Category: Financial Security 2014

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6/12/2014 - Hidden cost of retiring early: $51,000 in medical bills

by on June 12, 2014 4:53 pm
Retiring early may sound really tempting. But leaving the workforce just a few years early can saddle you with tens of thousands of dollars in additional medical costs. If a couple chooses to retire at the age of 62 instead of 65, they will face $51,000 in additional medical expenses, according to a report released… Read more 6/12/2014 - Hidden cost of retiring early: $51,000 in medical bills
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6/11/2014 - Millennials Are Leading Boomers to a Smarter Retirement

by on June 11, 2014 5:10 pm
In retirement jobs, boomers embrace many of the same work values as Millennials. Four decades may separate the two generations, which have had vastly different life experiences. Boomers came of age during a time when jobs were plentiful and pensions were secure. Millennials have reached adulthood amid broad underemployment and a crumbling social safety net.… Read more 6/11/2014 - Millennials Are Leading Boomers to a Smarter Retirement
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6/11/2014 - Retirement: U.S. versus the world

by on June 11, 2014 4:36 pm
We hear constantly how Americans are unprepared for retirement and hugely pessimistic about our prospects. But compared with many other countries, we’re doing and feeling great. Read the full article at MarketWatch.
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6/10/2014 - Surprise: Even wealthy retirees live on Social Security and pensions

by on June 10, 2014 7:06 pm
Where do affluent retirees get their income? Portfolios invested in stocks and bonds, you might think – but you’d be wrong. Turns out many are living mainly on Social Security and good old pensions. Read the full article at Reuters.
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6/9/2014 - Tough times ahead for Gen X as finances lag

by on June 10, 2014 7:03 pm
When it comes to saving for retirement, the “slacker” generation is living up to its nickname. Generation X is falling behind its parents’ generation in saving for retirement, although its lagging assets are due to issues such as bad timing — buying houses during the run-up in the real estate sector — and a decline… Read more 6/9/2014 - Tough times ahead for Gen X as finances lag
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6/6/2014 - Buying a Guaranteed Retirement Income, for Peace of Mind

by on June 6, 2014 4:51 pm
Many workers long for the sense of security that only an old-fashioned pension can provide. The big insurers are well aware of this, and that’s why many of them are offering new ways for investors to buy and build a pension on their own. Read the full article at The New York Times.
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6/5/2014 - Advisors help with ups and downs of modern retirement

by on June 5, 2014 3:28 pm
“Never before has mankind had 20 extra years” to live after retirement, according to Gary R. Jay, a certified retirement coach and owner of Remarkable Resource. “How do you plan for that?” he asked. Jay, who works with financial advisors to give them skills to help clients transition into what he calls the Third Age,… Read more 6/5/2014 - Advisors help with ups and downs of modern retirement
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5/27/2014 - Few workers confident of easy retirement

by on May 27, 2014 4:42 pm
Half of workers say they have a well-developed retirement plan; a quarter have no plan. Few workers in the U.S. and around the world are truly confident they’re going to have a comfortable retirement, a new global survey shows. Only 28% of U.S. workers are “very” or “extremely” confident that they’ll one day fully retire… Read more 5/27/2014 - Few workers confident of easy retirement
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5/21/2014 - Women are still way behind men when it comes to retirement savings

by on May 21, 2014 8:08 pm
Women are just as likely to put away some money for retirement as men — but they are still way behind their male counterparts in total retirement savings, a new study shows. Read the full article at The Washington Post.
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5/19/2014 - Why many Americans can't save for retirement

by on May 19, 2014 7:12 pm
Poor people would save more money if they could. So concludes a new study that found that only 12 percent of low-income older Americans put money in a 401(k) or other retirement plan. The research, from Boston College’s Center for Retirement Research, looked at people who were between 50 and 58 years old and had… Read more 5/19/2014 - Why many Americans can't save for retirement