Category: Financial Landing 2015

11/20/2015 - Fidelity Joins Growing Field of Automated Financial Advice (The New York Times)

Fidelity Investments is flirting with the investment robots. Fidelity is testing its own automated investing platform, which it is calling Fidelity Go. The move puts the company into head-to-head competition with so-called robo-adviser start-ups like Betterment and Wealthfront, as well as traditional players like Vanguard and Schwab that recently began offering similar services. The Fidelity details are listed… Read more 11/20/2015 - Fidelity Joins Growing Field of Automated Financial Advice (The New York Times)

11/19/2015 - New Social Security Strategies for Couples: The New Rulebook (The Wall Street Journal)

Congress recently put an end to a pair of Social Security claiming strategies that couples have used to add tens of thousands of dollars to their lifetime retirement incomes. Now, spouses who want to maximize their benefits will need to become familiar with the next-best claiming strategies. Read the full article in The Wall Street Journal.

11/18/2015 - In retirement, seniors reinvent themselves as volunteers (The Washington Post)

According to the Corporation for National and Community Service, 18.7 million people over 55, or more than a quarter of the total, do volunteer work. They contributed about 3 billion hours of service every year between 2008 and 2010. The information collected by the agency, which supervises AmeriCorps, Learn and Serve America and other service initiatives,… Read more 11/18/2015 - In retirement, seniors reinvent themselves as volunteers (The Washington Post)

11/17/2015 - For Women, Income Inequality Continues Into Retirement (NPR)

Poverty does not treat men and women equally, especially in old age. Women 65 years old and older who are living in poverty outnumber men in those circumstances by more than 2 to 1. And these women are likely to face the greatest deprivation as they become older and more frail. Read the full article in NPR.

11/17/2015 - Bad Debt Collectors and Their Prey (The New York Times)

All states have laws that are intended to prevent debt collectors from driving families into destitution. But those laws, some of which date to the distant past, have been rendered ineffective by debt collectors using new and devious ways to win court judgments that allow them to seize debtors’ paychecks or bank accounts. Last week,… Read more 11/17/2015 - Bad Debt Collectors and Their Prey (The New York Times)

11/17/2015 - We’re Living Longer. That’s Great, Except for Social Security (The New York Times)

As people live longer, they spend a larger fraction of their lives in retirement, collecting benefits. As large government programs go, Social Security retirement benefits are extremely simple: The program takes money from working people and gives it to retired people. This simplicity is great in that it makes it easy to see the magnitude… Read more 11/17/2015 - We’re Living Longer. That’s Great, Except for Social Security (The New York Times)

11/16/2015 - Chip Credit Cards Give Retailers Another Grievance Against Banks (The New York Times)

The new chip cards are at the center of a growing dispute that has pitted two of America’s most prominent industries — banking and retailing — against each other, and pulled in attorneys general and even the Federal Bureau of Investigation in the process. But the debate involves more than whether consumers will be adequately… Read more 11/16/2015 - Chip Credit Cards Give Retailers Another Grievance Against Banks (The New York Times)

11/16/2015 - How Retirement Benefits Will Change in 2016 (U.S. News & World Report)

Retirement savers will get the option to participate in a new type of retirement account next year, the myRA. There will also be fewer Social Security claiming options for married couples and a small Medicare premium increase for some beneficiaries. Read the full article in U.S. News & World Report.

11/16/2015 - What to do after these retirement funds hit goals? (CNBC)

Target-date funds may be a somewhat blunt instrument when it comes to retirement planning, but they have quickly become the investment of choice for 401(k) plan sponsors and participants — whether by design or by default.A major challenge for the industry, however, is to determine what to do when target-date funds reach their targets and… Read more 11/16/2015 - What to do after these retirement funds hit goals? (CNBC)

11/11/2015 - ‘Supersavers’ Focus on the Goal (The New York Times)

Given that two-thirds of Americans report having little savings for retirement — and half of married couples and three-quarters of single people in retirement count on Social Security for half or more of their income — saving is a problem and supersavers have something to teach the rest of America. Read the full article in The New York Times.