Category: Financial -Landing 2013

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8/23/2013 - Study: Early retirees less likely to die (MarketWatch)

by on August 26, 2013 4:58 pm
Male civil servants who retired early significantly decreased their probability of dying within the next five years, according to a recent Dutch study. Researchers at the Tinbergen Institute of VU University Amsterdam studied the effects of a one-time policy decision in 2005 that allowed certain civil servants to retire at age 55 with benefits, versus… Read more 8/23/2013 - Study: Early retirees less likely to die (MarketWatch)

8/21/2013 - Gen Y and Boomers, Suffering the Most (NY Times)

by on August 22, 2013 7:01 pm
As my colleague Robert Pear reports, a new study from Sentier Research finds that four years after the start of the economic recovery, the median American household income is still down 4.4 percent. Incomes have risen a little since their recent trough in August 2011, but not enough to make up for the losses sustained… Read more 8/21/2013 - Gen Y and Boomers, Suffering the Most (NY Times)

8/22/2013 - Social Security is crucial to the middle class (Wall Street Journal)

by on August 22, 2013 5:46 pm
The trustees’ report that details the financial health of Social Security gets published each and every year with much fanfare and analysis. But there’s another publication that the Social Security Administration puts out each year that deserves just as much fanfare—a sort of FAQ for Social Security. Read the full article at The Wall Street… Read more 8/22/2013 - Social Security is crucial to the middle class (Wall Street Journal)

8/21/2013 - 10 tips for a green retirement (CBS MoneyWatch)

by on August 22, 2013 3:56 pm
Playing with my 2 1/2-year-old granddaughter recently, it occurred to me there’s a very good chance she’ll be alive for another 90 or 100 years. As a result, she’ll most likely live through the potential long-term consequences of the dire headlines we read about now, such as global warming, pollution, overcrowding and excessive government debt.… Read more 8/21/2013 - 10 tips for a green retirement (CBS MoneyWatch)
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8/20/2013 - Women Shortchanged in Retirement Earnings (NPR)

by on August 21, 2013 5:35 pm
The American workforce is graying. And while many people aren’t saving enough for retirement, that’s especially true for women. Guest host Celeste Headlee speaks with reporter Paul Solman and aging specialist Helen Dennis, about a gender gap in retirement earnings. Listen to the full story and read a transcript at NPR.
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8/19/2013 - The income annuity puzzle: Why don't more people use them? (Reuters)

by on August 19, 2013 6:39 pm
Economists have long argued that there’s a perfect financial product for retirement: the humble immediate income annuity. It’s a straightforward proposition: Fork over a big chunk of cash to an insurance company, which starts sending a monthly check when you retire – or later. The cash keeps coming as long as you live. Read the… Read more 8/19/2013 - The income annuity puzzle: Why don't more people use them? (Reuters)
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8/16/2013 - Are We Headed to Mandatory Retirement Savings Accounts? (ThinkAdvisor)

by on August 19, 2013 6:25 pm
The U.S. retirement system of Social Security supplemented by private retirement savings is often thought to be in crisis,  because of questions about the solvency of the former and the adequacy of the latter. But the U.S. approach is not the only way — Australia and Chile, for example, have high mandatory contribution rates of… Read more 8/16/2013 - Are We Headed to Mandatory Retirement Savings Accounts? (ThinkAdvisor)
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8/16/2013 - Many Americans are confused by 401(k) retirement plans (LA Times)

by on August 19, 2013 4:01 pm
Americans rely heavily on 401(k)s to fund their hoped-for retirements, but many people find the plans bewildering and aren’t sure they’re making the right investment choices. That’s the upshot of a new survey by Charles Schwab Corp., which found that people know they need 401(k)s even if they aren’t always sure what to do with… Read more 8/16/2013 - Many Americans are confused by 401(k) retirement plans (LA Times)
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8/16/2013 - One Dip Into a 401(k) Often Leads to Another (New York Times)

by on August 19, 2013 3:58 pm
Some people can’t seem to stop at just one. After workers borrow money from their 401(k) retirement account, they may find that it becomes easier to come back for another loan — and perhaps even another. And yet another one after that. Read the full article at the New York Times.

8/14/2013 - How an aging nation affects job numbers (Wall Street Journal)

by on August 15, 2013 5:59 pm
A recent Goldman Sachs study focused attention on the impact of population aging on labor force participation.  The authors had a much more ambitious goal than the simple point that I would like to emphasize.  They were trying to determine whether the sharp decline in the labor-force participation rate (the percentage of the working population… Read more 8/14/2013 - How an aging nation affects job numbers (Wall Street Journal)