Category: Financial Landing 2015

7/28/2015 - Americans Left $24 Billion in Retirement Money on the Table Last Year (Time)

Personal savings rose last year, as conscientious workers reined in their spending. But a smaller portion of those savings were stashed in employer-sponsored retirement plans, new research shows. This and other recent findings suggest that the much-vaunted 401(k) match may not be the silver bullet for retirement savings that is widely presumed. Personal savings jumped… Read more 7/28/2015 - Americans Left $24 Billion in Retirement Money on the Table Last Year (Time)

7/27/2015 - Why Even the Wealthy are Biting their Nails over Retirement (Money Talks News)

Wealthy Americans seem to have the same retirement worries as their less-affluent counterparts, including concerns about having enough money saved for retirement, reducing personal debt and curbing overspending. The Merrill Edge Report is focused on the financial concerns and priorities of affluent Americans, defined as households with investable assets ranging from $50,000 to $250,000. The survey revealed a… Read more 7/27/2015 - Why Even the Wealthy are Biting their Nails over Retirement (Money Talks News)

7/26/2015 - Raising Floor for Minimum Wage Pushes Economy Into the Unknown (The New York Times)

 The fight for a $15 minimum wage has gained momentum in New York, California and other places around the country in recent months. But as a national strategy to raise incomes at the bottom of the pay scale, it faces major obstacles, both political and economic. In many states, particularly those governed by Republicans in… Read more 7/26/2015 - Raising Floor for Minimum Wage Pushes Economy Into the Unknown (The New York Times)

7/25/2015 - 7 steps to a financially secure retirement (USA Today)

If certified financial planner Ray LeVitre could give people one piece of advice when it comes to planning for retirement it would be this: Get a written financial plan. Everyone needs one — no matter what your income level, savings, investments or age, says LeVitre, author of 20 Retirement Decisions You Need to Make Right Now.… Read more 7/25/2015 - 7 steps to a financially secure retirement (USA Today)

7/24/2015 - Salary Gap Widens as Top Workers in Specialized Fields Reap Rewards (The New York Times)

The very different treatment accorded employees at the very top versus those in the bottom or middle ranks has become a fact of life at corporate offices, law and accounting firms, and other white-collar bastions across the country. For the first time since the economic recovery began six years ago, white-collar professionals with specialized skills… Read more 7/24/2015 - Salary Gap Widens as Top Workers in Specialized Fields Reap Rewards (The New York Times)

7/23/2015 - State and local pension funding improved in 2014 (MarketWatch)

The Center for Retirement Research at Boston College just released a 2014 updateof the funded status of the 150 state and local plans in the Public Plans Database. For the first time since the financial crisis of 2008, funding improved, with the aggregate funded ratio rising from 72 to 74 percent under the old Governmental Accounting Standards… Read more 7/23/2015 - State and local pension funding improved in 2014 (MarketWatch)

7/22/2015 - Is Your Social Security Safe? (Newsweek)

Obamacare has breathed temporary new life into Medicare, but the program, along with Social Security, is still on track to run out of money within 20 years, trustees of the programs announced Wednesday.Their regular reporting of the fiscal health of the nation’s most popular social programs gives both Republicans and Democrats ammunition to make their… Read more 7/22/2015 - Is Your Social Security Safe? (Newsweek)

7/21/2015 - Why Millennials Aren’t Saving More for Retirement (Time)

Another Millennial myth may be biting the dust. Apparently, millennials have better retirement saving habits than Baby Boomers. Millennials save 8% of their paycheck for retirement, according to a recent survey from T. Rowe Price. Baby boomers are just slightly ahead at 9%. The only reason millennials aren’t saving even more is that they have… Read more 7/21/2015 - Why Millennials Aren’t Saving More for Retirement (Time)

7/20/2015 - For millions, the recession is hardly over (CBS Moneywatch)

The global economy is improving. Just don’t tell many of the people who live and work in it. That’s according to the Organization for Economic Co-operation and Development (OECD), which has published a report about the labor conditions of its nearly three dozen member countries, including the U.S., Japan, and European countries such as the U.K. While… Read more 7/20/2015 - For millions, the recession is hardly over (CBS Moneywatch)

7/20/2015 - U.S. parents spend more, worry less about college (Reuters)

A new study by student lender Sallie Mae found the average amount spent on college education in the United States jumped for the first time in five years, thanks to greater outlays from high-income families and parental readiness to spend more. Families spent an average of $24,164 for the 2014-15 academic year, a 16 percent… Read more 7/20/2015 - U.S. parents spend more, worry less about college (Reuters)