10/7/2015 - Why your retirement could cost you an extra $25,000 (Fortune)
by djaworski on October 7, 2015 5:14 pm
Don’t blame the Affordable Care Act or inflation — we’re just living longer, according to one study. To the list of expenses you can count on in retirement, add an extra $25,000 for healthcare. On Wednesday, Fidelity Investments released it’s annual retirement healthcare cost estimate and the amount a 65-year-old couple is projected to need is… Read more 10/7/2015 - Why your retirement could cost you an extra $25,000 (Fortune)
10/6/2015 - States To Workers: Let Us Help You Build Your Retirement Savings (NPR)
by djaworski on October 7, 2015 5:12 pm
America’s retirement statistics are grim: About 40 percent of baby boomers have nothing saved for retirement, about a third of Americans who are currently retired rely on Social Security for almost all of their income, and the outlook for current workers isn’t much better. About half of private sector employees have no retirement plan on… Read more 10/6/2015 - States To Workers: Let Us Help You Build Your Retirement Savings (NPR)
10/7/2015 - Health Care in Retirement Will Cost How Much? (Plan Adviser)
by djaworski on October 7, 2015 4:52 pm
For many, generating $250,000 in savings seems like quite a far off dream, but Fidelity’s Retirement Health Care Cost Estimate study now projects Americans will need just about that much to pay for health care in retirement. According to Fidelity, a healthy couple retiring this year at age 65 should expect to spend $245,000 on… Read more 10/7/2015 - Health Care in Retirement Will Cost How Much? (Plan Adviser)
10/6/2015 - Most Americans have less than $1,000 in savings (MarketWatch)
by djaworski on October 7, 2015 4:10 pm
Americans are living right on the edge — at least when it comes to financial planning. Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance… Read more 10/6/2015 - Most Americans have less than $1,000 in savings (MarketWatch)
10/6/2015 - Europe's Aging Society Seen as Roadblock for Economic Revival
by admin on October 6, 2015 5:52 pm
Europe’s stability is proving to be the root of its economic weakness, economists said at conference in London. The region’s aging population, while providing a bulwark against dramatic upheaval, is struggling to adapt to a changing world, panelists said at the Bloomberg Markets Most Influential Summit on Tuesday. From its fading competitiveness in global markets to the… Read more 10/6/2015 - Europe's Aging Society Seen as Roadblock for Economic Revival
10/5/2015 - The Hurdles to Getting Hearing Aids
by admin on October 5, 2015 5:47 pm
Hearing loss is usually gradual, and people often fail to recognize when it becomes severe enough to warrant hearing aids. Some deny that they have a problem, and instead accuse others of mumbling when they know people are talking but can’t understand what is being said. Still others regard hearing aids as unattractive devices that… Read more 10/5/2015 - The Hurdles to Getting Hearing Aids
10/5/2015 - Can robots close the retirement savings gap? (CNBC)
by djaworski on October 5, 2015 4:34 pm
Can robots help Americans be better prepared for retirement? Online investment services that provide automated, algorithm-based portfolio management advice have attracted millions of investors over the past few years with their low fees and minimum requirements. The so-called robo-advisors had an estimated $8 billion in assets under management as of July, a 34 percent increase from last… Read more 10/5/2015 - Can robots close the retirement savings gap? (CNBC)
10/4/2015 - The 4 Things to Do Before Retirement (The Wall Street Journal)
by djaworski on October 4, 2015 5:15 pm
The size of your nest egg isn’t the only thing you should be focused on as you close in on retirement.So say financial planners and experts, who point to several financial moves investors can make in the years before they leave work that might help them preserve their savings, reduce their tax bills and provide… Read more 10/4/2015 - The 4 Things to Do Before Retirement (The Wall Street Journal)
10/2/2015 - Downsizing Offers a Fresh Start for Older Adults (The New York Times)
by djaworski on October 2, 2015 7:14 pm
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)
by djaworski on October 1, 2015 7:18 pm
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)
