Category: Financial -Landing 2013

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6/8/2013 - For Retirees, a Million-Dollar Illusion (New York Times)

by on June 10, 2013 6:10 pm
A million dollars isn’t what it used to be. In 1953, when “How to Marry a Millionaire” was in movie theaters, $1 million bought the equivalent of $8.7 million today. Now $1 million won’t even buy an average Manhattan apartment or come remotely close to paying the average salary of an N.B.A. basketball player. Still,… Read more 6/8/2013 - For Retirees, a Million-Dollar Illusion (New York Times)
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6/6/2013 - Wealth Lost in Slump Returns (Wall Street Journal)

by on June 10, 2013 5:27 pm
Americans have rebuilt much of the wealth they lost during the recession. The net worth of U.S. households and nonprofit organizations—the value of homes, stocks and other assets minus debts and other liabilities—jumped 4.5%, or about $3 trillion, in the first three months of 2013 to $70.349 trillion. That is the highest in nominal terms… Read more 6/6/2013 - Wealth Lost in Slump Returns (Wall Street Journal)

6/5/2013 - Report: Entitlement changes to put seniors at financial risk (Washington Post)

by on June 6, 2013 8:46 pm
Nearly half of the nation’s elderly population is “economically vulnerable” and would be particularly hard hit by even modest changes in the Social Security and Medicare programs being considered to slow the growth of the nation’s long-term debt, according to a new report. Read the full article at The Washington Post.

6/4/2013 - Pension Plans Beat 401(k) Savers Silly -- Here's Why (Forbes)

by on June 6, 2013 4:43 pm
If you were aiming to save enough money to retire, really retire, and feel secure in your old age, would you be better off in a traditional pension plan? Sure, but not for the reason you think. Read the full article at Forbes.

6/4/2013 – Federal workers could enjoy a ‘phased retirement’ from the office (Washington Post)

by on June 6, 2013 4:41 pm
With their pay frozen and reduced by furloughs and their credibility at times questioned, you’d think federal employees would dash for the door as soon as they were eligible to retire. Instead, many have pushed for a way to hang around the workplace a little bit longer, to ease into retirement while transferring their skills… Read more 6/4/2013 – Federal workers could enjoy a ‘phased retirement’ from the office (Washington Post)
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6/3/2013 - More firms offer workers phased retirement (The Detroit News)

by on June 3, 2013 5:55 pm
There is an oft-told story about what happens when a worker at the Stanley Consultants engineering firm decides to retire. “They say you have the retirement party one day and you come back to work the next,” said Mary Jo Finchum, spokeswoman for the Muscatine, Iowa-based company. Stanley is among the U.S. employers that have… Read more 6/3/2013 - More firms offer workers phased retirement (The Detroit News)
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6/2/2013 - Trends in Health Coverage for Part-Time Workers (EBRI)

by on June 3, 2013 5:26 pm
The recent recession has already resulted in an increased use of part-time workers: The percentage of workers employed part-time has been rising since 2007, increasing from 16.7 percent to 22.2 percent in 2011Part-time workers have experienced a much larger decline in coverage than full-time workers. Between 2007 and 2011, full-time workers experienced a 2.8 percent… Read more 6/2/2013 - Trends in Health Coverage for Part-Time Workers (EBRI)

5/30/2013 - Boomers aren't working forever, after all (Reuters)

by on May 30, 2013 7:52 pm
Baby boomers have been talking a good game for years about working longer and reinventing the last third of life. Now that it’s game time, their retirement decisions look somewhat conventional. Read the full article at Reuters.

5/30/2013 - Variation In Medicare Costs Is Mainly Due To Post-Acute Care (Forbes)

by on May 30, 2013 7:45 pm
Health policy wonks have been pointing for a while now to large variations in Medicare spending across different parts of the country. Live in Miami, and the government is probably going to spend a heck of a lot more for you on Medicare than if you live in Minneapolis, even after accounting for how healthy or… Read more 5/30/2013 - Variation In Medicare Costs Is Mainly Due To Post-Acute Care (Forbes)

5/28/2013 - Why Gen X And Late Boomers Aren't On Track For Retirement (Forbes)

by on May 30, 2013 5:22 pm
According to a recent study, Gen X and late baby boomers are on track to replace only about half of their current income when they reach retirement — which means they’ll need to seriously downgrade their lifestyles. Most financial planners recommend replacing, at the very least, 70% of one’s income. Read the full article at… Read more 5/28/2013 - Why Gen X And Late Boomers Aren't On Track For Retirement (Forbes)