djaworski

10/14/2015 - The Missing Boom in Small-Business Sales (The Wall Street Journal)

Despite predictions that a flood of small businesses would be coming up for sale as owners of a certain generation ready themselves for retirement, many are holding on longer than expected. According to a U.S. Census Bureau count of owners of incorporated firms, people age 55 and older accounted for 38% of business owners in… Read more 10/14/2015 - The Missing Boom in Small-Business Sales (The Wall Street Journal)

10/13/2015 - U.S. regulator to propose investment rules to protect elderly (Reuters)

A U.S. securities regulator, aiming to protect elderly clients from scams and their own diminished mental capacity, will propose rules requiring brokers to identify – when an account is opened – a “trusted” person who can make financial decisions if the client’s judgment becomes impaired. The rules also will allow firms to freeze money transfers… Read more 10/13/2015 - U.S. regulator to propose investment rules to protect elderly (Reuters)

10/12/2015 - Diverting retirement savings to pay for college (CBS MoneyWatch)

In the face of ever-escalating costs of higher education, people are often forced to shuffle their financial priorities. Here’s one telling example: Nearly one-third of Americans are willing to delay their retirement to help their children or grandchildren pay for college, according to research from LIMRA’s Secure Retirement Institute. When LIMRA surveyed nearly 1,000 Americans in… Read more 10/12/2015 - Diverting retirement savings to pay for college (CBS MoneyWatch)

10/12/2015 - Income Inequality Grows With Age and Shapes Later Years (The New York Times)

Socioeconomic inequality, he noted, helps determine who gets to grow old. Dr. Abramson’s book “The End Game: How Inequality Shapes Our Final Years,” and a report from the National Academy of Sciences last month on the growing life expectancy gap, underscore the effect of income and education on old age. Ronald Lee, a demographer at the University of… Read more 10/12/2015 - Income Inequality Grows With Age and Shapes Later Years (The New York Times)

10/11/2015 - Why It’s So Hard to Know How Much Retirement Savings Is Enough (The Atlantic)

Online financial-planning tools have a habit of spitting out terrifying numbers when people use them to figure out how much to save for retirement. Most tools, from the AARP’s to the Social Security Administration’s, yield similar answers when one enters spending estimates, expected salary increases, and assets: They tend to advise their users (most of whom are workers… Read more 10/11/2015 - Why It’s So Hard to Know How Much Retirement Savings Is Enough (The Atlantic)

10/9/2015 - Reopening the Bank of Mom and Dad, to Help Adult Children (The New York Times)

More older parents are  helping their adult children by dishing out loans or cash gifts, or paying bills. But this largess sometimes blows a big hole in their finances, even jeopardizing their retirement. As a result, some older adults are going back to work, reducing their own living expenses or even declaring bankruptcy. Read the full… Read more 10/9/2015 - Reopening the Bank of Mom and Dad, to Help Adult Children (The New York Times)

10/8/2015 - Women Are a Quarter Million Dollars Short of Retirement (Quartz)

Lower earnings and longer lives—it’s a powerful one-two punch, and it threatens to keep women on the ropes in retirement. A recent study measured the retirement savings divide between 45-year-old men and women. It found that women, on average, are more than $268,000 short of what they need to retire comfortably at 65. For the average man, it’s $212,000.… Read more 10/8/2015 - Women Are a Quarter Million Dollars Short of Retirement (Quartz)

10/7/2015 - Why your retirement could cost you an extra $25,000 (Fortune)

Don’t blame the Affordable Care Act or inflation — we’re just living longer, according to one study. To the list of expenses you can count on in retirement, add an extra $25,000 for healthcare. On Wednesday, Fidelity Investments released it’s annual retirement healthcare cost estimate and the amount a 65-year-old couple is projected to need is… Read more 10/7/2015 - Why your retirement could cost you an extra $25,000 (Fortune)

10/6/2015 - States To Workers: Let Us Help You Build Your Retirement Savings (NPR)

America’s retirement statistics are grim: About 40 percent of baby boomers have nothing saved for retirement, about a third of Americans who are currently retired rely on Social Security for almost all of their income, and the outlook for current workers isn’t much better. About half of private sector employees have no retirement plan on… Read more 10/6/2015 - States To Workers: Let Us Help You Build Your Retirement Savings (NPR)

10/7/2015 - Health Care in Retirement Will Cost How Much? (Plan Adviser)

For many, generating $250,000 in savings seems like quite a far off dream, but Fidelity’s Retirement Health Care Cost Estimate study now projects Americans will need just about that much to pay for health care in retirement. According to Fidelity, a healthy couple retiring this year at age 65 should expect to spend $245,000 on… Read more 10/7/2015 - Health Care in Retirement Will Cost How Much? (Plan Adviser)