Category: Financial -Landing 2013

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3/25/2013 - The 2013 Retirement Confidence Survey: Perceived Savings Needs Outpace Reality for Many (EBRI)

by on March 25, 2013 4:56 pm
The 23rd wave of the Retirement Confidence Survey (RCS) finds that Americans’ confidence in their ability to afford a comfortable retirement remains low, despite the improving economy. One apparent reason for this might be the realization by many workers of just what will be needed to secure a financially comfortable retirement. Others reasons may include… Read more 3/25/2013 - The 2013 Retirement Confidence Survey: Perceived Savings Needs Outpace Reality for Many (EBRI)
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3/24/2013 - Pension Funds Wary as Bankrupt City Goes to Trial (New York Times)

by on March 25, 2013 4:47 pm
Wall Street is taking America’s biggest pension fund to court this week, for a long-awaited battle over who takes the losses when a city goes bust — workers and retirees, municipal bondholders, or both. Stockton, Calif., declared Chapter 9 bankruptcy last year after suffering one of the country’s sharpest riches-to-rags swings when the mortgage bubble… Read more 3/24/2013 - Pension Funds Wary as Bankrupt City Goes to Trial (New York Times)

3/22/2013 - U.S. Retirement Poll: The Big Lie And The Big Fantasy

by on March 22, 2013 6:24 pm
The Employee Benefit Research Institute just rolled out its 23rd annual Retirement Confidence Survey and before you roll your eyes — another retirement survey?! — let me mention that it’s the mother of them all. Read the full article at Forbes.
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3/18/2013 - More 'sandwich' boomers aiding adult kids (MarketWatch)

by on March 18, 2013 9:46 pm
Last week, a study by the Urban Institute offered new details about how the Great Recession has torpedoed younger workers’ efforts to start their careers and build their savings. But as Encore contributor Glenn Ruffenach reminds us this week in the Wall Street Journal, when younger adults take an economic hit, their boomer-age parents often… Read more 3/18/2013 - More 'sandwich' boomers aiding adult kids (MarketWatch)
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3/15/2013 - In Spite of Recovery, More Workers Are Borrowing From 401(k)s (Bloomberg Businessweek)

by on March 18, 2013 9:44 pm
One statistic about U.S. household finances is so startling that it deserves its own post: Nearly one in three employees say they took a hardship loan or distribution from their 401(k) retirement accounts last year, up from one in four in 2011. Considering that hardship loans and distributions can trigger penalties or other costs, this… Read more 3/15/2013 - In Spite of Recovery, More Workers Are Borrowing From 401(k)s (Bloomberg Businessweek)

3/12/2013 - Pushing Back Retirement, and Not Always for Money (NY Times)

by on March 14, 2013 3:59 pm
IT’S not your grandfather’s retirement, not nearly as cut and dried. It’s not the simple picture of stopping work at 60 or 65, moving to Florida and devoting oneself to golf and bridge — not that it was ever totally that. Nowadays retirement is all over the map. It’s blurred, more elastic. Many people retire… Read more 3/12/2013 - Pushing Back Retirement, and Not Always for Money (NY Times)
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3/10/2013 - Research ties economic inequality to gap in life expectancy (Washington Post)

by on March 11, 2013 10:57 pm
ST. JOHNS COUNTY, Fla. — This prosperous community is the picture of the good and ever longer life — just what policymakers have in mind when they say that raising the eligibility age for Social Security and Medicare is a fair way to rein in the nation’s troublesome debt. The county’s plentiful and well-tended golf… Read more 3/10/2013 - Research ties economic inequality to gap in life expectancy (Washington Post)
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3/10/2013 - Cheaper Annuities with 'Benefits' (Wall Street Journal)

by on March 11, 2013 10:54 pm
With markets volatile and corporations scaling back defined-benefit pension plans, those in or near retirement are paying high fees to transform plain old variable annuities into a source of guaranteed income for life. But now, a handful of companies are rolling out lower-cost versions of these investments for those willing to give up some benefits,… Read more 3/10/2013 - Cheaper Annuities with 'Benefits' (Wall Street Journal)

3/5/2013 - For women, retirement planning woes start with economy (Reuters)

by on March 7, 2013 5:52 pm
It is time to stop blaming the victim when it comes to women and retirement planning. An endless stream of studies and surveys all show women are less prepared for retirement than men. The typical story line: “Women aren’t interested in managing money, and they’re not good at it. They’re more interested in other things… Read more 3/5/2013 - For women, retirement planning woes start with economy (Reuters)
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3/3/2013 - Recovery in U.S. is Lifting Profits, but Not Adding Jobs

by on March 4, 2013 6:19 pm
With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold. That gulf helps explain why stock markets are thriving even as the economy is barely growing and… Read more 3/3/2013 - Recovery in U.S. is Lifting Profits, but Not Adding Jobs