Category: Financial Landing 2015

6/30/2015 - U.S. military to begin offering pension, death benefits to same-sex couples (KRQE News 13)

The U.S. military is making big changes because of the Supreme Court ruling on same-sex marriage. The Department if Veterans Affairs announced Monday it will begin offering the same pension and death benefits to same-sex couples as to heterosexual veterans. Read the full article in KRQE News 13.

6/29/2015 - The downside of automatic 401(k) enrollment (CNBC)

Nearly a third of Americans age 55 and over have no retirement savings, and defined benefit pension plans are going the way of the dinosaur. So you’d think that employers would be doing a great thing when they automatically enroll employees in 401(k) plans. Not exactly. Auto enrollment, as the practice is known, does increase employee participation in… Read more 6/29/2015 - The downside of automatic 401(k) enrollment (CNBC)

6/27/2015 - The "Big Boom Theory" For Retirement: Millennials, Pay Attention; You Are Next (Forbes)

According to USA Today, “Almost a third of workers (28%) say they have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions.” Unfortunately, the picture gets darker, the rain has started, and the rainbow has disappeared. Employee Benefit Research Institute and… Read more 6/27/2015 - The "Big Boom Theory" For Retirement: Millennials, Pay Attention; You Are Next (Forbes)

6/26/2015 - 5 Ideas To Ease The Burden Of Student Loans (NPR)

The total outstanding balance of federal student loans: $1.3 trillion. Whether it’s because of for-profit colleges shutting down or popular debates about the moral necessity of repayment, the issue consistently makes headlines, and it shows signs of emerging into political prominence during this election cycle. Sen. Elizabeth Warren, D-Mass., made news recently when she spoke out about creating… Read more 6/26/2015 - 5 Ideas To Ease The Burden Of Student Loans (NPR)

6/26/2015 - Americans Are Delaying Major Life Events Because of Money Worries (The New York Times)

About half of American adults have postponed a major life decision in the past year for financial reasons, mainly because they lack sufficient savings or are worried about the economy, or both, a new survey finds. The survey, conducted for the American Institute of Certified Public Accountants, found that the proportion of people delaying big decisions… Read more 6/26/2015 - Americans Are Delaying Major Life Events Because of Money Worries (The New York Times)

6/25/2015 - Financial Woes Keep Many Americans Up at Night (U.S. News & World Report)

Nearly two-thirds of Americans are losing sleep over at least one financial concern, according to a survey released Thursday by CreditCards.com.The survey, which compiled responses from 3,600 people across the country, asked participants to identify which of a handful of financial concerns keeps them up at night, and found that 62 percent of the U.S.… Read more 6/25/2015 - Financial Woes Keep Many Americans Up at Night (U.S. News & World Report)

6/24/2015 - A Thorny Trade-Off in Protecting Older Investors (The Wall Street Journal)

Some states have been giving brokerage firms more power to halt stock purchases and money transfers when they suspect their older clients are becoming victims of financial abuse or fraud. Missouri this month joined at least two other states—Delaware and Washington—in passing laws that shield brokerages from some liability if they delay certain questionable transactions… Read more 6/24/2015 - A Thorny Trade-Off in Protecting Older Investors (The Wall Street Journal)

6/23/2015 - We’re Living Longer, and Other Reasons to Worry About Americans’ Retirement Outlook (The Wall Street Journal)

Only about half of adults who aren’t yet retired expect to have enough money to live comfortably once they stop working, While that’s an improvement over the outlook that prevailed in the aftermath of the recession, it’s still lower than early in the last decade. Read the full article in The Wall Street Journal. 

6/22/2015 - New Momentum on Paid Leave, in Business and Politics (The New York Times)

Oregon this month became the fourth state to pass a bill requiring that companies give workers paid sick days to care for themselves or family members.Chipotle said this month that it would begin offering hourly workers paid sick and vacation days, joining McDonald’s, Microsoft and other companies that have recently given paid leave to more… Read more 6/22/2015 - New Momentum on Paid Leave, in Business and Politics (The New York Times)

6/22/2015 - When Retirement Savings are unsafe (The New York Times)

The Department of Labor is about midway through a public comment period on its “fiduciary rule” proposal to require financial advisers to act solely in their clients’ best interests when giving advice and selling investments for retirement accounts. The proposal, if finalized, would be a big improvement on current practice, in which many advisers are… Read more 6/22/2015 - When Retirement Savings are unsafe (The New York Times)