Category: Financial -Landing 2013

11/14/2013 - The boss makes how much? Study shows huge pension, pay gap (NBC)

If you needed a stark example of the growing wealth gap in America, look no further than this: CEO pension plans at some companies are now worth an average 239 times more than the retirement plans of the people they supervise, a new study shows. What’s more, compensation for chief executives is 550 times higher,… Read more 11/14/2013 - The boss makes how much? Study shows huge pension, pay gap (NBC)

11/14/2013 - How entrepreneurship extends boomers’ careers (MarketWatch)

There’s been no shortage of gloomy headlines about the struggles of workers age 50 and over. But there’s one area in which this age group continues to shine: entrepreneurship. Read the full article at WSJ MarketWatch.

11/13/2013 - You can still get a job with a pension (MarketWatch)

To most new hires, the idea of being eligible for a pension probably seems as far-fetched as being asked to write memos on an IBM Selectric typewriter. But a new study shows that a fair number of companies still offer the traditional retirement plans — and aren’t planning to get rid of them any time… Read more 11/13/2013 - You can still get a job with a pension (MarketWatch)

11/13/2013 - CFPB to Seniors: Know Your Financial Adviser (ReverseMortgageDaily)

The Consumer Financial Protection Bureau last Friday released a guide for seniors and others in the process of choosing a financial adviser, warning that similar to planning for retirement, it can be much more challenging than it sounds. The “Know your financial adviser” guide helps consumers ask the right questions when shopping around to ensure… Read more 11/13/2013 - CFPB to Seniors: Know Your Financial Adviser (ReverseMortgageDaily)

11/12/2013 - Fewer workers participating in company retirement plans, report says (L.A.Times)

The percentage of U.S. workers who participate in their employers’ retirement plans slipped to 39% in 2012, according to a report by the Employee Benefit Research Institute. Despite the tax savings and long-term benefits of stashing pre-tax money in retirement plans, the majority of workers fail to take advantage of employer-sponsored programs, such as 401(k)… Read more 11/12/2013 - Fewer workers participating in company retirement plans, report says (L.A.Times)

11/11/2013 - Intergenerational Equity: Who should pay for past retirement promises? (MoneyWatch)

Is it fair that today’s workers might have to pay for promises made to the current generation of retirees, even if these retirees didn’t pay for the full cost of their own benefits? The topic of “intergenerational equity” was the subject of a lively debate at the recent annual meeting of the Society of Actuaries… Read more 11/11/2013 - Intergenerational Equity: Who should pay for past retirement promises? (MoneyWatch)

11/11/2013 - Where? When? Couples facing retirement need to talk (USA Today)

Husband-and-wife Realty team Kevin Jordan and Lori Rust sometimes feel like they’re juggling a second job. “Not only do we have to be professionals in real estate and understand the market, we have to be marriage counselors to some degree,” Kevin says with a laugh. Couples relocating to Greater Phoenix for retirement can be overwhelmed… Read more 11/11/2013 - Where? When? Couples facing retirement need to talk (USA Today)

11/9/2013 - Older Americans alter attitude on work, retirement (SFGate)

Norris Danzey served 30 years in the Navy before he retired as a lieutenant commander in 2001, but he wasn’t ready to quit working. During the years he spent with young recruits, he saw the problems some had when they came into the military. “I felt like if I could do something about those problems while they’re… Read more 11/9/2013 - Older Americans alter attitude on work, retirement (SFGate)

11/7/2013 - Retired Boomers Will Hurt Consumer Spending, Economic Growth (Bloomberg Businessweek)

Retired Ford Motor (F) worker Tony Fransetta scrimps on every expense now that he earns about one-third of his final pay since leaving the auto company in 1990. “There is no magic bullet,” says Fransetta, 77, who lives in Wellington, Fla., near West Palm Beach. “I have cut vacations and travel. You have to manage… Read more 11/7/2013 - Retired Boomers Will Hurt Consumer Spending, Economic Growth (Bloomberg Businessweek)

11/6/2013 - Collecting Social Security on your ex – dead or alive! (InvestmentNews)

When I go on public speaking tours around the country, I love to watch the faces of the audience when I talk about Social Security claiming strategies for divorced spouses. In order to collect Social Security benefits on an ex-spouse, the marriage must have lasted at least 10 years and both parties must be at… Read more 11/6/2013 - Collecting Social Security on your ex – dead or alive! (InvestmentNews)