Category: Financial Landing 2015

11/4/2015 - Stressed, Tired, Rushed: A Portrait of the Modern Family (The New York Times)

Children are much more likely than not to grow up in a household in which their parents work, and in nearly half of all two-parent families today, both parents work full time, a sharp increase from previous decades.What hasn’t changed: the difficulty of balancing it all. Working parents say they feel stressed, tired, rushed and… Read more 11/4/2015 - Stressed, Tired, Rushed: A Portrait of the Modern Family (The New York Times)

11/3/2015 - Here's Why Women Have Half the Retirement Savings of Men (Forbes)

When it comes to their retirement savings, women take as many risks as men do, according to a new study byVanguard Research released last week. The study looked at 720,000 eligible employees, and found that in defined contribution plans—such a 401(k)s—women and men allocated roughly the same proportion of their savings to equity (73% and 74%,… Read more 11/3/2015 - Here's Why Women Have Half the Retirement Savings of Men (Forbes)

11/2/2015 - 8 most dangerous places to use your debit card (CBS Money Watch)

Making all of your purchases with a debit card is a good way to avoid spending more money than you have and racking up debt. But it’s not always the smartest way to pay. In fact, using a debit card at some places or in some instances can be dangerous. That’s because debit and credit card… Read more 11/2/2015 - 8 most dangerous places to use your debit card (CBS Money Watch)

10/31/2015 - Flat Social Security checks spark debate (USA Today)

Advocates for retirees cried foul after the government announced recently that Social Security recipients won’t be getting a cost-of-living increase next year because of falling prices, arguing officials aren’t considering their distinctive spending patterns.AARP and the Senior Citizens League said the Social Security Administration (SSA) instead should base its ruling on a special consumer price index for… Read more 10/31/2015 - Flat Social Security checks spark debate (USA Today)

10/26/2015 - Baby Boomers Hugely Underestimate What They Need for Retirement (The Wall Street Journal)

When it comes to saving for retirement, there’s a huge gap between what Americans say they want and what they’re doing to make it happen. A new survey from BlackRock on attitudes about money and financial goals found Americans are holding nearly twice as much cash as they think they ought to in order to reach their retirement goals.… Read more 10/26/2015 - Baby Boomers Hugely Underestimate What They Need for Retirement (The Wall Street Journal)

10/25/2015 - Deferring taxes not always best plan (Investment News)

In preparing for retirement, one accumulates as much money as possible. Most strategies focus on qualified accumulation, which defers income tax until the distribution phase when a person presumably has fewer exemptions and deductions. For high-income earners paying taxes at the highest levels during the accumulation phase, this is an advantage. For those at lower… Read more 10/25/2015 - Deferring taxes not always best plan (Investment News)

10/23/2015 - Why Is It So Hard To Save? U.K. Shows It Doesn't Have To Be (NPR)

Many people in the U.S., of course, feel this way too: I can’t afford to save. I have student loans. I just don’t make enough money. And these are very real problems. Wages have been stagnant for decades — especially in recent years since the recession. But if you take someone like Bloomfield and enroll him automatically in a retirement… Read more 10/23/2015 - Why Is It So Hard To Save? U.K. Shows It Doesn't Have To Be (NPR)

10/21/2015 - The 401(k) Crisis Is Getting Worse (Bloomberg)

Even as people live longer and must save more for old age than prior generations, most can not depend on any help from employers. Almost half of U.S. workers didn’t have a company-sponsored retirement plan in 2013, compared with 39 percent in 1999, according to an analysis of Census Bureau data by the Schwartz Center for… Read more 10/21/2015 - The 401(k) Crisis Is Getting Worse (Bloomberg)

10/21/2015 - Millennials face 'Great Depression' in retirement (CNBC)

Americans in their 20s and 30s are facing a retirement crisis that could plunge them back into the Great Depression, Blackstone President and Chief Operating Officer Tony James said Wednesday.”Social Security alone cannot provide enough for these people to retain their standard of living in retirement, and if we don’t do something, we’re going to… Read more 10/21/2015 - Millennials face 'Great Depression' in retirement (CNBC)

10/20/2015 - Would You Let A Robot Manage Your Retirement Savings? (NPR)

Roboadvisers are significantly less expensive than human ones. The startup WiseBanyan offers a fee-free service. Fees at the largest roboadvisers are a small fraction of those at Wall Street firms and traditional wealth managers. Greg Smith is the president of a roboadviser calledBlooom that seeks out the lowest fee options in a customer’s 401(k) plan. Smith… Read more 10/20/2015 - Would You Let A Robot Manage Your Retirement Savings? (NPR)