Category: Financial Landing 2015

11/12/2015 - Why Millennials Are Saving at a Younger Age Than Any Other Generation (Money)

Boomers may have spurred the mutual fund industry, but millennials are embracing it at a far younger age—plunking down their first dollars a decade earlier in life, new research shows.The average age that millennial households started investing in funds is 23, according to the Investment Company Institute. That compares with age 37 for older boomers… Read more 11/12/2015 - Why Millennials Are Saving at a Younger Age Than Any Other Generation (Money)

11/11/2015 -Study: Student loans getting in the way of retirement (CBS)

According to a new study, the average student loan debt of $35,000 can cost graduates nearly $700,000 in lost retirement savings over a 50-year period. Your fate is you’re not gonna retire ’til your 75, which is pretty sobering,” said Farnoosh Torabi, a personal finance expert with NerdWallet. Read the full article in CBS.  

11/10/2015 - Why seniors don't fear elder financial abuse (CNBC)

Allianz Life queried over 1,200 seniors and more than 1,000 people ages 40 to 64 about seniors’ finances and found that among the seniors, 89 percent were confident they could handle their money on their own. At the same time, 22 percent of the younger group said they were not confident in their own ability to… Read more 11/10/2015 - Why seniors don't fear elder financial abuse (CNBC)

11/9/2015 - Retired Americans Need More Savings (Plan Adviser)

Although the total percentage of adults surveyed by the Robert Morris University Polling Institute who say they are “very” or “somewhat” concerned about their financial security upon retirement has decreased since February, the percentage saying they are “very” concerned increased from 37.6% to 42.3%. Joseph Angelelli, a gerontologist and RMU assistant professor of health services… Read more 11/9/2015 - Retired Americans Need More Savings (Plan Adviser)

11/9/2015 - Why income inequality grows as people age (CBS MoneyWatch)

A recent study by economists at the Federal Reserve Bank of New York attempts to untangle these two potential causes of increasing wage and salary inequality as households age. They begin by documenting how income changes over time for males aged 25-60 (a similar study for women is underway). They find that “the median worker in the… Read more 11/9/2015 - Why income inequality grows as people age (CBS MoneyWatch)

11/6/2015 - After Years Out of a Job, Older Workers Find a Way Back In (The New York Times)

In the economic downturn that began in late 2007 and persisted through the middle of 2009, millions of people in their 50s and 60s were laid off, bought out, downsized or otherwise left without a steady paycheck. The Center for Retirement Research at Boston College, in a report titled, “How Will Older Workers Who Lose Their Jobs… Read more 11/6/2015 - After Years Out of a Job, Older Workers Find a Way Back In (The New York Times)

11/6/2015 - Baby steps to building a retirement (The Washington Post)

The government has introduced a retirement savings plan akin to a bike with training wheels. This starter account, called “myRA,” is meant to get millions of people into the habit of saving for their senior years.President Obama authorized the Treasury Department to create myRA, which is targeted to low- and middle-income workers who don’t have… Read more 11/6/2015 - Baby steps to building a retirement (The Washington Post)

11/6/2015 - Financial Advice for Women, From Women (The New York Times)

Women are increasingly their households’ breadwinners, and they are more likely than men to enroll in and complete college. Women are also a growing market, exercising decision-making control of an estimated $11.2 trillion in investable assets, according to the Center for Talent Innovation. Read the full article in The New York Times.

11/5/2015 - Is this the cure for America's retirement ills? (CBS MoneyWatch)

The U.S. Treasury loudly trumpeted the launch of myRA accounts earlier this week, which aim to provide a simple, safe, affordable savings option for workers who don’t have access to a savings plan at work. Would a myRA make sense for you? A myRA account could be a good idea if you answer “no” to all of the… Read more 11/5/2015 - Is this the cure for America's retirement ills? (CBS MoneyWatch)

11/4/2015 - Can myRa bring retirement planning to the masses? (Reuters)

The United States needs a sleek new vehicle for workplace retirement saving – something that covers the millions of workers who do not have a 401(k) or traditional pension. But on Wednesday, the White House rolled out a kid’s bike with training wheels instead, otherwise known as the myRA. The U.S Treasury has been beta-testing the… Read more 11/4/2015 - Can myRa bring retirement planning to the masses? (Reuters)