Category: Financial -Landing 2013
6/23/2013 - Living Long but Not Prospering (Wall Street Journal)
by mbeals on June 24, 2013 8:55 pm
What kind of retirement plans should companies offer? How can they make sure their employees are well provided for once they stop working? These questions have taken on new urgency as the baby-boom generation exits the workforce and people lead longer lives. Read the full article at The Wall Street Journal.
6/20/2013 - The Cost of Worrying About Money (U.S. News & World Report)
by mbeals on June 24, 2013 8:53 pm
If money worries are getting you down, you might want to figure out how to release some of that tension. A new survey suggests that financial worries eat up a substantial portion of one’s day – and that, in turn, can be a costly distraction from work. Read the full article at U.S. News &… Read more 6/20/2013 - The Cost of Worrying About Money (U.S. News & World Report)
6/20/2013 - Boomers -- Will They Shun Retirement? (Huffington Post)
by mbeals on June 20, 2013 11:24 pm
Boomers don’t speak with one voice when it comes to retirement. Although about four in 10 admit that they can’t wait to retire, just as many say they won’t ever want to stop working. Even more expect to work in retirement. The media, policy analysts and worker advocates have zeroed in on the would-be workers:… Read more 6/20/2013 - Boomers -- Will They Shun Retirement? (Huffington Post)
6/18/2013 - How to teach Americans to save? Treat them like children (CNN Money)
by mbeals on June 20, 2013 11:23 pm
Here’s something that recently surprised me: My six-year-old daughter is a pretty good saver. A paper out this week from the National Bureau of Economic Research (NBER) suggests that I shouldn’t have been so surprised. The conclusion: The best way to get people to save is to treat them like children. The paper is called… Read more 6/18/2013 - How to teach Americans to save? Treat them like children (CNN Money)
6/18/2013 - Boomers Underestimate LTC Cost, Life Expectancy (AdvisorOne)
by mbeals on June 20, 2013 11:20 pm
The cost of future long-term care for boomers could be more than three times what they’re expecting, a consumer survey by Nationwide Financial found. Boomers 50 and older estimated the future annual cost to be nearly $79,000. However, using data from a 2010 article from Life and Health Advisor, Nationwide found the cost of a… Read more 6/18/2013 - Boomers Underestimate LTC Cost, Life Expectancy (AdvisorOne)
6/17/2013 - The 50 best employers for boomer workers (Wall Street Journal)
by mbeals on June 18, 2013 6:36 pm
For the 22 million people who are currently unemployed, underemployed or have given up on finding work, the perks offered by the 50 companies on AARP’s list of best employers may seem like a sort of mirage. Read the full article at The Wall Street Journal.
6/13/2013 - Father of modern 401(k) says it fails many Americans (American Public Media Marketplace)
by mbeals on June 18, 2013 6:34 pm
Ted Benna — also known as the father of the 401(k) — is a decidedly un-Wall Street guy. He grew up on a Pennsylvania dairy farm. “Hey, if I were starting over from scratch today with what we know, I’d blow up the existing structure and start over,” he says. “What I’m talking about isn’t… Read more 6/13/2013 - Father of modern 401(k) says it fails many Americans (American Public Media Marketplace)
6/12/2013 - Why Retirement Planning is a Two-Headed Problem for Small Employers (Bloomberg Businessweek)
by borges on June 14, 2013 4:58 pm
Small business owners think that Americans’ lack of retirement security is a drag on the economy, according to a survey published today by the Main Street Alliance and the American Sustainable Business Council. Many of those same small business owners say it’s too expensive for them to offer retirement plans to their employees. Read the… Read more 6/12/2013 - Why Retirement Planning is a Two-Headed Problem for Small Employers (Bloomberg Businessweek)
6/12/2013 - Does the Longevity of Baby Boomers Bode Ill for the Federal Deficit? (Wisconsin Public Radio News)
by borges on June 14, 2013 4:55 pm
Sara Imhof of the Concord Coalition, a national group dedicated to eliminating the country’s deficit, was in Madison Wednesday. Imhof says aging baby boomers living longer will have consequences for Medicare and Social Security. Read the full article at Wisconsin Public Radio News.
6/8/2013 - Want to Fix Social Security? Use the Right Wrench (New York Times)
by borges on June 10, 2013 6:20 pm
Social Security is expected to run out of reserves by 2033 — a mere 20 years from now. With the public apparently opposed both to tax increases and to benefit cuts, the main politically feasible way to avoid such a fate seems to involve some monkeying with obscure aspects of the definition of benefits. Congress… Read more 6/8/2013 - Want to Fix Social Security? Use the Right Wrench (New York Times)
