Category: Financial Security 2014

1/31/2014 - For Some, Retirement Is Out of Reach. For Others, Boring.

Although the average age at which current United States retirees say they stopped working is 61, up from 59 in 2003 and 57 in 1993, a January Gallup poll of 1,929 members of that generation found that 49 percent didn’t expect to retire until age 66 or older. One respondent in 10 expected never to clock out for good… Read more 1/31/2014 - For Some, Retirement Is Out of Reach. For Others, Boring.

1/29/2014 - Need A Retirement Starter Kit? This Might Help

In his State of the Union address Tuesday, President Obama said he’s got a way to fix all of that. He calls it myRA — a difficult-to-say-aloud name that is supposed to get people thinking about “my retirement account.” Read the full article at National Public Radio (NPR).

1/29/2014 - Obama Announces New myRA Retirement Accounts

President Barack Obama said he is directing the Treasury Department to create a new type of retirement savings account for millions of Americans that would include a government guarantee. Read the full article at The Wall Street Journal.

1/28/2014 - As Population Ages, Merrill Lynch Appoints Gerontology Director

As the first Director of Gerontology at Bank of America Merrill Lynch, Cyndi Hutchins hopes to rethink how financial advisors approach retirement planning. Wealth management firms like Merrill Lynch and their clients are facing new challenges as the American population ages and baby boomers begin to put their retirement plans to the test. People are living… Read more 1/28/2014 - As Population Ages, Merrill Lynch Appoints Gerontology Director

1/28/2014 - Aging America Poses New Challenges for the Fed and Your Portfolio

America is getting old, and this puts the Federal Reserve in a quandary. The exodus from the workforce due to old age is shrinking the labor force and the ranks of the unemployed much faster than the Fed anticipated only a year ago. Read the full article at Forbes.

1/27/2014 - The Aging Workforce

Population aging and demographic change normally get discussed in terms of the rising share of retired people to working-age ones. But in practice different people retire at different ages for different reasons. And over the past 20 years, the share of people over the age of 55 who are in the labor force has pretty… Read more 1/27/2014 - The Aging Workforce

1/24/2014 - Don’t Count Out Aging Workers

If you lose your job in middle age or later, you may suddenly find yourself in dire straits. When the pink slip comes, it does not matter how many years you have put in or how dedicated you might be to the company. Whether the reason is reorganization, right-sizing or offshoring, aging employees can find… Read more 1/24/2014 - Don’t Count Out Aging Workers

1/23/2014 - When Thinking about Retirement, Beware the Averages

When contemplating all those stories, charts and advice columns about how financially prepared Americans are for retirement: Beware the averages. Read the full article at The Wall Street Journal.

1/21/2014 - What, me retire? Baby boomers likely to delay retirement, poll shows

For an increasing number of baby boomers, the golden years will mean staying in their jobs and collecting their paychecks, a new poll indicates. Read the full article at Los Angeles Times.

1/17/2014 - How to retire early — 35 years early

For many Americans, the idea of an early retirement is pure fantasy — many surveys suggest that a good portion of us are convinced we’ll never be able to retire at all. But what if retirement saving isn’t quite as insurmountable an obstacle as you think? Read the full article at MarketWatch.