Category: Financial -Landing 2013
5/15/2013 - 4% Rule for Retirement Withdrawals Is Golden No More (NY Times)
by mbeals on May 16, 2013 4:00 pm
ONE thing most retirees want to avoid is outliving their money. Since the mid-1990s many of them have relied on a staple of retirement planning known as the 4 percent rule to avoid that. Although the name says 4 percent, the rule is that if retirees withdraw 4.5 percent of their savings every year, adjusted… Read more 5/15/2013 - 4% Rule for Retirement Withdrawals Is Golden No More (NY Times)
5/14/2013 - How They Do It Elsewhere (NY Times)
by mbeals on May 15, 2013 4:06 pm
The United States can boast that it has the world’s best basketball players, fighter jets and country and western singers. But hardly anyone would ever boast that the United States has the world’s best retirement system. Scores of other countries have elaborate retirement systems, and some of them avoid the biggest pitfalls of America’s retirement… Read more 5/14/2013 - How They Do It Elsewhere (NY Times)
5/12/2013 - Market rebounds, but retirement confidence doesn't (Philly.com)
by borges on May 13, 2013 6:11 pm
Workers appear to have little faith that the economic recovery and the stock market’s climb have left them better prepared for retirement. Confidence in the ability to afford a comfortable retirement remains at the same record low level recorded in 2011, and is slightly lower than last year, according to the Employee Benefit Research Institute,… Read more 5/12/2013 - Market rebounds, but retirement confidence doesn't (Philly.com)
5/12/2013 - Annuities regain a bit of luster as retirements get longer (Boston Globe)
by borges on May 13, 2013 5:04 pm
Oft maligned for high fees and low returns, annuities have long been viewed as an option reserved for the stodgiest of investors. Today, however, annuities are making a comeback as a savvy retirement planning vehicle. What’s changed? People are realizing they could live a very long time. With one in eight 65-year-old men and one… Read more 5/12/2013 - Annuities regain a bit of luster as retirements get longer (Boston Globe)
5/9/2013 - SEC, FINRA warn retirees on pension buyouts (Reuters)
by mbeals on May 10, 2013 9:59 pm
The top securities regulators on Thursday warned individual investors about pension purchasing companies that persuade retirees and military veterans to sign over pension checks in return for lump-sum payments, as regulatory concerns about the practice mount. Read the full article at Reuters.
5/9/2013 - Age discrimination: Boomers are guilty, too (Wall Street Journal)
by mbeals on May 10, 2013 9:57 pm
It’d be nice to think that as the 76-milllion-strong baby-boom generation marches into older age it will trample age discrimination into the dust. Don’t hold your breath. While some say there are signs of incremental improvement—the bias may be a little less blatant than in decades past—it’s also true that mature folks probably are as… Read more 5/9/2013 - Age discrimination: Boomers are guilty, too (Wall Street Journal)
5/8/2013 - 5 prime annuity prospects (Life Health Pro)
by mbeals on May 10, 2013 9:55 pm
Annuities are tools. They are acquired because the purchaser has a particular job to be done and is willing to exchange his money for a tool to do that job. In many ways, this exchange transaction is like the purchase of a hammer. The hammer has certain specifications — type and strength of the metal,… Read more 5/8/2013 - 5 prime annuity prospects (Life Health Pro)
5/6/2013 - Americans' Perspective on New Retirement Realities and the Longevity Bonus (Merrill Lynch)
by borges on May 6, 2013 3:49 pm
With people living and often working longer than any preceding generation, this study examines their perspectives about preparing for retirement and living the best life that they can during their later years. How are people adjusting to this great life transition in today’s environment? How have their attitudes about retirement shifted in response to new… Read more 5/6/2013 - Americans' Perspective on New Retirement Realities and the Longevity Bonus (Merrill Lynch)
5/2/2013 - Time to wake from the American Dream and face retirement reality (LA Times)
by mbeals on May 2, 2013 10:05 pm
The retirement plans of more and more Americans are about as connected to reality as Grimm’s Fairy Tales. Grim is exactly what it is going to be for these folks when, in their 70s, their 401(k)s have petered out, they have no pensions and no income except what they get from the tottering Social Security… Read more 5/2/2013 - Time to wake from the American Dream and face retirement reality (LA Times)
5/1/2013 - Why you should fill an ‘emergency bucket’ (Wall Street Journal)
by mbeals on May 2, 2013 10:03 pm
Many retirees think long and hard about their bucket lists. But financial advisers say they should give equal attention to the different buckets of their retirement portfolios—a strategy that can help if unexpected medical costs arise. Read the full article at The Wall Street Journal.
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