Category: Financial Security 2014

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8/18/2014 - A third of people have nothing saved for retirement

by on August 18, 2014 9:09 pm
A new survey shows that more than a third of American adults have nothing saved for their golden years. Read the full article at USA Today.
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8/14/2014 - Social Security marks 79th birthday with declining service

by on August 14, 2014 6:29 pm
during this time of budget cuts, the Social Security Administration’s (SSA) service to the public isn’t what it used to be. A new audit from the agency’s inspector general’s office documents deteriorating service resulting from cuts in staffing and office hours to a government program that all Americans eventually will use, assuming we live long… Read more 8/14/2014 - Social Security marks 79th birthday with declining service
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8/13/2014 - Older German Workers Jump At Chance To Retire At 63

by on August 13, 2014 5:03 pm
Germany recently lowered its retirement age from 65 to 63 for long-time workers, a move Chancellor Angela Merkel’s government says is aimed at easing the burden on older Germans in the work force. But the decision is not popular with German businesses or with governments in struggling eurozone countries, which accuse German officials of hypocrisy.… Read more 8/13/2014 - Older German Workers Jump At Chance To Retire At 63
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8/10/2014 - Here’s Why More Americans Are Retiring Earlier They Expected

by on August 10, 2014 4:45 pm
It seems counter intuitive: Of all Americans who retired since the Great Recession, more retired earlier than expected than later than expected, a new Fed report shows. Read the full article at Time.
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8/5/2014 - U.S. Treasury to put public pensions under scrutiny

by on August 5, 2014 11:42 pm
The Treasury Department’s new office on state and local finance will scrutinize public pensions, appointing a specialist in the area and becoming a resource for retirement planning, its inaugural director said in a speech on Monday. Read the full article at Reuters.
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8/5/2014 - Can you blame baby boomers for refusing to retire?

by on August 5, 2014 7:26 pm
“A gray workforce means less burden on the system. Like it or not, the country isn’t structurally equipped for boomers to retire. So we’re stuck. Older workers have to keep working to prop up a failing system, while younger workers are denied opportunities to advance their careers.” Read the full article at Los Angeles Times.
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8/1/2014 - Some Public Pension Funds Making Big Bets On Hedge Funds

by on August 1, 2014 5:51 pm
Public pension funds have been doing something new in recent years — investing in hedge funds. Read the full at National Public Radio (NPR).
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7/25/2014 - Addressing Caregivers’ Loss of Retirement Income

by on July 25, 2014 5:55 pm
Earlier this month Representative Nita M. Lowey, Democrat of New York, introduced what she’s calling the Social Security Caregiver Credit Act, intended to increase retirement income for middle-class citizens who must reduce their work hours or leave the work force because of caregiving duties. Read the full article at the New York Times.
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7/22/2014 - A 401(k) for All

by on July 23, 2014 5:47 pm
One compelling way to turn the ongoing national discussion on wealth inequality into a tangible policy to help Americans increase their wealth and savings would be to fix what I have long called our “upside-down” tax incentive system for retirement savings. Read the full article at The New  York Times.

7/22/2014 - Shifting generations may explain slow wage growth

by on July 22, 2014 8:43 pm
Federal Reserve Chairwoman Janet Yellen‘s focus on wages to help gauge the strength of the job market could need fine tuning as Baby Boomers approach the twilight of their careers and Millennials jump in to fill the void. Read the full article at The San Francisco Chronicle.