djaworski

3/31/2015 - Robo-advisers: The in's and out's of automated investment platforms (Employee Benefit News)

You may have noticed that there’s a new trend sweeping the financial services industry: robo-advisers. What is a robo-adviser exactly? Is there actually a fleet of robots somewhere managing people’s money? Well, not exactly. They offer an online platform for investing and portfolio management and, despite the “robo” part of the name, humans actually are… Read more 3/31/2015 - Robo-advisers: The in's and out's of automated investment platforms (Employee Benefit News)

3/30/2015 - Why Many Middle-Class Households Are Outsaving the Wealthy (Money)

Can it be that Americans are finally getting the message about saving for retirement? Granted, studies have repeatedly confirmed America’s lack of savings. And the overall results of a new Bankrate.com survey seem to add to the pile: One in five Americans is saving nothing at all, while 28% are saving just 5% of their income or… Read more 3/30/2015 - Why Many Middle-Class Households Are Outsaving the Wealthy (Money)

3/30/2015 - Half of American households can barely save a nickel (CNBC)

For roughly half of American households they answer is “barely,” according to the results of a new survey by Bankrate.com. About half reported they are setting aside no more than 5 percent of their income in savings. One in five said they’re not even able to save a penny. The highest savings rates were reported by those… Read more 3/30/2015 - Half of American households can barely save a nickel (CNBC)

3/30/2015 - Income Inequality: It's Also Bad for your Health (The New York Times)

We know that living in a poor community makes you less likely to live a long life. New evidence suggests that living in a community with high income inequality also seems to be bad for your health. A study from researchers at the University of Wisconsin Population Health Institute examined a series of risk factors that help… Read more 3/30/2015 - Income Inequality: It's Also Bad for your Health (The New York Times)

3/28/2015 - As Job Rate Rises, Older Workers Are Often Left Behind (The New York Times)

Despite some indications here and there that the baby boom generation is working longer, few workers were hurt as badly as those over 50 in the years after the economic crisis that began unfolding in 2008. Many were forced to take jobs at lower pay, with fewer hours and less generous benefits — or no… Read more 3/28/2015 - As Job Rate Rises, Older Workers Are Often Left Behind (The New York Times)

3/27/2015 - Why putting off retirement savings until you make more money is a big mistake (The Washington Post)

People in their 20s have a list of excuses for putting off saving for retirement: Their paychecks are too small. They don’t know how long they’ll stay with a company. Why worry now about something that feels a million years away? But a report from the Employee Benefit Research Institute drives home the point that waiting until you’re older and… Read more 3/27/2015 - Why putting off retirement savings until you make more money is a big mistake (The Washington Post)

3/26/2015 - Payday Loans - And Endless Cycles of Debt - Targeted by Federal Watchdog (NPR)

For millions of cash-strapped consumers, short-term loans offer the means to cover purchases or pressing needs. But these deals, typically called payday loans, also pack triple-digit interest rates — and critics say that borrowers often end up trapped in a cycle of high-cost debt as a result. Now, the Consumer Financial Protection Bureau (CFPB) is… Read more 3/26/2015 - Payday Loans - And Endless Cycles of Debt - Targeted by Federal Watchdog (NPR)

3/25/2015 - Older and Out of Work in the Silicon Valley (KQED)

Many of us being let go are the “mature” employees — the older workers who no longer fit in an industry that worships youth and its energy. I’ve been advised to dye my hair to enhance my youthful looks and to design a resume that obscures my many years of experience. Yes, at age 60,… Read more 3/25/2015 - Older and Out of Work in the Silicon Valley (KQED)

3/24/2015 - 4 ways to get Millennials to save for retirement (CNN Money)

 A survey of Millennials earlier this month by the Principal Group found that fewer than a third contribute at least 10% to a 401(k) or a similar plan. Meanwhile, a 2014 State Street study noted that Millennials were holding upwards of 40% of their assets in cash, raising questions about how effectively young people are investing whatever amount they… Read more 3/24/2015 - 4 ways to get Millennials to save for retirement (CNN Money)

3/23/2015 - The Growing Divide Between the Retirement Elite and Everybody Else (Time Magazine)

Americans are on track to replace 60% of income, but only one in five pre-retirees report good health. That’s likely to prove costly. There’s a growing retirement savings gap between workers with 401(k)s and those without. Overall the typical American worker is on track to replace about 58% of current pay through savings at retirement.… Read more 3/23/2015 - The Growing Divide Between the Retirement Elite and Everybody Else (Time Magazine)