Category: Financial -Landing 2013
4/30/2013 - Cordray Calls for Financial Education in Schools (American Banker)
by mbeals on May 2, 2013 9:59 pm
The Consumer Financial Protection Bureau is recommending that policymakers implement a nationwide financial education program into grade school as well as standardized tests. Upon issuing a white paper Tuesday, CFPB Director Richard Cordray called the current process “utterly unacceptable” in which consumers mostly learn how to manage their finances by trial-and-error. Read the full article… Read more 4/30/2013 - Cordray Calls for Financial Education in Schools (American Banker)
4/29/2013 - Adjustable pension plan design begins to gain converts (Pensions & Investments)
by borges on April 29, 2013 7:00 pm
A new pension plan design that allows employers to drastically reduce their risk while still providing lifetime income to participants is gaining support as an alternative to moving employees into a defined contribution plans. The adjustable pension plan was conceived by Richard Hudson, principal consulting actuary at Cheiron Inc., New York. Its key difference from… Read more 4/29/2013 - Adjustable pension plan design begins to gain converts (Pensions & Investments)
4/29/2013 - Women Want More - Desire for Financial and Retirement Planning Knowledge Nearly Doubles Since 2006 (Allianz Life)
by borges on April 29, 2013 4:42 pm
More than six in ten women (62%) said they have an interest in learning about financial planning, retirement planning and investing according to the 2013 Women, Money & Power Study* from Allianz Life Insurance Company of North America (Allianz Life), nearly double the amount (35%) who indicated interest in these topics during the original study… Read more 4/29/2013 - Women Want More - Desire for Financial and Retirement Planning Knowledge Nearly Doubles Since 2006 (Allianz Life)
4/27/2013 - Women need to plan for a longer post-work life than men (Washington Post)
by borges on April 28, 2013 9:48 pm
Facebook Chief Operating Officer Sheryl Sandberg’s exhortation for women to “lean in” to their careers has encountered more than a bit of push back. But if there is one thing women need to seriously lean into, it is planning for what comes after the career: a long post-work life. Granted, retirement planning is challenging for… Read more 4/27/2013 - Women need to plan for a longer post-work life than men (Washington Post)
4/25/2013 - To cut health bills, boomers need 20-somethings
by admin on April 26, 2013 5:34 pm
Baby boomers with individual health plans stand to benefit big-time when public insurance exchanges launch on January 1. The centerpiece of the Affordable Care Act, these state-level marketplaces will improve boomers’ access to health coverage and may even bring down underlying premiums for those who don’t qualify for a government subsidy, experts say. Read the… Read more 4/25/2013 - To cut health bills, boomers need 20-somethings
4/25/2013 - What's Blowing Up Retirement (Wall Street Journal)
by borges on April 26, 2013 5:17 pm
Research released today confirms that debt threatens to be a retirement time bomb. About half of 526 retirees surveyed last month said that they carried debt into retirement. About half of those in debt owed at least $25,000, and one in five owed at least $100,000, according to Securian Financial Group, a St. Paul, Minn., financial-services… Read more 4/25/2013 - What's Blowing Up Retirement (Wall Street Journal)
4/24/2013 - Best financial decision? Paying off mortgage (MarketWatch)
by borges on April 26, 2013 5:00 pm
Quick, what’s the best money move you ever made? For 40% of people aged 55 and older, it was paying off their mortgage, according to a Harris Interactive survey of about 1,540 people for Northwestern Mutual, an insurance and financial-services firm. And 40% of the over-55 group also said starting to save early was one… Read more 4/24/2013 - Best financial decision? Paying off mortgage (MarketWatch)
4/24/2013 - Poll: Aging US in denial abou long-term care (Boston.com)
by borges on April 26, 2013 4:46 pm
We’re in denial: Americans underestimate their chances of needing long-term care as they get older — and are taking few steps to get ready. A new poll examined how people 40 and over are preparing for this difficult and often pricey reality of aging, and found two-thirds say they’ve done little to no planning. In… Read more 4/24/2013 - Poll: Aging US in denial abou long-term care (Boston.com)
4/19/2013 - Cash Balance Plans Could Overtake 401(k)s (Plansponsor)
by borges on April 22, 2013 10:04 pm
Cash balance plans are growing in popularity and could overtake 401(k) retirement plans within the next few years, according to research from Sage Advisory Services. Read the full article at Plansponsor.
4/19/2013 - Budget Negotiating Chip Has Big Downside for Old and Poor (New York Times)
by borges on April 22, 2013 9:51 pm
President Obama has put Social Security on the table in an attempt to reach a bipartisan agreement on the federal budget deficit, a move that would hit the program’s beneficiaries when they are at their most vulnerable. The president has proposed slowing the rate at which benefits increase over time, a change that would ultimately… Read more 4/19/2013 - Budget Negotiating Chip Has Big Downside for Old and Poor (New York Times)
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