Category: financial security 2013

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11/18/2013 - Aging Americans have a new companion: higher debt

by on November 18, 2013 6:26 pm
The result? It used to be that households headed by someone over the age of 50 began to deleverage — that is, pay down their debt. Now, we’re seeing an opposite phenomenon: those families instead go further into arrears, acquiring even more debits on the household budget sheet at ages previous generations associated with the… Read more 11/18/2013 - Aging Americans have a new companion: higher debt
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11/18/2013 - The Elephant In The Room When It Comes To Family And Retirement

by on November 18, 2013 5:58 pm
To better understand how families impact retirement plans, Age Wave,  in partnership with Merrill Lynch completed a large, groundbreaking survey entitled “Family & Retirement: The Elephant in the Room.” Conducted by research firm Harris Interactive, the survey gathered responses from a representative sample of more than 5,000 people age 25 and older from all walks of life (including thousands… Read more 11/18/2013 - The Elephant In The Room When It Comes To Family And Retirement
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11/14/2013 - How entrepreneurship extends boomers’ careers

by on November 14, 2013 6:40 pm
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 MarketWatch.
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11/13/2013 - The 401(k) of the Future Could Save Retirement

by on November 13, 2013 5:32 pm
You’ve already said goodbye to defined-benefit plans. Now say goodbye to defined-contribution plans, and hello to a promising new wrinkle known as the defined-ambition plan. Read the full article at Time.
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11/12/2013 - Two Surest Ways to Boost Millennials’ Retirement Savings

by on November 12, 2013 4:40 pm
Millennials understand that they need to save. Two simple policy shifts will give them the means. Read the full article at Time.
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11/11/2013 - Intergenerational equity: Who should pay for past retirement promises?

by on November 11, 2013 10:54 pm
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?
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11/10/2013 - Just how much pension peril are we in?

by on November 10, 2013 10:51 pm
In this extended interview, Harvard Business Review editor Justin Fox discusses how the U.S. system is faring in a global perspective and what adjustments might be of benefit to the growing number of American retirees. Reda the full article at PBS NewsHour.
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11/4/2013 - Older voters nix Social Security cuts

by on November 4, 2013 7:35 pm
As headlines go, it’s approaching “Dog Bites Man” territory, but it’s a story worth citing all the same as an illustration of the obstacles facing any effort to put Social Security on sounder financial footing. In an Associated Press-NORC Center for Public Affairs poll, most voters aged 50 and over opposed any changes to the retirement… Read more 11/4/2013 - Older voters nix Social Security cuts
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11/4/2013 - Will Social Security run out of money?

by on November 4, 2013 7:25 pm
Social Security is not in financial trouble, at least not under the current laws that govern the retirement program. That’s the unequivocal answer from Steve Goss, chief actuary for the Social Security Administration, who spoke recently about Social Security’s funding challenges at the annual meeting of the Society of Actuaries in San Diego. But what… Read more 11/4/2013 - Will Social Security run out of money?
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10/24/2013 - Many Americans don't expect to ever retire

by on October 24, 2013 4:54 pm
A new Wells Fargo study found that 37% of people don’t ever expect to retire, but instead will have to “work until I’m too sick or die.” Survey respondents say paying the monthly bills is their highest priority, and saving for retirement is a distant second. Read the full article at USA Today.