djaworski

10/27/14 - Half of Americans aren't in a retirement plan (CBS Money Watch)

Just 53 percent of American workers participate in any type of retirement plan at work, according to recent information from the Bureau of Labor Statistics. Breaking this big stat down further shows that part-time and low-income workers as well as employees of small establishments are the most vulnerable for not having a plan. The low participation… Read more 10/27/14 - Half of Americans aren't in a retirement plan (CBS Money Watch)

10/25/14 - Combating a Flood of Early 401(k) Withdrawals (The New York Times)

This week, the Internal Revenue Service announced that people under age 50 in 401(k) and similar workplace retirement plans will be able to deposit up to $18,000 in 2015, an increase of $500 from this year. Those 50 and over can toss in as much as $24,000, a $1,000 increase.  Over a quarter of households… Read more 10/25/14 - Combating a Flood of Early 401(k) Withdrawals (The New York Times)

10/24/14 - How Retirement was Invented (The Atlantic)

In 1881 Otto von Bismarck, the conservative minister president of Prussia, presented a radical idea to the Reichstag: government-run financial support for older members of society. In other words, retirement. The idea was radical because back then, people simply did not retire.  It would take eight years, but by the end of the decade, the… Read more 10/24/14 - How Retirement was Invented (The Atlantic)

10/20/2014 - 5 Career Checkpoints on the Road to Retirement (U.S. News & World Report)

It’s National Save for Retirement Week, so you’ll likely see a lot of information, tools and resources about saving for retirement through your workplace plan, like a 401(k) or 403(b). Although there are basic tips that apply to everyone, considering steps relevant to different stages of your career helps ensure your retirement readiness. According to… Read more 10/20/2014 - 5 Career Checkpoints on the Road to Retirement (U.S. News & World Report)

10/19/2014 - Divorce after 50: It's complicated, especially if retirement is near (CNBC)

Divorce rates for most age groups have leveled off, but for people age 50 and older, it’s higher than ever. Today 1 in 4 divorces is a couple over 50 untying the knot—about double what it was 20 years ago, according to the National Center for Family and Marriage at Bowling Green State University. At… Read more 10/19/2014 - Divorce after 50: It's complicated, especially if retirement is near (CNBC)

10/17/2014 - When Planning for Retirement, Consider Transportation (The New York Times)

According to the American Journal of Public Health, Americans are outliving their ability to drive safely — a woman, on average, by 10 years, a man by seven. Over all, the ability to drive safely as one ages depends on health. Some people can drive into their 90s while others begin to cut back at… Read more 10/17/2014 - When Planning for Retirement, Consider Transportation (The New York Times)

10/13/14 - "Longevity is both a risk and an opportunity" (The Washington Post)

Roger Ferguson says money was a regular topic of conversation at the dinner table when he was growing up. As a child he went with his father to the Federal Reserve to buy Treasury bonds.  Today, Ferguson is chief executive of the Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF), a financial… Read more 10/13/14 - "Longevity is both a risk and an opportunity" (The Washington Post)

10/12/14 - Why Women are Losing the Retirement Savings Game (CNN Money)

When it comes to putting money away for retirement, women outmatch men. They are more diligent savers and more likely to put a bigger percentage of their paycheck into a savings plan. But when it comes to the final savings tally, women are falling far behind. According to a Vanguard analysis of more than 1… Read more 10/12/14 - Why Women are Losing the Retirement Savings Game (CNN Money)

10/11/14 - No Smoke, No Mirrors: The Dutch Pension Plan (The New York Times)

The Dutch system rests on the idea that each generation should pay its own costs — and that the costs must be measured accurately if that is to happen. After the financial collapse of 2008, workers and retirees in the Netherlands took the bitter medicine needed to rebuild their collective nest eggs quickly, with higher… Read more 10/11/14 - No Smoke, No Mirrors: The Dutch Pension Plan (The New York Times)

10/11/14 - Work Until You Drop (The Economist)

The share of the population aged over 65 in rich countries will rise from 15% in 2010 to 27% by 2050, while those aged over 80 will increase from 4% to 9%. While this trend is well known, countries are only just starting to grapple with the implications. Since 1970, the life expectancy of the… Read more 10/11/14 - Work Until You Drop (The Economist)