Category: financial security 2013

5/21/2013 - Gen Xers may never be able to retire

Typical Generation Xers now in their late 30s to late 40s saw their net worth drop by a larger proportion than older Americans during the financial crisis and came out of it less prepared for retirement than the post-World War II boomer generation, according to a new study. Read the full article at MarketWatch.

5/21/2013 - Boomer ministers face big financial burden

People over 50 now comprise the fastest growing age group at U.S. divinity schools, where they account for 20% of the student body, up from 12% in 1995. But those who take this path also potentially face something that can be a side effect of any midlife career change—namely, years of financial uncertainty and sacrifice.… Read more 5/21/2013 - Boomer ministers face big financial burden

5/20/2013 - In retirement, can more debt be wise?

Conventional wisdom says homeowners should pay off their home loans before retirement. But for some affluent seniors, a mortgage may be a better financial decision. Read the full article at MarketWatch.

5/20/2013 - Senior poverty is much worse than you think

One frequent knock on the official poverty rate is that it generally excluded income from some government programs like food stamps and the Earned Income Tax Credit, but included income from others, like Temporary Assistance for Needy Families (TANF) and Social Security. That means people who, if those benefits were treated as cash, wouldn’t be… Read more 5/20/2013 - Senior poverty is much worse than you think

5/17/2013 - How to see the world and 'arbitrage' your retirement

In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a special projects editor for International Living magazine. But by residing in the village of Cotacachi in the Ecuadorian Andes, he… Read more 5/17/2013 - How to see the world and 'arbitrage' your retirement

5/17/2013 - Recession Will Haunt Gen-X Into Retirement

Early baby boomers (those born between 1946 and 1955) may be “the last group on track to retire with enough savings to maintain their financial security through their golden years.” the study finds. But the rest of us are in for a world of hurt — especially Gen-Xers (born between1966 and 1975). Read the full… Read more 5/17/2013 - Recession Will Haunt Gen-X Into Retirement

5/17/2013 - Future retirees at risk of downward mobility, Pew finds

The retirement prospects of Americans are slipping for the first time in generations, according to a report released Thursday, adding a new voice to those warning that future retirees face the risk of downward mobility when they leave the workforce. Read the full article at The Washington Post.

5/16/2013 - Tips for college grads: How to retire rich

“Invest in your career,” said Steve Vernon, a consulting research scholar at the Stanford Center on Longevity, Financial Security Division. “If you don’t have strong earnings, you won’t be able to save much money. Read the full article at MarketWatch.

5/16/2013 - Average US Retirement Age Is 61 — And Rising

The average U.S. retirement age has climbed to 61, up from 57 two decades ago, and it’s likely to age higher, according to Gallup’s Economy and Personal Finance survey. Read the full article at CNBC.

5/16/2013 - Why the health cost slowdown is great for grandparents

The recent slowdown in health care costs matters a lot for the federal government, which buys health benefits for tens of millions of Americans. It also turns out to matter significantly for retirees. Read the full article at The Washington Post.