Category: financial security 2013

9/30/2013 - Five retirement lessons from the 2008 crash

When is the next big crash? Will you be ready? One of the major lessons learned from the 2008 debacle is that people who remained in the market and avoided panicking came out of things just fine. Read the full article at MarketWatch.

9/26/2013 - Retirement hurts big earners too, study finds

The more money you make before retirement, the more you may have to cut back when you do retire, a new study has found. Read the full article at Los Angeles Times.

9/26/2013 - Carrying Debt After Retirement

If college debt is a hindrance to young adults, mortgage debt is the drag on homeowners heading into retirement. A much higher proportion of homeowners over 65 are carrying mortgage debt compared with past generations. And that debt could make it harder for them to stay in their homes. Read the full article at The… Read more 9/26/2013 - Carrying Debt After Retirement

9/26/2013 - Unexpected rise in number of extremely poor elderly women

Despite modest gains in the economy in 2012, national poverty rates remain virtually unchanged from last year. However, a new study highlights one group that has unexpectedly fallen deeper into poverty: elderly women. Read the full article at CNBC.

9/25/2013 - Bring back mandatory retirement?

Life without mandatory retirement is hard.  Compensation and health-care costs tend to increase with age, and in many – albeit not all – cases productivity declines.  Employers can dismiss older workers who cannot do their jobs.  But that is a very unpleasant task for both parties.  The elimination of mandatory retirement combined with the shift… Read more 9/25/2013 - Bring back mandatory retirement?

9/25/2013 - How to talk to your spouse about retirement

With only 38% of couples planning together, as a 2013 study from Hearts & Wallets found, it’s no surprise that nearly two-thirds don’t agree on when they’ll each leave their jobs, and a third aren’t in sync on where they’ll live. Read the full article at CNN.

9/25/2013 - Senate Aging Cmte. Looks at Baby Boomer Retirement

The Senate Special Aging Committee looks at the wave of retiring baby boomers that is just beginning in the U.S., and how the recent recession coupled with increased reliance on 401(k) or other market-based retirement funds has changed retirement plans for many Americans. Read the full article at C-SPAN.

9/24/2013 - Studies on Hard Retirement for Ethnic Workers, Grandparents

A disturbing new analysis from the Economic Policy Institute (EPI) pulls together data that “paint a picture of increasingly inadequate savings and retirement income for successive cohorts and growing disparities by income, race, ethnicity, education and marital status.” It’s one of several recent studies revealing a difficult financial future for tomorrows ethnic retirees and today’s… Read more 9/24/2013 - Studies on Hard Retirement for Ethnic Workers, Grandparents

9/19/2013 - Retirees Are Optimistic (or Delusional) About Leaving Inheritances

For those who can’t expect hand-me-down wealth, there’s another retirement strategy, one that’s mentioned more and more these days: working longer. “Most people just don’t have the financial resources to stop working full-time in their 60s,” says actuary and consultant Steve Vernon, a research scholar at the Stanford Center on Longevity. Read the full article… Read more 9/19/2013 - Retirees Are Optimistic (or Delusional) About Leaving Inheritances

9/18/2013 - Ageing could weaken central banks, spur rate volatility

Not unlike the ageing public – central banks will have to work harder as their economies grey and greater interest rate volatility over time may well be the outcome. Read the full article at Reuters.