Category: Financial Landing 2015

10/2/2015 - Downsizing Offers a Fresh Start for Older Adults (The New York Times)

An estimated 4.2 million retirees moved to a new home in 2014, according to a Merrill Lynch and Age Wave report, “Home in Retirement: More Freedom, New Choices.” Over all, 64 percent of retirees expect to move at least once during retirement. Read the full article in The New York Times.

10/1/2015 - Young Americans Are Giving Up on Getting Rich (Bloomberg)

Young Americans’ incomes are depressed, their retirement nest eggs are microscopic, and their rate of employment is weak. The trend lines aren’t promising, either, which likely explains why there’s no shortage of pessimism out there. In a Bloomberg poll of Americans age 18 to 35—the millennial generation—47 percent said they do not expect their cohort to… Read more 10/1/2015 - Young Americans Are Giving Up on Getting Rich (Bloomberg)

9/30/2015 - How to draw down your retirement savings (CNBC)

Saving for retirement is challenging, no doubt. But if you want to know what’s really tricky, consider spending that money in retirement.Retirees in the past often relied on a simple rule for retirement income: Draw down 4 percent of your savings every year and you will be all set. But the retirement landscape has changed.For… Read more 9/30/2015 - How to draw down your retirement savings (CNBC)

9/28/2015 - Why I’ll Still Own Lots of Stocks When I’m Old (Money)

When EBRI recently released its annual 401(K) database report, most observers were heartened that balances and growth rates were up for a large cross-section of retirement plan participants. But there was one curious finding: equity holdings had dropped between 2007 and 2013, especially among older participants. By the end of 2013, 24% of people in their… Read more 9/28/2015 - Why I’ll Still Own Lots of Stocks When I’m Old (Money)

9/26/2015 - To Get a Job in Your 50s, Maintain Friendships in Your 40s (The New York Times)

We hear it all the time: People who are over 50 take longer to find jobs than younger people. Connie Wanberg, a professor at the Carlson School of Management at the University of Minnesota, had long heard gloom-and-doom stories to that effect, but she wondered how strong the data was to support them. Very, as… Read more 9/26/2015 - To Get a Job in Your 50s, Maintain Friendships in Your 40s (The New York Times)

9/25/2015 - Working in retirement means going back to school (MarketWatch)

It is September — it’s back-to-school month — but maybe the annual autumn ritual shouldn’t be just for kids. A recent survey by Northwestern Mutual revealed that more and more Americans are making work a part of their retirement plan. Two-thirds of the survey respondents cite financial security as the primary reason for working well past traditional… Read more 9/25/2015 - Working in retirement means going back to school (MarketWatch)

9/24/2015 - How Millions of Americans Are Flubbing Retirement (Money)

The fact that many Americans aren’t getting the most out of Social Security isn’t exactly news. With savings rates low and the economy still trying to find a groove, retirees may simply need the money right away. Here’s what is news: New evidence suggests a big portion of would-be retirees have enough savings to put off receiving… Read more 9/24/2015 - How Millions of Americans Are Flubbing Retirement (Money)

9/23/2015 - These Americans have yet to recover from the recession (MarketWatch)

The Great Recession is officially over, but one group of Americans is struggling to leave it behind. Members of Generation X, defined by most demographers as those born between 1965 and 1980 and now in their 30s and 40s, are carrying higher debt, “and appear to be remarkably complacent about its implications for their financial… Read more 9/23/2015 - These Americans have yet to recover from the recession (MarketWatch)

9/23/2015 - How millennials should save for retirement (CNBC)

It’s not easy being a millennial these days. Sure, they may have piled up the trophies in their childhood, but millennials are now old enough to be attending college or embarking on careers. And they are doing so as they contend with a number of special challenges, from staggering levels of student debt to global… Read more 9/23/2015 - How millennials should save for retirement (CNBC)

9/22/2015 - This Employer gives you $1,200 a year to pay off student loans (CNN Money)

Starting next year, PwC will give each worker $1,200 annually to help pay down their student loans, for up to six years. All associates and senior associates — who typically range from entry-level workers to those with six years of experience — are eligible for the perk. PwC hires a lot of recent grads, recruiting… Read more 9/22/2015 - This Employer gives you $1,200 a year to pay off student loans (CNN Money)