Category: Financial -Landing 2013

8/14/2013 - This is Retirement's Increasingly Prevalent Challenge (Main St)

It’s no wonder baby boomers worry about outliving their retirement savings. One out of four 65-year-olds today can expect to live past 90, and if they’re married, one of every four will live even longer. With 10,000 boomers turning 65 every day, it’s a big worry for 26% of the U.S. population. Read the full… Read more 8/14/2013 - This is Retirement's Increasingly Prevalent Challenge (Main St)

8/13/2013 - Warning Clients On 401(k) Loans (Wall Street Journal)

Within the past few weeks, adviser Marc Shaffer has heard from two clients looking to tap their 401(k) plans, one for a family emergency and another to purchase land on which to build a home. As the economy makes a painfully slow recovery, financial advisers like Mr. Shaffer continue to hear from cash-strapped clients who… Read more 8/13/2013 - Warning Clients On 401(k) Loans (Wall Street Journal)

8/12/2013 - Survey shows women are focusing on saving for retirement (The Salt Lake Tribune)

Women across all age bands feel that it’s more important to save for retirement than just about anything else, according to the Credit Union National Association’s Women’s Financial Survey. CUNA is a trade association serving 90 percent of America’s 7,200 state and federally chartered credit unions, which are not-for-profit cooperatives. Of the age bands surveyed,… Read more 8/12/2013 - Survey shows women are focusing on saving for retirement (The Salt Lake Tribune)

8/9/2013 - 401(k) Reform Movement Growing: Three Major Gamechangers (Forbes)

The movement to overhaul the faulty 401(k)-based retirement system is gaining some strange bedfellows. When the retirement group AARP issues a joint statement with the pro-business group U.S. Chamber of Commerce, I suppose we shouldn’t be alarmed. But we should pay real close attention to the message. The two groups called on an somnambulist Congress… Read more 8/9/2013 - 401(k) Reform Movement Growing: Three Major Gamechangers (Forbes)

8/12/2013 - Study: Pension Plan Participation Among Married Couples (U.S. Social Security Administration)

We present descriptive statistics on pension participation and types of pensions among married couples, using data from the 1996/2008 Panels of the Survey of Income and Program Participation and Social Security administrative records. Previous research has focused on pension coverage by marital status, but has not examined couples as a unit. Because couples usually share… Read more 8/12/2013 - Study: Pension Plan Participation Among Married Couples (U.S. Social Security Administration)

8/8/2013 - Sponsors See Many Employees Delaying Retirement (Plansponsor.com)

Nearly two-thirds of plan sponsors surveyed said many of their employees are delaying retirement. According to the results of the “Fourth Plan Sponsor Attitudes Survey” from Fidelity Investments, retirement plan sponsors have concerns about their employees’ retirement readiness, as well as their own fiduciary responsibilities. Read the full article at Plansponsor.com.

8/8/2013 - Self-employment helping boomers stretch retirement savings (CNBC)

There is one way to avoid outliving your money: Work longer, on your own terms. You may not want to or be able to retire at 65 or 67, but so what. If you’re doing work you enjoy in your own business, setting your own schedule, fulfilling goals you’ve set yourself—it may not even feel… Read more 8/8/2013 - Self-employment helping boomers stretch retirement savings (CNBC)

8/8/2013 - Radical Life Extension (New York Times)

The United States — and indeed the world — is straining under the weight of an aging population, and that strain is only expected to grow. Life expectancy at birth in this country at the turn of the 20th century was nearly 50 years. According to the United States Census Bureau, it’s now over 78.… Read more 8/8/2013 - Radical Life Extension (New York Times)

8/5/2013 - DOMA decision triggers federal retirement policy changes (Washington Post)

Retired federal employees in same-sex marriages who were unable to provide survivor benefits for their spouses because of the Defense of Marriage Act may now do so but that decision will come at a cost, the Office of Personnel Management has said. The U.S. Supreme Court’s June decision striking down that law’s definition of marriage… Read more 8/5/2013 - DOMA decision triggers federal retirement policy changes (Washington Post)

8/5/2013 - Pandemic of pension woes is plaguing the nation (NBC)

Detroit, you’re not alone. Across the nation, cities and states are watching Detroit’s largest-ever municipal bankruptcy filing with fear. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar financial hole. A CNBC.com analysis of more than 120 of the nation’s largest state and local… Read more 8/5/2013 - Pandemic of pension woes is plaguing the nation (NBC)