Category: financial security 2013
10/23/2013 - Most Americans accumulating debt faster than they’re saving for retirement
by admin on October 23, 2013 4:51 pm
A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found. Read the full article at The Washington Post.
10/22/2013 - Cities Grapple With Pension Debt
by admin on October 22, 2013 11:24 pm
Dozens of local municipalities are facing major budget issues, with pension debts getting much of the blame. And many city workers are finding their retirement funds in danger, or worse. Host Michel Martin speaks with Michael Fletcher of The Washington Post, about the issue. Read the full article at National Public Radio (NPR).
10/18/2013 - Why 65 is Too Young to Retire
by admin on October 18, 2013 9:13 pm
The magical age 65 that signaled retirement time for our parents might not hold true for the baby boomer generation. Sure the idea is appealing to call it quits before we are too old to appreciate and enjoy our second act. But the reality may be that 65 is just too young to retire. Read… Read more 10/18/2013 - Why 65 is Too Young to Retire
10/16/2013 - Americans need a simple retirement system
by admin on October 16, 2013 8:30 pm
“We should never have let our retirement system evolve into one where individuals are responsible for all of the complicated decisions of saving and investing for retirement. But given where we are, we need to make the system we have as easy and automatic as possible.” Read the full article at MarketWatch.
10/15/2013 - Older workers: Age bias makes job hunt tougher
by admin on October 15, 2013 10:50 pm
If you’ve looked for work in recent years, you won’t be surprised to hear that it’s a tough slog and that older job seekers often encounter age bias. But a new survey also finds snippets of good news to cheer older workers and boomer job-hunters. Read the full article at MarketWatch.
10/15/2013 - Sorry, Kids. We Ate It All.
by admin on October 15, 2013 4:08 pm
Eventually this shutdown crisis will end. And eventually the two parties will make another stab at a deal on taxes, investments and entitlements. But there’s one outcome from such negotiations that I can absolutely guarantee: Seniors, Wall Street and unions will all have their say and their interests protected. So the most likely result will… Read more 10/15/2013 - Sorry, Kids. We Ate It All.
10/14/2013 - Patients Mired in Costly Credit From Doctors
by admin on October 14, 2013 11:20 pm
In dentists’ and doctors’ offices, hearing aid centers and pain clinics, American health care is forging a lucrative alliance with American finance. A growing number of health care professionals are urging patients to pay for treatment not covered by their insurance plans with credit cards and lines of credit that can be arranged quickly in… Read more 10/14/2013 - Patients Mired in Costly Credit From Doctors
10/14/2013 - Most Americans expect to work during 'retirement,' poll finds
by admin on October 14, 2013 10:51 pm
Among Americans ages 50 and older who currently have jobs, 82% expect to work in some form during retirement, according to the poll by the Associated Press-NORC Center for Public Affairs Research. Read the full article at Los Angeles Times.
10/14/2013 - How much retirement income will you receive?
by admin on October 14, 2013 5:13 pm
Do you want to have significant influence over how much monthly retirement income you receive from your 401(k), IRA, and other savings after you retire? A new study by the Stanford Center on Longevity and the Society of Actuaries (authored by the writer of this post) found that can best be achieved by picking the… Read more 10/14/2013 - How much retirement income will you receive?
10/14/2013 - Poll: Half of Older Workers Delay Retirement Plans
by admin on October 14, 2013 5:09 pm
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat… Read more 10/14/2013 - Poll: Half of Older Workers Delay Retirement Plans