djaworski

11/14/2014 - Is 45 the new old age in the workplace? (CNN Money)

There’s been no shortage of press about how older workers face discrimination in the workplace. In 2012, researchers at Clemson University showed that 30 percent of people over age 53 faced some kind of discrimination due to their age. Companies still advertise for “young-thinking” employees. In the U.K., a third of folks in their 50s… Read more 11/14/2014 - Is 45 the new old age in the workplace? (CNN Money)

11/7/2014 - Finding, and Battling, Hidden Costs of 401(k) Plans (NY Times)

In many retirement plans, a significant amount of future retirees’ funds are devoured by fees. According to a 2012 study published by the progressive think tank Demos, high 401(k) fees can drain $155,000 from an average household over a lifetime. Higher-earning households can lose even more — up to $278,000. Despite a federal requirement that… Read more 11/7/2014 - Finding, and Battling, Hidden Costs of 401(k) Plans (NY Times)

11/6/2014 - What Are the Biggest Surprises in Retirement? The Experts Weigh In (Money)

Wealth psychology expert Kathleen Burns Kingsbury also sees people struggling to structure their new lives. “One of the biggest surprises retirees face is the adjustment to not working full-time,” says Kingsbury, author of How to Give Financial Advice to Couples (McGraw-Hill, 2013). “While people typically fantasize about what life will be like without a job,… Read more 11/6/2014 - What Are the Biggest Surprises in Retirement? The Experts Weigh In (Money)

11/6/2014 - Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities (Brookings Institution)

The shift in the U.S. retirement system away from company pensions and towards individual retirement accounts has placed greater responsibility on workers for ensuring the adequacy of their saving and managing those savings. Absent ready availability of or familiarity with suitable financial instruments, retirees increasingly are self-insuring against a variety of retirement risks, especially the… Read more 11/6/2014 - Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities (Brookings Institution)

11/6/2014 - Your parent's expenses can take a big bite out of your retirement (MarketWatch)

Greater longevity may strain even the best-planned retirement portfolio, resulting in lifespans outliving wealthspans. And, helping mom and dad manage their longevity risk is likely to be the most costly for younger baby boomers and Gen X families in their 40s and 50s — just when college expenses and retirement savings are converging and competing… Read more 11/6/2014 - Your parent's expenses can take a big bite out of your retirement (MarketWatch)

11/4/2014 - Why you shouldn't use retirement savings to pay off debt ( The Washington Post)

For many workers, years spent building up retirement savings can fall apart at what would typically be a milestone worth celebrating: the start of a new job. The ability to cash out a retirement account comes with consequences. You’ll have to pay taxes on the money along with a 10 percent penalty for early withdrawal. Still, it’s an all-too-tempting option for… Read more 11/4/2014 - Why you shouldn't use retirement savings to pay off debt ( The Washington Post)

11/4/2014 - The Best Financial Strategies for 20-Somethings (U.S. News & World Report)

Millennials are growing up: The oldest of the cohort are approaching their mid-30s, which often coincides with more adult financial responsibilities, including mortgage payments and family-related costs. They have more grown-up challenges, too, like paying off debt and saving for retirement and future college tuition payments for children. The good news is that the financial services industry… Read more 11/4/2014 - The Best Financial Strategies for 20-Somethings (U.S. News & World Report)

11/3/2014 - When is Social Security Taxable? (Nasdaq)

In 2014, more than 59 million Americans will receive a total of over $860 billion in Social Security benefits. Given that Social Security taxes on their wage and salary income have gone toward funding the program, many recipients never even think about the possibility that lawmakers might have made Social Security taxable. Yet for an… Read more 11/3/2014 - When is Social Security Taxable? (Nasdaq)

11/1/2014 - For Some, Retirement Brings Grief (The Wall Street Journal)

For some retirees and their jobs, breaking up can be hard to do. After decades of punching a clock, most retirees look forward to slowing down, having more time for interests and activities that had been squeezed into a few hours at night or on weekends. But not everyone makes that transition easily. For some,… Read more 11/1/2014 - For Some, Retirement Brings Grief (The Wall Street Journal)

10/31/2014 - On the Trail of Lost Money (The New York Times)

There are tens of billions of dollars sitting in the unclaimed property funds that states run, just waiting to be taken back by rightful owners who have lost track of various stock dividends, tax refunds, bank accounts and the like. Orphaned 401(k) balances are a big enough problem that the Department of Labor commissioned a report from experts in… Read more 10/31/2014 - On the Trail of Lost Money (The New York Times)