Category: Financial Security 2014

12/28/2014 - How Will Taking Early Retirement Benefits Later Affect Widow's Benefits?

by on December 28, 2014 10:46 pm
Social Security may be your largest or one of your largest assets. How you manage it, by deciding which benefits to collect and when, can make an absolutely huge difference to your lifetime benefits. And those with the highest past covered earnings have the most to gain from maximizing their Social Security. Read the full… Read more 12/28/2014 - How Will Taking Early Retirement Benefits Later Affect Widow's Benefits?

12/23/2014 - Seniors' Aging Brains Find Ways to Stay Financially Sharp

by on December 23, 2014 5:25 pm
New research suggests that decades of financial experience help seniors stay smart about money matters, despite the mental declines that come with age. Read the full article at U.S. News and World Report.

12/11/2014 - Retirement Calculators Are Wrong—But You Need One Anyway

by on December 11, 2014 5:57 pm
To get the most from retirement calculators, it helps to understand their limitations. Read the full article at Time.

12/04/2014 - A Strategy for Pensions at Risk of Extinction (The New York Times)

by on December 8, 2014 5:11 pm
When people are old, should governments guarantee they have incomes? In the 19th century — 125 years ago — Germany became the first country to answer yes to that question, adopting an old-age pension system at the behest of Chancellor Otto von Bismarck. That concept spread to the United States in the 20th century. Eighty… Read more 12/04/2014 - A Strategy for Pensions at Risk of Extinction (The New York Times)

12/5/2014 - What To Do About The Coming Retirement Crisis

by on December 6, 2014 12:07 am
In their new book, Falling Short: The Coming Retirement Crisis and What to Do About It (to be published Jan. 2, 2015), authors Charles D. Ellis, Alicia H. Munnell and Andrew Eschtruth call themselves modern-day Paul Reveres. Instead of Redcoats, they’re fearful about our pockets — and how little money we’ll have in them at retirement. “Millions… Read more 12/5/2014 - What To Do About The Coming Retirement Crisis

12/4/2014 - A Strategy for Pensions at Risk of Extinction

by on December 5, 2014 5:04 pm
Multiemployer pension plans, often involving unionized workers, were once common in industries like coal mining, trucking and construction. But they’re running out of money. Read the full article at The New York Times.
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12/1/2014 - A warning on realities of work, retirement

by on December 1, 2014 6:44 pm
Munnell, director of Boston College’s Center for Retirement Research, has completed a new book that concludes the golden age of retirement is over and Americans must adjust their practices and expectations. In the book, “Falling Short: The Coming Retirement Crisis and What to Do About It,” Munnell and her co-authors argue that retirement security in the… Read more 12/1/2014 - A warning on realities of work, retirement
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11/24/2014 - How Retirement Benefits Will Change in 2015

by on November 24, 2014 5:37 pm
Social Security and Medicare will be making important changes to their programs next year. Individual retirement accounts and 401(k)s will also be tweaked in significant ways. Here’s a look at the new features your retirement benefits will have next year. Read the full article at U.S. News and World Report.

11/21/2014 - Student Debt: A Calculator Focused on College Majors (The New York Times)

by on November 24, 2014 4:40 pm
Student debt seems on its way to becoming a significant political issue, for better or worse. When a recent Wall Street Journal/NBC News poll asked people about a long list of domestic and foreign policy proposals, none received more support – 82 percent – than reducing the cost of student loans. When the 2016 campaign gets underway, candidates will… Read more 11/21/2014 - Student Debt: A Calculator Focused on College Majors (The New York Times)
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11/20/2014 - Loading up on stocks — after you retire

by on November 20, 2014 4:54 pm
Should you invest more in stocks as you age? Conventional wisdom would have you reduce the percentage of your nest egg you invest in stocks over the course of your retirement. The old rule of thumb went something like this: Subtract your age from 100 and that’s what percent to invest in stocks. Wade Pfau,… Read more 11/20/2014 - Loading up on stocks — after you retire