Category: Financial Landing 2015

5/13/2015 - Creating a Vision for Retirement (U.S. News & Report)

What is your motivation to retire? At some point, many people begin to dread going to work. A job they used to love is a job they now despise. Reasons may include the market, the economy, new regulations or stock holder expectations. Many companies do not treat their employees as well as they used to,… Read more 5/13/2015 - Creating a Vision for Retirement (U.S. News & Report)

5/14/2015 - A Call for Responsible Banking in Low-Income Neighborhoods (NPR Marketplace)

“Redlining” is when banks in lots of U.S. cities refuse to make loans or provide services in some neighborhoods—often low-income neighborhoods with high populations of immigrants and African Americans. The practice was officially ended in 1977, with a federal ban known as the Community Reinvestment Act that also encouraged banks to reinvest in poor areas.… Read more 5/14/2015 - A Call for Responsible Banking in Low-Income Neighborhoods (NPR Marketplace)

5/12/2015 - For new college grads, financial 101 advice (MarketWatch)

According to the College Board, among those graduating in 2012-13 with a bachelor’s degree from the college they started their studies at, 60% had education loans, with the amount averaging $27,300.Despite often hefty debts, college graduates are arguably wealthy, thanks to their expected lifetime income. Figured in today’s dollars, those earnings might range from an… Read more 5/12/2015 - For new college grads, financial 101 advice (MarketWatch)

5/10/2015 - Generation X is Better Prepared for Retirement Than Baby Boomers (Main Street)

The economic environment over the past few years forced more Gen X-ers to be prepared, said Brandon Moss, a vice president at United Capital, a Newport Beach, Calif. financial management firm. “It has almost forced us to be better savers and pay more attention to the long-term,” he said. “Gen X-ers don’t have pensions and… Read more 5/10/2015 - Generation X is Better Prepared for Retirement Than Baby Boomers (Main Street)

5/9/2015 - Americans Struggle to Sock Away Retirement Savings (USA Today)

According to a 2014 survey from the Employee Benefit Research Institute, only 64% of Americans have reported saving any money at all for retirement to supplement anticipated Social Security benefits. Those with some savings typically don’t have much. The EBRI survey found that roughly six of every 10 Americans have less than $25,000 in total retirement… Read more 5/9/2015 - Americans Struggle to Sock Away Retirement Savings (USA Today)

5/8/2015 - New Math for Retirees and the 4% Withdrawal Rule (The New York Times)

Known as the 4 percent rule, it found that retirees who withdrew 4 percent of their initial retirement portfolio balance, and then adjusted that dollar amount for inflation each year thereafter, would have created a paycheck that lasted for 30 years. The concept has been both celebrated and criticized, and it has recently come under scrutiny yet… Read more 5/8/2015 - New Math for Retirees and the 4% Withdrawal Rule (The New York Times)

5/6/2015 - How to retire before your spouse (U.S. News & Report)

Money plays a big role in figuring out when you should retire. But most families would benefit from having thorough discussions about the transition into retirement that go beyond the financial realm. Retirement can be especially complicated for spouses who don’t retire at the same time. Your role within the family will change for both the working and… Read more 5/6/2015 - How to retire before your spouse (U.S. News & Report)

5/5/2015 - A silver lining for retirement savers (The Washington Post)

More and more money is flowing into target-date funds, a popular default choice for companies that automatically enroll workers into retirement savings plan. But as the funds grow in popularity, investors using them are benefiting from another shift — they’re growing less expensive. The average fee charged by target-date funds dropped to 0.65 percent this year,… Read more 5/5/2015 - A silver lining for retirement savers (The Washington Post)

5/4/2015 - Where Poor Kids Grow Up Makes a Huge Difference (NPR)

In two new studies, Harvard economist Raj Chetty and his colleagues found that where poor kids grow up has a huge effect on how much money they earn as adults. In one study, families living in public housing were randomly selected to be eligible for housing vouchers that required them to move to low poverty… Read more 5/4/2015 - Where Poor Kids Grow Up Makes a Huge Difference (NPR)

5/3/2015 - Family-funded reverse mortgage can help elderly parents keep home (The Los Angeles Times)

Could there be a way to help senior homeowners with their cash flow needs without saddling them — and ultimately their families — with high costs? That’s a key question at a time when millions of seniors are flooding into their post-retirement years, many of them with equity in their homes but insufficient income to… Read more 5/3/2015 - Family-funded reverse mortgage can help elderly parents keep home (The Los Angeles Times)