Category: Financial Landing 2015

5/2/2015 - Medical alert scammers bully seniors (USA Today)

Elderly consumers across the country found themselves bullied and tricked into paying hundreds of dollars for medical alert devices they never ordered, according to federal regulators.The seniors were in their 70s or older, often lived alone and had limited incomes but were scared into paying good money for something they didn’t really want. If you’re… Read more 5/2/2015 - Medical alert scammers bully seniors (USA Today)

5/2/2015 - Plan participants stuck with retirement savings last year (Benefits Pro)

Plan participants are, by and large, continuing to save for retirement, with hardship withdrawals holding steady and allocations staying pretty much the same. Those are some of the findings from the Investment Company Institute’s research report “Defined Contribution Plan Participants’ Activities, 2014,” which found that most people in a DC plan are continuing to contribute. Just 2.9… Read more 5/2/2015 - Plan participants stuck with retirement savings last year (Benefits Pro)

5/2/2015 - Even at the Top, Making Plans for Life's 'Third Chapter' (The New York Times)

Whether closing that next deal or creating that next film, high-powered executives thrive on the next big thing. Without it, some are left searching for meaning or another challenge. To that end, a growing number of Americans are creating a new phase of life, sometimes called a “third chapter.” Often leading the way are those… Read more 5/2/2015 - Even at the Top, Making Plans for Life's 'Third Chapter' (The New York Times)

5/1/2015 - New generation requires new retirement thinking (Employee Benefits News)

Eighty million millennials are already challenging and redefining so-called convention as their generation becomes a legitimate force in every aspect of our society. Their collective world view often defies the standard notions of prior generations, as they maintain radically different opinions on pretty much everything. They’re also forcing the financial services community to rethink conventional… Read more 5/1/2015 - New generation requires new retirement thinking (Employee Benefits News)

4/29/2015 - College Savings take a Dive (Reuters)

 Average amounts saved for college have fallen 25 percent since last year and fewer middle-income families are saving for higher education, even as parents overwhelmingly endorse its value as an investment, according to “How America Saves for College 2015,” the latest survey by education lender Sallie Mae. Parents had an average $10,040 set aside for… Read more 4/29/2015 - College Savings take a Dive (Reuters)

4/24/2015 - As Cognition Slips, Financial Skills Are Often the First to Go (The New York Times)

Studies show that the ability to perform simple math problems, as well as handling financial matters, are typically one of the first set of skills to decline in diseases of the mind, like Alzheimer’s, and Ms. Clark’s father-in-law, who suffered from mild dementia, was no exception. Research has also shown that even cognitively normal people may… Read more 4/24/2015 - As Cognition Slips, Financial Skills Are Often the First to Go (The New York Times)

4/24/2015 - Why the retirement savings crisis is also a women's crisis (The Washington Post)

 The retirement savings crisis is enormous. By some estimates, Americans are under-saved by up to $14 trillion. This number may in fact be understated, because it assumes Social Security and Medicare solvency – a big if. And the solutions to this problem are generally assumed to be a real negative for the economy. But here’s the dot… Read more 4/24/2015 - Why the retirement savings crisis is also a women's crisis (The Washington Post)

4/26/2015 - Make way for the millennials, America's economic force of the future (The Dallas Morning News)

The roughly 74 million millennials, including 6.3 million in Texas, will have a profound economic effect as more baby boomers retire. They’ll spend more money on new technology, they’ll start the next Google, and they’ll become the main breadwinners for their families.But some of their distinct characteristics may delay their full impact. Millennials — also… Read more 4/26/2015 - Make way for the millennials, America's economic force of the future (The Dallas Morning News)

4/26/2015 - Plan on not working past 65 (USA Today)

Plan on working past age 65? If so, you better have a backup plan. Consider: More than one in three workers (36%) say they plan to retire after age 65, according to a study conducted by Greenwald & Associations and published this week by the Employee Benefit Research Institute (EBRI). And that figure is up threefold from 1991, when… Read more 4/26/2015 - Plan on not working past 65 (USA Today)

4/26/2015 - Parents and Millennials Agree: Best to Save Early (USA Today)

Parents and their kids don’t always see eye to eye. But a new survey says both agree that advice to start saving as soon as possible is the most critical financial tip parents have given their Millennial offspring.That’s according to a USA TODAY/Bank of America Better Money Habits survey of 1,000 Millennials, 18-34, and 1,005… Read more 4/26/2015 - Parents and Millennials Agree: Best to Save Early (USA Today)