Category: Financial Security 2016

1/24/2016 - Money vs. Time

A new survey reveals that money and financial pressures don’t influence when people choose to retire as much was first thought. For many, it isn’t just about money, but about the freedom to enjoy life. That’s just one finding in a 2015 survey of 9,372 pre-retirees and 2,293 retirees (plus 451 people who plan never… Read more 1/24/2016 - Money vs. Time

1/21/2016 - Tap-and-go card boom leaves elderly at greater risk of 'family fraud'

A boom in the use of contactless cards is making elderly cardholders the victims of fraud as family and friends prey on their lack of digital knowhow, a charity has warned. As tap-and-go cards have grown in popularity Action on Elderly Abuse, a helpline for older crime and abuse victims, has experienced a spike in… Read more 1/21/2016 - Tap-and-go card boom leaves elderly at greater risk of 'family fraud'

1/19/2016 - A new approach to do-it-yourself retirement planning

With the decline of traditional pensions, many older workers and retirees face a “do it yourself” retirement: You’re on your own to figure out how to make your retirement savings last for the rest of your life. With retirements that can extend 20 to 30 years or more, this is indeed a daunting challenge for… Read more 1/19/2016 - A new approach to do-it-yourself retirement planning

1/12/2016 - ObamaCare’s $1,200 Pay Cut

In a working paper, Center on Longevity faculty affiliates Gopi Shah Goda and Jay Bhattacharya of Stanford, and Monica Farid of Harvard exploit the fact that some 37 states had extended dependent-coverage mandates of varying rigor and comprehensiveness before the Affordable Care Act. They explore these differences to estimate the results of the uniform national… Read more 1/12/2016 - ObamaCare’s $1,200 Pay Cut

1/11/2016 - Raising Retirement Age Disproportionately Hurts Poor

The rich are increasingly outliving the poor, meaning policies aimed at delaying retirement could disproportionately hurt low socioeconomic status workers, new research shows. Read the full article at Bloomberg.

1/1/2016 - A Smarter Plan to Make Retirement Savings Last

Starting in 2020, the numbers of very low-income elderly will rise sharply as the retired population soars to almost 56 million. More middle-class working Americans will be poor or near poor after they reach the age of 65. Most currently have inadequate 401(k)-type accounts or no retirement account at all. For good reason, voters tell… Read more 1/1/2016 - A Smarter Plan to Make Retirement Savings Last