Category: Financial -Landing 2013
9/4/2013 - 401(k) income projections are a good idea (WSJ MarketWatch)
by mbeals on September 5, 2013 4:20 pm
Earlier this year, the Department of Labor issued for comment an advanced notice of proposed rulemaking that would encourage the sponsors of 401(k) plans to project how much income a participant’s 401(k) balances would provide at retirement. Shifting the focus from stocks (401(k) balances) to flows (monthly income) will provide participants with a much better sense… Read more 9/4/2013 - 401(k) income projections are a good idea (WSJ MarketWatch)
9/3/2013 - 401(k)s are replacing pensions, making inequality worse (Washington Post)
by borges on September 3, 2013 6:32 pm
The once-dominant defined benefit pension plan–which pays out a fixed amount after an employee retires–is on its way to becoming an historical artifact. More and more employers are offering 401(k) plans instead, which require employees to pay into their own accounts, sometimes with and sometimes without a matching contribution. And according to a new analysis from… Read more 9/3/2013 - 401(k)s are replacing pensions, making inequality worse (Washington Post)
9/3/2013 - Retirement advisors labor to rebuild trust (BenefitsPro)
by borges on September 3, 2013 5:37 pm
Many retirement accounts that took a hit in the Great Recession are back on track, but those dark days left a lingering, hard-to-erase legacy: an erosion of the trust that investors had placed in their financial advisors. The problem – aggravated by scandals involving rogue trading, rate manipulation and insider trading – crops up every… Read more 9/3/2013 - Retirement advisors labor to rebuild trust (BenefitsPro)
9/2/2013 - Long-Term Jobless Left Out of Recovery (Wall Street Journal)
by borges on September 3, 2013 5:34 pm
For those left behind by the long, slow economic recovery, time is running out. More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years. Millions more have abandoned their job searches, hiding from the economic storm in school or turning to government programs for support. A… Read more 9/2/2013 - Long-Term Jobless Left Out of Recovery (Wall Street Journal)
9/2/2013 - More tips to fit your retirement finances to your life (MoneyWatch)
by borges on September 3, 2013 5:31 pm
Welcome back to my third post on the methodical approach you can use for implementing one of the most important retirement planning decisions you’ll make — sorting out out which retirement income generator (RIG) or combination of RIGs might best fit your goals and circumstances. My previous post looked at the RIGs that would correspond… Read more 9/2/2013 - More tips to fit your retirement finances to your life (MoneyWatch)
8/28/2013 - Retirement plans rebound, post-recession (WSJ)
by mbeals on August 29, 2013 10:03 pm
During the worst of the Great Recession, some companies stopped offering retirement plans to their employees; at the same time, many savers who had such plans stopped contributing to them, as they struggled with financial pressures like a spouse’s unemployment. But a new study from the Employee Benefit Research Institute, a non-partisan think tank, suggests… Read more 8/28/2013 - Retirement plans rebound, post-recession (WSJ)
8/27/2013 - EBRI study: Workplace retirement plan participation has risen since crisis (Pensions&Investments)
by mbeals on August 29, 2013 3:45 pm
More workers have access to workplace retirement plans, and participation rates in plans are rising, too, according to a new report by the non-partisan Employee Benefit Research Institute. Read the full article at Pensions & Investments.
8/26/2013 - Time might be right for mandatory savings accounts (SFGate)
by borges on August 28, 2013 5:11 pm
The popular image of the good life in America and the prospect of a decent, financially secure retirement have become synonymous over the past half century. Problem is, the evidence is overwhelming that America’s retirement savings system is broken. Take the private economy. Retirement savings are scant in 401(k)s, the main pension plan for private-sector workers.… Read more 8/26/2013 - Time might be right for mandatory savings accounts (SFGate)
8/26/2013 - South Carolina a top state for retirees due to tax breaks, says Kiplinger (The Post and Courier)
by borges on August 26, 2013 5:33 pm
With low property taxes and generous income tax breaks for seniors, South Carolina has landed on Kiplinger’s list of Top 10 tax-friendly states for retirees. The personal finance website Kiplinger.com ranked Alaska the most tax-friendly, due to its lack of a sales or income tax. South Carolina came in at No. 9, ahead of Florida.… Read more 8/26/2013 - South Carolina a top state for retirees due to tax breaks, says Kiplinger (The Post and Courier)
8/26/2013 - Full Time, Part Time, Good Jobs, Bad (NY Times)
by borges on August 26, 2013 5:08 pm
The term “part-time jobs” is beginning to make Americans anxious. Many workers currently in such jobs would strongly prefer — and in many cases desperately need — more hours of employment to pay their bills. Policy makers worried about implementation of the Affordable Care Act point to features that could make part-time employment more attractive… Read more 8/26/2013 - Full Time, Part Time, Good Jobs, Bad (NY Times)
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