Category: Financial Landing 2014

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1/12/2014 - The High Cost of Health Care in Retirement (Wall Street Journal)

by on January 13, 2014 11:11 pm
If you’re trying to figure out how to reduce health-care expenses in later life, take a long, hard look at prescription drugs. A recent report from the Employee Benefit Research Institute in Washington calculates how much individuals and couples will need to budget for health care in retirement based on three levels of possible drug… Read more 1/12/2014 - The High Cost of Health Care in Retirement (Wall Street Journal)
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1/12/14 - Jobs report highlights the aging of Baby Boomers (USA Today)

by on January 13, 2014 11:10 pm
The December jobs report has sparked a fresh argument on an issue as old as the recovery: whether unemployment is dropping because of new jobs, or because people have stopped looking. Released Friday, the government’s report showed the unemployment rate falling to 6.7%. But it estimated the U.S. labor force shrank by 347,000 last month… Read more 1/12/14 - Jobs report highlights the aging of Baby Boomers (USA Today)
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1/10/2014 - Participant Activity Offers Clues for Improving Retirement Plans (PlanSponsor)

by on January 13, 2014 6:40 pm
More employees are participating in employer-sponsored retirement plans, thanks to plan design changes, but there are still improvements that can be made. The Aon Hewitt 2013 Universe Benchmarks research report analyzes participant behavior across the participation rates, savings levels, plan balances, investments, account activity and demographics of more than 3.5 million employees eligible for defined… Read more 1/10/2014 - Participant Activity Offers Clues for Improving Retirement Plans (PlanSponsor)

1/8/2014 - Four Questions To Ask About 401(k) To IRA Rollovers (Forbes)

by on January 9, 2014 7:13 pm
Let’s say you are either switching companies or ready to retire. Should you roll over your 401(k) into an individual retirement account (IRA)? The natural answer is to roll over into an IRA. But IRA rollovers can put you in a worse retirement savings account than your 401(k). Here are key questions to ask: Read… Read more 1/8/2014 - Four Questions To Ask About 401(k) To IRA Rollovers (Forbes)

1/7/2014 - Filing early for Social Security? Therapy may be in order (Reuters)

by on January 9, 2014 6:44 pm
Deciding when to claim Social Security benefits is one of the most important retirement moves you will make. Social Security is by far the largest retirement asset for all but the wealthiest Americans, and the only source of guaranteed lifetime income – with incredibly valuable annual inflation adjustments. And most of us are flubbing it.… Read more 1/7/2014 - Filing early for Social Security? Therapy may be in order (Reuters)

1/7/2014 Older Americans Shun Retirement at 65 for Risky Startups (Bloomberg)

by on January 9, 2014 6:44 pm
On his 65th birthday, physical therapist Gary Kinsey incorporated a company that makes medical devices. Older Americans such as Kinsey are increasingly shunning retirement to start companies because they see job opportunities limited after age 55, don’t have enough savings to retire comfortably or want to work for themselves. Read the full article at Bloomberg.

1/6/2014 - Making compromises to save Social Security (MarketWatch)

by on January 6, 2014 10:13 pm
Just three short decades ago, a relatively comfortable retirement income for most individuals was comprised almost entirely of three primary sources — personal savings, Social Security benefits and pension-plan benefits. The latter two were predictable and guaranteed. Today, however, it’s estimated that less than 15% of private sector employees are covered by some sort of… Read more 1/6/2014 - Making compromises to save Social Security (MarketWatch)

1/2/2014 - Tenure Tied to Larger 401(k) Balances (EBRI)

by on January 6, 2014 10:12 pm
The longer you’ve worked for an employer, the larger your 401(k) account balance is likely to be, according to a new research report. According to a report released by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI), examining the interaction of both age and tenure with account balances in the EBRI/ICI… Read more 1/2/2014 - Tenure Tied to Larger 401(k) Balances (EBRI)

12/31/2013 - Employers Worried Over Retirement Surge (PlanAdviser)

by on January 6, 2014 10:09 pm
Despite employees saying that they will work into their retirement years, employers still have concerns about being shorthanded. According to research from the Chicago-based outplacement firm of Challenger, Gray & Christmas, employers’ concerns are focused on the ability to properly gauge potential retirement activity within their organization. Read the full article at PlanAdviser.

12/30/2013 - The world braces for retirement crisis (NorthJersey.com)

by on January 6, 2014 9:54 pm
A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the 2008 financial meltdown, the crisis was significantly worsened by those twin traumas. It will play out for decades, and its consequences will be far-reaching. Many people will be forced to work well past the traditional… Read more 12/30/2013 - The world braces for retirement crisis (NorthJersey.com)