Category: Financial Landing 2015

8/24/2015 - Why Phone Fraud Starts With A Silent Call (NPR)

Vijay Balasubramaniyan, CEO of Pindrop Security, a company in Atlanta that detects phone fraud, says that in any number of ways, the criminal ring gets your 10 digits and loads them into an automated system. Maybe you gave your number to Target or some other big retailer that got hacked. Maybe you entered an online… Read more 8/24/2015 - Why Phone Fraud Starts With A Silent Call (NPR)

8/23/2015 - How Boomers loaded with debt can dig out (USA Today)

The stats, at first blush, are staggering. According to a new Pew Charitable Trusts report, eight in 10 Baby Boomers — those born from 1946 to 1964 — hold some form of debt, and nearly half (47%) still have a mortgage, which, on average, totaled $90,000. And, more than half (58%) of the so-called Silent Generation — defined as those born… Read more 8/23/2015 - How Boomers loaded with debt can dig out (USA Today)

8/22/2015 - Don't let grown children derail your retirement (The Washington Post)

It is a bad decision to gut your retirement savings to pay your child’s college tuition. It’s also as bad a decision to defer retirement savings so you can save for tuition instead. But parents want the best for their children.An Allianz LoveFamilyMoney survey found that this is especially true of single parents. Forty-five percent… Read more 8/22/2015 - Don't let grown children derail your retirement (The Washington Post)

8/21/2015 - As Workers Delay Retirement, Some Bosses Become More Flexible (The New York Times)

“The face of our nation’s work force is changing,” Senator Collins said. “I think we’re facing a tsunami of retirees who will find that they are going to outlive their savings, that they have not prepared for their retirement.” Although having flexible work schedules and phased-in retirement programs is popular with workers, employers have been… Read more 8/21/2015 - As Workers Delay Retirement, Some Bosses Become More Flexible (The New York Times)

8/19/2015 - For Most Seniors, Social Security Is Their Biggest Source of Income (The Fiscal Times)

Last year alone, more than 59 million Americans received retirement, disability and survivor’s benefits totaling $863 billion. While some lawmakers and policy experts warn that the system will begin to run short of cash beginning in 2035, seniors’ advocacy groups have vigorously fought major changes and cuts. Some nine out of ten people who are 65… Read more 8/19/2015 - For Most Seniors, Social Security Is Their Biggest Source of Income (The Fiscal Times)

8/19/2015 - Baby Boomers Ready to Sell Businesses to the Next Generation (The New York Times)

As the sting of the recession fades and the economy grows healthier, entrepreneurial baby boomers who spent the last few decades building businesses are starting to move on to the next phase of their careers: cashing out. And as the generational torch is passed, the profile of small businesses is changing, too, with a markedly… Read more 8/19/2015 - Baby Boomers Ready to Sell Businesses to the Next Generation (The New York Times)

8/18/2015 - Retiring Early, Retiring Late, Retiring Penniless (Next Avenue)

After reviewing data from the government’s Health and Retirement Study from 1992 to 2012, Alicia Munnell, Geoffrey Sanzenbacher and Matthew Rutledgefound that three “shocks” are the top reasons for unexpected early retirement: worker’s health, involuntary job losses and changes within the person’s family (especially his or her spouse’s retirement). In other words, it’s usually not because… Read more 8/18/2015 - Retiring Early, Retiring Late, Retiring Penniless (Next Avenue)

8/18/2015 - Grad-School Loan Binge Fans Debt Worries (The Wall Street Journal)

The doubling of student debt since the recession, to $1.19 trillion, has stoked a national discussion over how to rein in college costs and debt and is becoming a major issue in the 2016 presidential race. Little noted in the outcry is the disproportionate role played by postgraduate borrowers, who now account for roughly 40% of… Read more 8/18/2015 - Grad-School Loan Binge Fans Debt Worries (The Wall Street Journal)

8/17/2015 - Millennials stuck renting longer before buying (Finance & Commerce)

Homeownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.The typical first-timer now rents for six years before buying, up from… Read more 8/17/2015 - Millennials stuck renting longer before buying (Finance & Commerce)

8/16/2015 - Racial Wealth Gap Persists Despite Degree, Study Says (The New York Times)

Even with tuition shooting up, the payoff from a college degree remains strong, lifting lifelong earnings and protecting many graduates like a Teflon coating against the worst effects of economic downturns. But a new study has found that for black and Hispanic college graduates, that shield is severely cracked, failing to protect them from both short-term crises and longstanding… Read more 8/16/2015 - Racial Wealth Gap Persists Despite Degree, Study Says (The New York Times)