Category: Financial -Landing 2013

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7/8/2013 - Tackling America's retirement crisis (Politico)

by on July 11, 2013 6:33 pm
We don’t have a Social Security problem in America. We have a retirement problem. We’re living longer — the average 65-year-old has nearly two decades of life ahead, and one in every four will live past 90 — but producing fewer workers. That combination is producing a big bill for longer retirements that we’re already… Read more 7/8/2013 - Tackling America's retirement crisis (Politico)
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7/7/2013 - Coveting Not a Corner Office, but Time at Home (NY Times)

by on July 8, 2013 5:38 pm
Sara Uttech has not spent much of her career so far worrying about “leaning in.” Instead, she has mostly been hanging on, trying to find ways to get her career to accommodate her family life, rather than the other way around. And like dozens of other middle-class working mothers interviewed about their work and family… Read more 7/7/2013 - Coveting Not a Corner Office, but Time at Home (NY Times)
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7/7/2013 - College loan debt burden is growing for retirees (Asbury Park Press)

by on July 8, 2013 5:27 pm
Seventy-nine-year-old Richard Hessert’s golden years have turned to rust. The college debt crisis is spreading deeper into families. Hessert is part of a growing group of parents, grandparents and others over 60 that has taken on five times more college debt since 2005. Read the full article at Asbury Park Press.

7/4/2013 - “Better” Business? (EBRI)

by on July 8, 2013 5:24 pm
It has become something of a truism in our industry that defined benefit plans are “better” than defined contribution plans. We’re told that returns are higher and fees lower in the former, that employees are better served by having the investment decisions made by professionals, and that many individuals don’t save enough on their own… Read more 7/4/2013 - “Better” Business? (EBRI)

7/1/2013 - Uncle Sam wants you—to buy annuities (Wall Street Journal)

by on July 3, 2013 5:13 pm
The Treasury Department got a lot of attention in February 2012 when it announced a proposal that would make it easier for IRAs and 401(k)-type plans to offer so-called longevity annuities. Because they delay income payments until later in life–for example, age 80 or 85—these products can offer retirees a relatively low-cost way to purchase,… Read more 7/1/2013 - Uncle Sam wants you—to buy annuities (Wall Street Journal)

7/1/2013 - Long-Term-Care Insurance Gap Hits Seniors (Wall Street Journal)

by on July 2, 2013 8:44 pm
Rob and Katherine Deane thought they were being responsible by buying insurance policies to provide for care in their later years. Instead, the Michigan couple are encountering a growing gap in health-care coverage that the government overhaul will do nothing to fix. Read the full article at The Wall Street Journal.

6/30/2013 - Retired, yet still paying mortgage (Columbus Dispatch)

by on July 1, 2013 5:13 pm
A growing number of homeowners are keeping a mortgage longer than they are keeping a job. Although some financial planners are alarmed by the trend, others say that, under the right circumstances, carrying a mortgage into retirement years makes financial sense. No one, however, disputes that the percentage of retirees holding a mortgage has skyrocketed.… Read more 6/30/2013 - Retired, yet still paying mortgage (Columbus Dispatch)

6/27/2013 - Transamerica: 55% of workers confident about retirement (Pensions&Investments)

by on June 28, 2013 4:39 pm
Fifty-five percent of workers are somewhat or very confident about retirement, the highest level since 2007, according to a report by the Transamerica Center for Retirement Studies. That 55% is up from 51% last year, but still below the 2007 confidence level of 59%. Not surprisingly, 62% of respondents said they are less confident about… Read more 6/27/2013 - Transamerica: 55% of workers confident about retirement (Pensions&Investments)

6/26/2013 - Retirement savings $14 trillion below threshold (CBS MoneyWatch)

by on June 28, 2013 4:37 pm
The National Institute on Retirement Security (NIRS) recently released a study that analyzed the state of Americans’ retirement savings and compared them to benchmarks gauging progress toward maintaining retirement living standards. The results shouldn’t surprise you if you’ve been following the news on the level of retirement savings prevalent in American households. The study found… Read more 6/26/2013 - Retirement savings $14 trillion below threshold (CBS MoneyWatch)

6/24/2013 - Retirees: Don't sell off security of a pension

by on June 24, 2013 8:55 pm
Retirees shouldn’t be surprised to hear that a pension check is so valuable that now regulators are warning about the risks of schemes that promise a lump sum, if you sell off that income stream. Read the full article at USA Today.