Category: Financial -Landing 2013
1/12/2013 - Over 50, and Under No Illusions (New York Times)
by borges on January 14, 2013 7:30 pm
It’s a baby boomer’s nightmare. One moment you’re 40-ish and moving up, the next you’re 50-plus and suddenly, shockingly, moving out — jobless in a tough economy. Too young to retire, too old to start over. Or at least that’s the line. Comfortable jobs with comfortable salaries are scarce, after all. Almost overnight, skills honed… Read more 1/12/2013 - Over 50, and Under No Illusions (New York Times)
1/11/2013 - Tenure, Tracked (EBRI)
by borges on January 14, 2013 7:28 pm
When it comes to things like working careers, there is a widespread assumption that past generations worked for a single employer for all, or most of his/her working years, and then retired with a pension and a gold watch. In contrast, current American workers are believed to change jobs (much) more frequently. In fact, many… Read more 1/11/2013 - Tenure, Tracked (EBRI)
1/9/2013 - Diversity Research Clarifies Issues, Offers Solutions (Vanguard)
by borges on January 14, 2013 7:27 pm
In recent years, there has been a growing interest in the study of workforce diversity in defined contribution (DC) retirement plans—and in particular, the role of race and ethnicity in savings and investment choices. To help inform plan sponsors about the differences in savings and investment behavior among Asian, black, Hispanic, and white participants, Vanguard… Read more 1/9/2013 - Diversity Research Clarifies Issues, Offers Solutions (Vanguard)
1/9/2013 - Fiscal Cliff Aftermath: New Option for 401(k) Savers (Time)
by mbeals on January 10, 2013 6:08 pm
In an effort to unlock tax revenue, not just raise rates on the wealthy, architects of the fiscal cliff deal handed certain retirement savers a small bonus: You can now convert traditional 401(k) plan assets into a Roth 401(k) regardless of age and employment status. Read the full article at Time.
1/8/2013 - Taming the health-care monster? (The Washington Post)
by mbeals on January 10, 2013 6:06 pm
Are we finally controlling health spending? Few issues loom larger in the economic outlook. For years, spiraling health costs — mainly for Medicare and Medicaid, which serve the elderly and the poor — have consumed a growing share of the federal budget. Meanwhile, rapid increases in premiums for employer-provided insurance have squeezed take-home pay. So… Read more 1/8/2013 - Taming the health-care monster? (The Washington Post)
1/7/2013 - How Much Financial Inequality Is Due to Financial Illiteracy? (Freakonomics)
by borges on January 7, 2013 9:48 pm
Annamaria Lusardi, whose ground-breaking research on financial literacy has been featured on Freakonomics several times, has put out a new working paper (with co-authors Pierre-Carl Michaud and Olivia S. Mitchell) that could be read as laying much of the blame for the lack of household wealth at the foot of the members of said household.… Read more 1/7/2013 - How Much Financial Inequality Is Due to Financial Illiteracy? (Freakonomics)
1/6/2013 - Madoff Aside, Financial Fraud Defies Policing (New York Times)
by borges on January 7, 2013 9:41 pm
To Philip Horn, the Braemar Country Club was not just a golf course, it was an extension of his office. Most weeks, Mr. Horn, a financial adviser at Wells Fargo, chatted up potential clients between holes at the upscale club set against the backdrop of the Santa Monica Mountains. “I always thought, ‘This is a… Read more 1/6/2013 - Madoff Aside, Financial Fraud Defies Policing (New York Times)
1/1/2013 - Fiscal Cliff Deal Affects Wide Range of Benefit and Compensation Programs (Towers Watson)
by borges on January 7, 2013 9:33 pm
After weeks of highly partisan negotiations, Congress adopted the American Taxpayer Relief Act (H.R.8) on January 1, 2013, to address key elements of the fiscal cliff — the combination of tax increases and spending cuts that kicked in with the new year. While the legislation’s most significant provisions include higher tax rates for high-income taxpayers… Read more 1/1/2013 - Fiscal Cliff Deal Affects Wide Range of Benefit and Compensation Programs (Towers Watson)
