement as a result of the disruption. The 34 percent who plan to put off… Read more 4/3/2015 - Look who's retiring later (CNBC)

4/3/2015 - Over 50 and Back in College (The New York Times)

For many, a retirement of babysitting grandchildren, golfing and relaxing on the beach is passé. Older people today approach work as a pillar of a retirement lifestyle, planning ahead and adding skills even before leaving their current jobs.As demand for more adult learning opportunities accelerates, colleges and universities are trying to figure out how to tap into… Read more 4/3/2015 - Over 50 and Back in College (The New York Times)

4/2/2015 - Half of Americans will see their standard of living fall in retirement (MarketWatch)

With roughly 10,000 boomers retiring every day, the U.S. retirement crisis is no longer an easily dismissed distant concern. Whether we choose to pay attention or not, American workers’ savings shortfall is a slow-moving hurricane that’s going to hit many of us where we live. By some measures, Americans are less prepared than ever to… Read more 4/2/2015 - Half of Americans will see their standard of living fall in retirement (MarketWatch)

4/1/2015 - The Long and Short of it (Financial Advisor)

Americans are living longer than ever before. And to make sure their retirement income goes the distance, they’ve turned to a number of alternatives, including one whose entire reason for being is to solve this problem: the longevity annuity.A type of deferred-income annuity—as opposed to an immediate annuity—the longevity annuity was developed more than a… Read more 4/1/2015 - The Long and Short of it (Financial Advisor)