Category: financial security 2013

10/14/2013 - Working Longer—Older Americans’ Attitudes on Work and Retirement

Associated Press-NORC Center for Public Affairs Research survey details the changing nature of work and aging in America and its implications for individuals and the economy; results include older Americans views on future of Social Security. Read the full article at NORC at the University of Chicago.

10/11/2013 - Finance Class on the Web, for Students of All Ages

There are few entirely conflict-free places where investors can educate themselves on the topic, and there’s little to no money-related guidance offered within the public school system, which is where the financial groundwork should really be laid. Joshua Rauh, a finance professor at the Stanford Graduate School of Business, is acutely aware of that. And… Read more 10/11/2013 - Finance Class on the Web, for Students of All Ages

10/11/2013 - The U.S. Faces A Married Couples' Retirement Crisis

You know about America’s retirement savings woes, but you might not be aware that the nation may be facing another, more personal disaster. Call it The Married Couples’ Retirement Crisis. Read the full article at Forbes.

10/11/2013 - Fed shutdown and your retirement: Remain calm

Retirees and those saving for retirement may be worried about their investments, taxes and retirement plans as the federal government shutdown drags on, and lawmakers argue about extending the debt ceiling. But retirement advisers say you should take a deep breath and hold on. Read the full article at MarketWatch.

10/8/2013 - AARP's top 5 cities for retiring on the cheap

Given how many Baby Boomers are entering retirement with little to no savings, the Golden Years have become the Frugal Years for an entire generation of retirees. Read the full article at USA Today.

10/8/2013 - Here Come the Three Horsemen of the Retirement Apocalypse

Coming soon: means testing, mandatory savings, longevity insurance. The nation’s retirement system consists of a patchwork of programs that include Social Security, 401(k) plans, IRAs, Keoghs, traditional pensions and federal thrift savings. Each of these has served a specific need or group. But in many cases, these programs have evolved into something they were never… Read more 10/8/2013 - Here Come the Three Horsemen of the Retirement Apocalypse

10/7/2013 - As U.S. Retirement Crisis Builds, 10 Other Countries Get Better Marks

The U.S. ranks No. 11 and gets a “C” letter grade in a ranking of 20 pension systems in the 2013 Melbourne Mercer Global Pension Index. The report took a macro look at where retirees come out in terms of a living pension including retirement income from government plans, employer plans and individual savings. The… Read more 10/7/2013 - As U.S. Retirement Crisis Builds, 10 Other Countries Get Better Marks

10/2/2013 - Social Security’s life expectancy debate

For the past decade, the Congressional Budget Office (CBO) has projected lower 75-year deficits than the Social Security trustees.  That relationship has now reversed, with CBO projecting a larger 75-year shortfall.  One reason for the reversal is that CBO has switched from relying on the Social Security actuaries’ mortality assumptions and have come up with their own. … Read more 10/2/2013 - Social Security’s life expectancy debate

10/1/2013 - Study shows how to fix big flaw with 401(k) plans

Most 401(k) participants plans are on their own when it comes to deciding how to turn their retirement savings into reliable, lifetime income. The reason? Most employers pay retiring employees a lump sum from the 401(k) plan and don’t provide any help with the critical task of generating retirement income from that savings. Read the… Read more 10/1/2013 - Study shows how to fix big flaw with 401(k) plans

The Rise of Semi-Retirement

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 The Rise of Semi-Retirement