Category: Financial Landing 2014

6/6/2014 - Financially Literacy Helps Boost Annual Returns 13% (Financial Advisor)

The knowledge that the financially literate have produces a 13 percent annual gain on investments over results experienced unsophisticated adults, a new study for the Wharton School’s Pension Research Center shows. Read the full article at Financial Advisor.

6/5/2014 - Many want to work in retirement but not full-time (USA Today)

In their ideal retirement, the majority of pre-retirees (72%) would like to work, a new survey shows.But they don’t want full-time jobs. About 35% of pre-retirees, 50 and older, want to work part-time in retirement; 33% would like to rotate between periods of working and leisure time; 5% want to work full-time; and 28% never… Read more 6/5/2014 - Many want to work in retirement but not full-time (USA Today)

6/4/2013 - Most Americans struggle to save for retirement (CBS News)

The idea of retirement in the U.S. often conjures up images of fit seniors strolling along the beach, enjoying a leisurely round of golf or perhaps sharing a meal in an exotic locale. For most people, however, the reality is far less glamorous. Seven of 10 Americans who haven’t retired yet find it hard to… Read more 6/4/2013 - Most Americans struggle to save for retirement (CBS News)

6/3/2014 - What to Do With 'Orphaned' 401(k)s (U.S. News & World Report)

Do you have custody of your nest egg? A 2013 survey by ING Direct USA showed that half of American adults who participated in an employer-sponsored retirement plan, such as a 401(k), have left an account at a previous employer. These “orphaned” retirement accounts represented more than $1 trillion in investment dollars in 2010. Read… Read more 6/3/2014 - What to Do With 'Orphaned' 401(k)s (U.S. News & World Report)

5/30/2014 - ‘My Social Security’ makes retirement planning easier (MarketWatch)

Social Security retirement benefits are one third or more of the income most Americans receive in retirement, yet surprisingly few are using Social Security account data for retirement planning. This information is critically important in making an informed decision about when to take benefits and whether strategies such as ‘ file and suspend ‘ are… Read more 5/30/2014 - ‘My Social Security’ makes retirement planning easier (MarketWatch)

5/30/2014 - Vital retirement lessons from the 1950s (MoneyWatch)

If aging baby boomers were suddenly transported back to the 1950s and had to retire in that era, chances are very good chance they’d feel deprived. The numbers show that retirees in the ’50s had substantially fewer financial resources compared to today’s retirees. Yet the stories about retirees from that time show they lived their… Read more 5/30/2014 - Vital retirement lessons from the 1950s (MoneyWatch)

5/28/2014 - My, How Times Have Changed in the 401k World (Investing Daily)

In years past, employees had to “opt-in” to their employer’s 401k or 403b retirement plan. But in recent years, more and more companies have started automatically enrolling employees in their organization’s plan unless they specifically “opt-out.” While the change has resulted in more workers saving for retirement – a good thing – leaving the amount… Read more 5/28/2014 - My, How Times Have Changed in the 401k World (Investing Daily)

5/28/2014 - How To Get Social Security's Biggest Bonuses (Forbes)

For most retirees with adequate savings, the best strategy has always been to wait to collect Social Security benefits until either full retirement age — which varies depending on year of birth — or age 70. Read the full article at Forbes.

5/25/2014 - More seniors staying in the labor market, data shows (Pittsburgh Post-Gazette)

In April, 18.9 percent of people over 65 in the U.S. were either working or looking for work, according to the Bureau of Labor Statistics. That level of labor force participation by older workers has not been seen, before the past year, since 1964, a year before Medicaid was signed into law. Read the full… Read more 5/25/2014 - More seniors staying in the labor market, data shows (Pittsburgh Post-Gazette)

5/22/2014 - Silicon Valley workers are saving more than you (CNN Money)

On average, workers in San Jose and San Francisco save close to 15% of their annual pay in 401(k)s — the highest average savings rate in the country, according to a Fidelity analysis of 13 million savers in 100 metro areas. Read the full article at CNN Money.