Category: Financial -Landing 2013

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9/20/2013 - The Long, Sorry Tale of Pension Promises (Wall Street Journal)

by on September 23, 2013 9:03 pm
Fifty years ago, the auto industry suffered a massive pension bust. The numbers back then were small, but pension failures are never about the numbers—they’re about human frailty. People are tempted to promise more than they can deliver. Today, cities and states across the country are way behind on the promises they made to their… Read more 9/20/2013 - The Long, Sorry Tale of Pension Promises (Wall Street Journal)
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9/22/2013 - At 77 He Prepares Burgers Earning in a Week His Former Hourly Wage (Bloomberg)

by on September 23, 2013 6:43 pm
It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe. Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a $10-an-hour food demonstrator at Sam’s Club,… Read more 9/22/2013 - At 77 He Prepares Burgers Earning in a Week His Former Hourly Wage (Bloomberg)
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9/20/2013 - The Quality of Jobs: The New Normal and the Old Normal (New York Times)

by on September 23, 2013 4:12 pm
Since the Great Recession of 2008-9, the labor market has recovered at an agonizingly slow pace. Despite 42 consecutive months of gains in private-sector employment, the unemployment rate is still at 7.3 percent; in December 2007 it was only 4.6 percent. The current unemployment rate is higher now than in 2007 across all age, education,… Read more 9/20/2013 - The Quality of Jobs: The New Normal and the Old Normal (New York Times)
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9/20/2013 - A Compelling Case for Work in Retirement (U.S. News & World Report)

by on September 20, 2013 7:48 pm
Many baby boomers want to keep working in some capacity after retirement. Whether the choice is theirs to make or they are forced to extend the length of their career, more and more people are building work into their retirement plans. Read the full article at U.S. News & World Report.
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9/18/2013 - NIRS report suggests ways U.S. could help solve its retirement crisis (Pensions&Investments)

by on September 19, 2013 4:55 pm
U.S. policymakers and employers dealing with a struggling retirement system might learn a few lessons from other countries, where tough choices and government mandates seem to working, according to several new reports. Read the full article at Pensions & Investments.
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9/17/2013 - How Obamacare could help retirement planning (Money Watch)

by on September 19, 2013 3:57 pm
Obamacare is coming soon to millions of Americans, with open enrollment in the program’s state-run exchanges starting in October and many of the significant features going live January 1. And while it remains controversial, there are some practical, financial and retirement planning reasons to welcome the new health care law. Read the full article at… Read more 9/17/2013 - How Obamacare could help retirement planning (Money Watch)
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9/17/2013 - 5 reasons you shouldn't retire (Market Watch)

by on September 19, 2013 3:56 pm
Should I retire? Impulsively, most of us want to answer with a resounding “YES!” You’ve had a long, exhausting career, and now it’s time to enjoy a little relaxation. When making the decision whether to retire, here are five of the biggest financial reasons you should wait. Read the full article at Market Watch.
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9/15/2013 - Obamacare could encourage more early retirements from baby boomers (Kansas City Star)

by on September 16, 2013 4:52 pm
The sound you hear could be baby boomers revving their early retirement engines. Insurance providers and financial planners expect the Affordable Care Act to encourage a flood of workplace departures from the 50-to-65 age group, which accounts for about 43 million members of the U.S. labor force. Read the full article at the Kansas City… Read more 9/15/2013 - Obamacare could encourage more early retirements from baby boomers (Kansas City Star)
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9/13/2013 - Some employers see perks of hiring older workers (Ocala Star Banner)

by on September 16, 2013 4:05 pm
Older people searching for jobs have long fought back stereotypes that they lack the speed, technology skills and dynamism of younger applicants. But as a wave of baby boomers seeks to stay on the job later in life, some employers are finding older workers are precisely what they need. “There’s no experience like experience,” said… Read more 9/13/2013 - Some employers see perks of hiring older workers (Ocala Star Banner)
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9/13/2013 - Financing Start-Up Dreams with Retirement Savings (New York Times)

by on September 16, 2013 4:02 pm
Bohnne Jones had always dreamed of being an architect or interior designer. Suzie Ford wanted to know if the home-brewed beer her husband, Todd, made was as good as people said it was, while Jan Morris figured owning a distillery would be more fun than being a divorce lawyer. They had three very different dreams,… Read more 9/13/2013 - Financing Start-Up Dreams with Retirement Savings (New York Times)