Category: Financial Landing 2014
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10/13/14 - "Longevity is both a risk and an opportunity" (The Washington Post)
by djaworski on October 13, 2014 10:10 pm
Roger Ferguson says money was a regular topic of conversation at the dinner table when he was growing up. As a child he went with his father to the Federal Reserve to buy Treasury bonds. Today, Ferguson is chief executive of the Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF), a financial… Read more 10/13/14 - "Longevity is both a risk and an opportunity" (The Washington Post)
10/12/14 - Why Women are Losing the Retirement Savings Game (CNN Money)
by djaworski on October 13, 2014 10:03 pm
When it comes to putting money away for retirement, women outmatch men. They are more diligent savers and more likely to put a bigger percentage of their paycheck into a savings plan. But when it comes to the final savings tally, women are falling far behind. According to a Vanguard analysis of more than 1… Read more 10/12/14 - Why Women are Losing the Retirement Savings Game (CNN Money)
10/11/14 - No Smoke, No Mirrors: The Dutch Pension Plan (The New York Times)
by djaworski on October 13, 2014 9:59 pm
The Dutch system rests on the idea that each generation should pay its own costs — and that the costs must be measured accurately if that is to happen. After the financial collapse of 2008, workers and retirees in the Netherlands took the bitter medicine needed to rebuild their collective nest eggs quickly, with higher… Read more 10/11/14 - No Smoke, No Mirrors: The Dutch Pension Plan (The New York Times)
10/11/14 - Work Until You Drop (The Economist)
by djaworski on October 13, 2014 9:44 pm
The share of the population aged over 65 in rich countries will rise from 15% in 2010 to 27% by 2050, while those aged over 80 will increase from 4% to 9%. While this trend is well known, countries are only just starting to grapple with the implications. Since 1970, the life expectancy of the… Read more 10/11/14 - Work Until You Drop (The Economist)
10/9/2014 - Here’s the Only State Where Retirees Have Enough Income (Money)
by mbeals on October 9, 2014 11:46 pm
Just one state plus the District of Columbia have typical retirees with more than 70% of pre-retirement income. Traditional pensions and low cost of living make a difference. Read the full article at Money.
10/8/2014 - How best to generate lifetime retirement income? (Market Watch)
by mbeals on October 9, 2014 11:43 pm
One of the most important retirement planning decisions you’ll need to make is how you’ll use your 401(k), IRA or other retirement savings to generate a lifetime retirement paycheck. This task is particularly critical if you haven’t earned a significant lifetime pension from your employer, a situation many people are in these days. Read the… Read more 10/8/2014 - How best to generate lifetime retirement income? (Market Watch)
10/7/2014 -The Great Wage Slowdown of the 21st Century (NY Times)
by mbeals on October 9, 2014 11:41 pm
American workers have been receiving meager pay increases for so long now that it’s reasonable to talk in sweeping terms about the trend. It is the great wage slowdown of the 21st century. I probably don’t need to persuade most readers of this view, so the better way to think about the issue may be… Read more 10/7/2014 -The Great Wage Slowdown of the 21st Century (NY Times)
10/6/2014 - 4 scams that target boomers (MarketWatch)
by mbeals on October 7, 2014 7:11 pm
If Willie Sutton were alive today, he would probably skip banks and head straight for older Americans and their retirement savings. Because for scammers, “That’s where the money is.” While there is some question whether Sutton, a prominent bank robber in the mid-20th century, actually said those infamous words, there’s little doubt that households approaching,… Read more 10/6/2014 - 4 scams that target boomers (MarketWatch)
10/5/2014 - Retirement Planning Tips for Singles (The Wall Street Journal)
by djaworski on October 6, 2014 7:09 pm
Preparing for retirement is hard enough when two people are in it together. When you are on your own, it can be even harder. Many Americans will head into retirement solo for different reasons, of course, including the death of a spouse, divorce and changing lifestyles. In the 2013 U.S. Census, some 54% of women… Read more 10/5/2014 - Retirement Planning Tips for Singles (The Wall Street Journal)
10/3/2014 - The anti-retirement plan: Working 9-to-5 past 65 (WashingtonPost)
by mbeals on October 6, 2014 6:51 pm
Paul Hyman doesn’t much care for golf or beach resorts. He doesn’t have a boat and isn’t any good at painting. Hyman is among a growing group of people working full time beyond age 65, generally considered full retirement age. As of September, 60 percent of workers age 65 and older had full-time jobs, up… Read more 10/3/2014 - The anti-retirement plan: Working 9-to-5 past 65 (WashingtonPost)