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11/16/2015 - How Retirement Benefits Will Change in 2016 (U.S. News & World Report)

Retirement savers will get the option to participate in a new type of retirement account next year, the myRA. There will also be fewer Social Security claiming options for married couples and a small Medicare premium increase for some beneficiaries. Read the full article in U.S. News & World Report.

11/16/2015 - What to do after these retirement funds hit goals? (CNBC)

Target-date funds may be a somewhat blunt instrument when it comes to retirement planning, but they have quickly become the investment of choice for 401(k) plan sponsors and participants — whether by design or by default.A major challenge for the industry, however, is to determine what to do when target-date funds reach their targets and… Read more 11/16/2015 - What to do after these retirement funds hit goals? (CNBC)

11/11/2015 - ‘Supersavers’ Focus on the Goal (The New York Times)

Given that two-thirds of Americans report having little savings for retirement — and half of married couples and three-quarters of single people in retirement count on Social Security for half or more of their income — saving is a problem and supersavers have something to teach the rest of America. Read the full article in The New York Times.

11/12/2015 - Why Millennials Are Saving at a Younger Age Than Any Other Generation (Money)

Boomers may have spurred the mutual fund industry, but millennials are embracing it at a far younger age—plunking down their first dollars a decade earlier in life, new research shows.The average age that millennial households started investing in funds is 23, according to the Investment Company Institute. That compares with age 37 for older boomers… Read more 11/12/2015 - Why Millennials Are Saving at a Younger Age Than Any Other Generation (Money)

11/11/2015 -Study: Student loans getting in the way of retirement (CBS)

According to a new study, the average student loan debt of $35,000 can cost graduates nearly $700,000 in lost retirement savings over a 50-year period. Your fate is you’re not gonna retire ’til your 75, which is pretty sobering,” said Farnoosh Torabi, a personal finance expert with NerdWallet. Read the full article in CBS.  

11/10/2015 - Why seniors don't fear elder financial abuse (CNBC)

Allianz Life queried over 1,200 seniors and more than 1,000 people ages 40 to 64 about seniors’ finances and found that among the seniors, 89 percent were confident they could handle their money on their own. At the same time, 22 percent of the younger group said they were not confident in their own ability to… Read more 11/10/2015 - Why seniors don't fear elder financial abuse (CNBC)

11/9/2015 - Retired Americans Need More Savings (Plan Adviser)

Although the total percentage of adults surveyed by the Robert Morris University Polling Institute who say they are “very” or “somewhat” concerned about their financial security upon retirement has decreased since February, the percentage saying they are “very” concerned increased from 37.6% to 42.3%. Joseph Angelelli, a gerontologist and RMU assistant professor of health services… Read more 11/9/2015 - Retired Americans Need More Savings (Plan Adviser)

11/9/2015 - Why income inequality grows as people age (CBS MoneyWatch)

A recent study by economists at the Federal Reserve Bank of New York attempts to untangle these two potential causes of increasing wage and salary inequality as households age. They begin by documenting how income changes over time for males aged 25-60 (a similar study for women is underway). They find that “the median worker in the… Read more 11/9/2015 - Why income inequality grows as people age (CBS MoneyWatch)

11/6/2015 - After Years Out of a Job, Older Workers Find a Way Back In (The New York Times)

In the economic downturn that began in late 2007 and persisted through the middle of 2009, millions of people in their 50s and 60s were laid off, bought out, downsized or otherwise left without a steady paycheck. The Center for Retirement Research at Boston College, in a report titled, “How Will Older Workers Who Lose Their Jobs… Read more 11/6/2015 - After Years Out of a Job, Older Workers Find a Way Back In (The New York Times)

11/6/2015 - Baby steps to building a retirement (The Washington Post)

The government has introduced a retirement savings plan akin to a bike with training wheels. This starter account, called “myRA,” is meant to get millions of people into the habit of saving for their senior years.President Obama authorized the Treasury Department to create myRA, which is targeted to low- and middle-income workers who don’t have… Read more 11/6/2015 - Baby steps to building a retirement (The Washington Post)