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11/6/2014 - Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities (Brookings Institution)

by on November 6, 2014 5:34 pm
The shift in the U.S. retirement system away from company pensions and towards individual retirement accounts has placed greater responsibility on workers for ensuring the adequacy of their saving and managing those savings. Absent ready availability of or familiarity with suitable financial instruments, retirees increasingly are self-insuring against a variety of retirement risks, especially the… Read more 11/6/2014 - Better Financial Security in Retirement? Realizing the Promise of Longevity Annuities (Brookings Institution)
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11/6/2014 - Your parent's expenses can take a big bite out of your retirement (MarketWatch)

by on November 6, 2014 5:22 pm
Greater longevity may strain even the best-planned retirement portfolio, resulting in lifespans outliving wealthspans. And, helping mom and dad manage their longevity risk is likely to be the most costly for younger baby boomers and Gen X families in their 40s and 50s — just when college expenses and retirement savings are converging and competing… Read more 11/6/2014 - Your parent's expenses can take a big bite out of your retirement (MarketWatch)
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11/4/2014 - Why you shouldn't use retirement savings to pay off debt ( The Washington Post)

by on November 6, 2014 5:02 pm
For many workers, years spent building up retirement savings can fall apart at what would typically be a milestone worth celebrating: the start of a new job. The ability to cash out a retirement account comes with consequences. You’ll have to pay taxes on the money along with a 10 percent penalty for early withdrawal. Still, it’s an all-too-tempting option for… Read more 11/4/2014 - Why you shouldn't use retirement savings to pay off debt ( The Washington Post)
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11/4/2014 - The Best Financial Strategies for 20-Somethings (U.S. News & World Report)

by on November 6, 2014 4:50 pm
Millennials are growing up: The oldest of the cohort are approaching their mid-30s, which often coincides with more adult financial responsibilities, including mortgage payments and family-related costs. They have more grown-up challenges, too, like paying off debt and saving for retirement and future college tuition payments for children. The good news is that the financial services industry… Read more 11/4/2014 - The Best Financial Strategies for 20-Somethings (U.S. News & World Report)
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11/5/2014 - Will your brothers and sisters help care for your parents?

by on November 5, 2014 6:53 pm
Sometimes, sibling rivalry never really goes away, it just goes underground. And when it resurfaces in adulthood over the care of aging parents, the stakes are much higher than who has the best report card or plays with the favorite toy. Read the full article at MarketWatch.
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11/5/2014 - Should you pay off your mortgage when retiring?

by on November 5, 2014 6:02 pm
According to a new report, Baby Boomers & Their Homes: On Their Own Terms – released last week by The Demand Institute, a think tank jointly operated by The Conference Board and Nielsen, Baby Boomers are carrying much more mortgage debt than earlier generations at this life stage. Read the full article at USA Today.
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11/3/2014 - When is Social Security Taxable? (Nasdaq)

by on November 3, 2014 7:35 pm
In 2014, more than 59 million Americans will receive a total of over $860 billion in Social Security benefits. Given that Social Security taxes on their wage and salary income have gone toward funding the program, many recipients never even think about the possibility that lawmakers might have made Social Security taxable. Yet for an… Read more 11/3/2014 - When is Social Security Taxable? (Nasdaq)
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11/3/2014 - Don’t let your parents make these social media mistakes

by on November 3, 2014 5:23 pm
Parents have a hard enough time protecting their children from social media miscues, ID theft and the like. And now that nearly six in 10 Americans ages 65 or older are online, adult children increasingly have to worry about protecting their parents from all that could wrong in the digital world. First, consider that what… Read more 11/3/2014 - Don’t let your parents make these social media mistakes
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11/1/2014 - For Some, Retirement Brings Grief (The Wall Street Journal)

by on November 3, 2014 4:49 pm
For some retirees and their jobs, breaking up can be hard to do. After decades of punching a clock, most retirees look forward to slowing down, having more time for interests and activities that had been squeezed into a few hours at night or on weekends. But not everyone makes that transition easily. For some,… Read more 11/1/2014 - For Some, Retirement Brings Grief (The Wall Street Journal)
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10/31/2014 - On the Trail of Lost Money (The New York Times)

by on November 3, 2014 4:43 pm
There are tens of billions of dollars sitting in the unclaimed property funds that states run, just waiting to be taken back by rightful owners who have lost track of various stock dividends, tax refunds, bank accounts and the like. Orphaned 401(k) balances are a big enough problem that the Department of Labor commissioned a report from experts in… Read more 10/31/2014 - On the Trail of Lost Money (The New York Times)