Category: Financial Landing 2014

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11/14/2014 - Is 45 the new old age in the workplace? (CNN Money)

by on November 17, 2014 5:01 pm
There’s been no shortage of press about how older workers face discrimination in the workplace. In 2012, researchers at Clemson University showed that 30 percent of people over age 53 faced some kind of discrimination due to their age. Companies still advertise for “young-thinking” employees. In the U.K., a third of folks in their 50s… Read more 11/14/2014 - Is 45 the new old age in the workplace? (CNN Money)
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11/12/2014 - Troubled Brokers Cluster, Often Among Elderly (MSN Money)

by on November 13, 2014 6:41 pm
A Wall Street Journal investigation, analyzing the records of about 550,000 stockbrokers, identified 16 U.S. hot spots like this one where troubled brokers tend to concentrate. Parts of New York’s Long Island and South Florida, long notorious for “boiler room” operators, made the list. But so did areas around Detroit, Las Vegas and California cities… Read more 11/12/2014 - Troubled Brokers Cluster, Often Among Elderly (MSN Money)
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11/11/2014 - Why you’re often better off saving for retirement than buying (Washington Post)

by on November 13, 2014 6:39 pm
U.S. home prices crashed 43 percent between 2005 and 2012, yet polls find that the vast majority of Americans still consider home ownership to be a good idea and the best way for average people to build wealth. But is it? For more than 40 million households—or half of the nation’s current homeowners—the answer is… Read more 11/11/2014 - Why you’re often better off saving for retirement than buying (Washington Post)
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11/10/2014 - Shifting Retirement Security Paradigms: When “Save Like Hell and Hope You Don’t Live Too Long” Isn’t Enough (Brookings)

by on November 13, 2014 6:38 pm
The Retirement Security Project at Brookings recently released a new research paper by Katharine G. Abraham of the University of Maryland and National Bureau for Economic Research and Benjamin H. Harris of Brookings. “Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities” discusses the potential for longevity annuities to impact retirement security, examines… Read more 11/10/2014 - Shifting Retirement Security Paradigms: When “Save Like Hell and Hope You Don’t Live Too Long” Isn’t Enough (Brookings)
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11/10/2014 - Frauds That Prey on the Vulnerable (NY Times)

by on November 10, 2014 7:08 pm
Barely a week passes in this house without one of us picking up the phone to an automated call offering my parents a free medical alert system. Of course, it is not free, but rather a well-known fraud trying to get their credit card information either for a donation, shipping or some additional emergency service.… Read more 11/10/2014 - Frauds That Prey on the Vulnerable (NY Times)
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11/7/2014 - Finding, and Battling, Hidden Costs of 401(k) Plans (NY Times)

by on November 10, 2014 5:26 pm
In many retirement plans, a significant amount of future retirees’ funds are devoured by fees. According to a 2012 study published by the progressive think tank Demos, high 401(k) fees can drain $155,000 from an average household over a lifetime. Higher-earning households can lose even more — up to $278,000. Despite a federal requirement that… Read more 11/7/2014 - Finding, and Battling, Hidden Costs of 401(k) Plans (NY Times)
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11/6/2014 - What Are the Biggest Surprises in Retirement? The Experts Weigh In (Money)

by on November 10, 2014 5:22 pm
Wealth psychology expert Kathleen Burns Kingsbury also sees people struggling to structure their new lives. “One of the biggest surprises retirees face is the adjustment to not working full-time,” says Kingsbury, author of How to Give Financial Advice to Couples (McGraw-Hill, 2013). “While people typically fantasize about what life will be like without a job,… Read more 11/6/2014 - What Are the Biggest Surprises in Retirement? The Experts Weigh In (Money)
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11/6/2014 - Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities (Brookings Institution)

by on November 6, 2014 5:34 pm
The shift in the U.S. retirement system away from company pensions and towards individual retirement accounts has placed greater responsibility on workers for ensuring the adequacy of their saving and managing those savings. Absent ready availability of or familiarity with suitable financial instruments, retirees increasingly are self-insuring against a variety of retirement risks, especially the… Read more 11/6/2014 - Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities (Brookings Institution)
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11/6/2014 - Your parent's expenses can take a big bite out of your retirement (MarketWatch)

by on November 6, 2014 5:22 pm
Greater longevity may strain even the best-planned retirement portfolio, resulting in lifespans outliving wealthspans. And, helping mom and dad manage their longevity risk is likely to be the most costly for younger baby boomers and Gen X families in their 40s and 50s — just when college expenses and retirement savings are converging and competing… Read more 11/6/2014 - Your parent's expenses can take a big bite out of your retirement (MarketWatch)
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11/4/2014 - Why you shouldn't use retirement savings to pay off debt ( The Washington Post)

by on November 6, 2014 5:02 pm
For many workers, years spent building up retirement savings can fall apart at what would typically be a milestone worth celebrating: the start of a new job. The ability to cash out a retirement account comes with consequences. You’ll have to pay taxes on the money along with a 10 percent penalty for early withdrawal. Still, it’s an all-too-tempting option for… Read more 11/4/2014 - Why you shouldn't use retirement savings to pay off debt ( The Washington Post)