Category: Financial -Landing 2013

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10/1/2013 - How to find financial advice you can trust (MarketWatch)

by on October 3, 2013 3:46 pm
Americans say it’s tough to find trusted financial advice If you’re worried and uncertain about how to find financial advice you can trust, you’re not alone. Almost half of Americans said it’s hard to know which sources of advice to trust, according to a new survey. Read the full article at MarketWatch.
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10/1/2013 - Study shows how to fix big flaw with 401(k) plans (MoneyWatch)

by on October 1, 2013 3:56 pm
To set the stage for future changes, a new study from the Stanford Center on Longevity (SCL) and the Society of Actuaries (SOA) shows employers how they can help their older workers plan for a secure retirement. Read the full article at MoneyWatch.

9/30/2013 - The Rise of Semi-Retirement (US News & World Report)

by on September 30, 2013 8:31 pm
Switching directly from a full-time job that consumes most of your waking hours to retirement can be a very abrupt change. More than a third of working Americans say they would like to semi-retire, or cut back their hours, before retiring completely, according to a recent HSBC and Cicero Group survey. Workers have both personal… Read more 9/30/2013 - The Rise of Semi-Retirement (US News & World Report)

9/30/2013 - How Does Household Income Change in the Ten Years Around Age 65? (EBRI)

by on September 30, 2013 5:02 pm
This study constructs a measure similar to the traditional replacement rate: a post-65 to pre-65 income ratio, comparing the household income five and ten years prior to age 65 with that of household income five and ten years after age 65. While similar to the traditional replacement rate in terms of construction, it is different… Read more 9/30/2013 - How Does Household Income Change in the Ten Years Around Age 65? (EBRI)

9/29/2013 - A Great Annuity Plan Called Social Security: Deferring Benefits Can Yield a Significant Advantage (Wall Street Journal)

by on September 30, 2013 4:55 pm
Know how to get a great deal on an annuity today? Tap your 401(k) or IRA for living expenses in your first few years of retirement so you can postpone taking Social Security. Most people start their Social Security benefits as early as possible, at age 62, or at least by their “normal” retirement age,… Read more 9/29/2013 - A Great Annuity Plan Called Social Security: Deferring Benefits Can Yield a Significant Advantage (Wall Street Journal)

9/27/2013 - 18% of the workforce could retire within five years (LifeHealthPro)

by on September 30, 2013 4:45 pm
Eighteen percent of the workforce could retire within the next five years. The finding, in a recent report by the ADP Retirement Research Institute, a research arm of the global provider of human capital management solutions, is an appropriate reminder of the heft of the Baby Boomer generation and the impact their ageing will have… Read more 9/27/2013 - 18% of the workforce could retire within five years (LifeHealthPro)

9/26/2013 - Carrying Debt After Retirement (New York Times)

by on September 27, 2013 5:51 pm
If college debt is a hindrance to young adults, mortgage debt is the drag on homeowners heading into retirement. A much higher proportion of homeowners over 65 are carrying mortgage debt compared with past generations. And that debt could make it harder for them to stay in their homes. Read the full article at the… Read more 9/26/2013 - Carrying Debt After Retirement (New York Times)

9/26/2013 - Public-employee contributions to pensions will reach 7% (The Business Journal)

by on September 26, 2013 7:03 pm
Wisconsin public-sector employees are facing another increase — to a 7 percent total contribution — in their pension contribution under Gov. Scott Walker‘s 2011 legislation requiring employees in the state retirement system to share retirement costs with their employers. The amount Wisconsin public-sector employees and their employers contribute toward pensions in the Wisconsin Retirement System… Read more 9/26/2013 - Public-employee contributions to pensions will reach 7% (The Business Journal)
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9/25/2013 - Should we bring back mandatory retirement? (MarketWatch)

by on September 26, 2013 6:10 pm
While the unemployment rate for older workers is lower than that for the general population, older workers who lost their jobs during the Great Recession are still suffering.  The re-employment rate for those ages 55 to 64 is 47%, compared to 62% for 20-to-54-year-olds.  And it takes an average of 52 weeks for older workers… Read more 9/25/2013 - Should we bring back mandatory retirement? (MarketWatch)
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9/25/2013 - Gen Y Women Less Confident in Financial Planning Than Boomers? (ABC News)

by on September 25, 2013 11:33 pm
Despite women working and earning more than ever before, many Generation Y females are not inclined to take the reins when it comes to retirement planning, according to an online survey. Instead, they defer to their mates. An unscientific study fielded by Fidelity Investments in May analyzed 1,616 individuals (or 808 couples) who were age… Read more 9/25/2013 - Gen Y Women Less Confident in Financial Planning Than Boomers? (ABC News)