Category: Financial -Landing 2013

2/5/2013 - More Than 75 Percent Of Americans Delayed Their Retirement To Avoid Losing Health Benefits (ThinkProgress)

Tying health insurance benefits directly to employment is forcing most Americans to work longer than they would have otherwise, a new study from the Employee Benefits Research Institute finds. Read the full article at Think Progress.

2/4/2013 - Can I Get An Encore? 7 Tips for Older Entrepreneurs (Forbes)

Half of Americans ages 50 to 70 want jobs that contribute to the greater good, now and in retirement. Marci Alboher (@heymarci), vice president of Encore.org (formerly Civic Ventures), offers advice to baby boomers who want to earn income and give back as a part of a workforce for change. Read the full article at Forbes.

2/4/13 - Outsmarting con artists (American Psychological Association)

Each year, researchers estimate that more than 30 million Americans are victims of financial fraud, whether it’s losing their retirement savings to a deceitful financial advisor, falling for an Internet scam or having their money surreptitiously siphoned by their own adult children. Fraud may total up to $50 billion annually in the United States and… Read more 2/4/13 - Outsmarting con artists (American Psychological Association)

2/3/13 - New Annuity Gurantees Raise Questions (Wall Street Journal)

With millions of baby boomers headed to retirement without old-fashioned pension plans as safety nets, here is a product that would seem to have big appeal: a guarantee of lifetime income from a portfolio of ordinary mutual funds—however long the investor lives and even if the stock market tanks. That’s what the life-insurance industry thinks.… Read more 2/3/13 - New Annuity Gurantees Raise Questions (Wall Street Journal)

2/2/13 - In Hard Economy for All Ages, Older Isn't Better ... It's Brutal (New York Times)

Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings. In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest… Read more 2/2/13 - In Hard Economy for All Ages, Older Isn't Better ... It's Brutal (New York Times)

1/31/2013 - Americans want to raise payroll taxes and Social Security benefits (Washington Post)

Seventy-three years ago today, the first Social Security checks went out to beneficiaries. The anniversary comes at a difficult time for the program. It narrowly escaped a cut floated by the Obama administration in the fiscal cliff negotiations that would have reduced cost-of-living increases going forward. While it’s not in danger anytime soon, it does… Read more 1/31/2013 - Americans want to raise payroll taxes and Social Security benefits (Washington Post)

1/30/2013 - The Health Care Law and Retirement Savings (New York Times)

Because of its definition of affordability, beginning next year the Affordable Care Act may affect retirement savings. Read the full article at The New York Times.

1/29/2013 - Sandwich generation takes a hit supporting adult children and aging parents (Washington Post)

More parents are providing significant financial support for their adult children even as they cope with the needs of their own aging parents, according to a new survey of the middle-aged “sandwich generation.” Read the full article at The Washington Post.

1/28/13 - Investors Worry More About Long-Term Care Than Retirement Planning: UBS (Onwallstreet)

Most financial advisors focus on helping clients build up a nest egg for a comfortable retirement, but is that what people really want? Yes, but not primarily. According to a report from UBS Wealth Management Americas, long-term care is respondents’ greatest personal financial concern. Read the full article at Onwallstreet.

1/26/13 - Alaska, D.C. Have Highest Proportion of Seniors Working Longer (The Examiner)

Many Washington-area seniors are eschewing retirement for more time at the office — some by choice, and some by necessity. The District is second only to Alaska in the percentage of those 65 and older still in the workforce, according to new data released by the U.S. Census Bureau. Of the 69,738 residents in that… Read more 1/26/13 - Alaska, D.C. Have Highest Proportion of Seniors Working Longer (The Examiner)