Category: Financial Landing 2015

9/21/2015 - How much do you really need for retirement? (CNBC)

For years, financial advisors recommended people save at least $1 million to enjoy a comfortable retirement. But given longer lifespans and concerns about the financial status of Social Security, is that target enough to fund a potentially decades-long retirement? Maybe not. Well-off investors surveyed by asset manager Legg Mason in March said that they would need at… Read more 9/21/2015 - How much do you really need for retirement? (CNBC)

9/20/2015 - A Wake-up Call To Millennials - You Need To Stop Saving For "Retirement" (Forbes)

If Millennials want a more financially secure future, the focus needs to switch. Too many people are fixated on saving for an early 60s retirement. Instead, the focus needs to center on a financially secure and independent future. Americans need to engage in goal-based financial planning. Instead of everyone planning to leave the workforce, more… Read more 9/20/2015 - A Wake-up Call To Millennials - You Need To Stop Saving For "Retirement" (Forbes)

9/18/2015 - Gen X is sleeping through its retirement wake-up call (MarketWatch)

“Gen X is in retirement jeopardy,” warns Catherine Collinson, president of the Transamerica Center for Retirement Studies (TCRS), which just released A Compendium of Findings About American Workers backing that up. “At their age, they need to be more focused on saving and planning for retirement, but our research found that many have backed away from it.”… Read more 9/18/2015 - Gen X is sleeping through its retirement wake-up call (MarketWatch)

9/17/2015 - Retirement confidence is up, but why? (CNBC)

Savers in several countries “experienced a dramatic increase in their confidence that they would meet retirement goals,” according to a new survey commissioned by State Street Global Advisors. Some 51 percent of U.S. investors participating in an employer–sponsored retirement plan said they were very or extremely confident they will meet their retirement goals, up from… Read more 9/17/2015 - Retirement confidence is up, but why? (CNBC)

9/17/2015 - Can states help more workers save for retirement? (CBS Moneywatch)

Roughly half of all American workers aren’t eligible to participate in a retirement plan at work, which doesn’t bode well for their retirement years. The vast majority of these workers will receive Social Security benefits, but these benefits are meant only to serve as a safety net to keep you out of poverty. They were never intended to provide… Read more 9/17/2015 - Can states help more workers save for retirement? (CBS Moneywatch)

9/16/2015 - Why Americans Still Think the Economy Is Terrible (The New York Times)

The median American household in 2014 had a lower income, in inflation-adjusted terms, than it did in 2013. The $53,657 the household in the middle of the income distribution earned last year was down 1.5 percent from the year before, though the census said that shift was not statistically significant. But even if that drop… Read more 9/16/2015 - Why Americans Still Think the Economy Is Terrible (The New York Times)

9/15/2015 - Five Money Milestones To Hit While You Are In Your 40s (The Washington Post)

One milestone to strive for in your 40s is to have at least three times your annual salary saved in a retirement account, says Andrew McFadden, a financial planner in Fresno, Calif. Rough guidelines from Fidelity Investments, for example, recommend that workers should save three times their pay by age 45 and four times their… Read more 9/15/2015 - Five Money Milestones To Hit While You Are In Your 40s (The Washington Post)

9/15/2015 - Here's How Wide the Retirement Gap Is Between Men and Women (Bloomberg)

While both men and women face big retirement-savings challenges, the hurdle is higher for many women. To have a decent standard of living in old age, women, who earn on average 78 cents to a man’s dollar, need to save $126 for every $100 men do. That’s the conclusion of a report analyzing savings shortfalls faced by both genders.Financial… Read more 9/15/2015 - Here's How Wide the Retirement Gap Is Between Men and Women (Bloomberg)

9/14/2015 - 7 Assumptions About Retirement (U.S. News & World Report)

You don’t really know how you’re going to live in retirement until you start doing it. But that doesn’t mean you can’t plan ahead, start to envision your retirement lifestyle and begin to put pieces of the puzzle together.There’s lots of advice, and many guidelines, to help you chart your way through retirement. Read the… Read more 9/14/2015 - 7 Assumptions About Retirement (U.S. News & World Report)

9/14/2015 - Why Americans Are Waiting Longer to Buy Homes (Main Street)

Homeownership may be part of the American Dream — but many are waiting longer to achieve that dream. “I am seeing people wait longer to buy a home, particularly those from their late-20s into their mid-30s,” said Arvin Sahakian, vice president at mortgage site BeSmartee. In fact, Americans are now nearly 33 when they realize their homeownership… Read more 9/14/2015 - Why Americans Are Waiting Longer to Buy Homes (Main Street)