Archive for Financial -Landing 2013

3/25/2015 – Older and Out of Work in the Silicon Valley (KQED)

Mar 25, 2015 Comments Off by

Many of us being let go are the “mature” employees — the older workers who no longer fit in an industry that worships youth and its energy. I’ve been advised to dye my hair to enhance my youthful looks and to design a resume that obscures my many years of experience. Yes, at age 60, […]

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12/18/2013 – 4 Questions to Ask About Your Health-Care Costs in Retirement (Fox Business)

Dec 19, 2013 No Comments by

Health-care costs must be an integral part of a retirement financial plan because if they aren’t part of the equation, they can easily drain your nest egg.  But here’s the problem: They are impossible to predict accurately. Read the full article at Fox Business.

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12/17/2013 – A Way to Stay on the Job (NY Times)

Dec 18, 2013 No Comments by

Does your employer offer back-up elder care? Hundreds do, among them corporations (Home Depot, Yahoo, Hewlett-Packard), universities (Columbia, Northwestern), hospitals (Houston Methodist, Memorial Sloan-Kettering), law firms, nonprofit organizations and several government agencies. They collectively cover millions of employees. It is not the solution we all want to the long-term care crisis and the over-reliance on […]

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12/17/2013 – Should the U.S. force citizens to save? (Reuters)

Dec 18, 2013 No Comments

Americans aren’t saving enough to retire. This gap poses a problem for everyone, not just people who will face near-poverty when they can’t work anymore. Does that merit forcing people to save more? Read the full article at Reuters.

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12/17/2013 – Don’t blame pensions for cities’ woes: New study (CNBC)

Dec 18, 2013 No Comments

Detroit’s recent high-profile trip to bankruptcy court—allowing it to break decades of costly pension promises—has prompted other city officials to blame “legacy” retiree benefit costs for their dire financial conditions. But pension costs have played only a minor role in the current financial plight of the dozens of U.S. cities that find themselves unable to […]

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12/16/2013 – More Montana seniors rely on food programs to fill cupboards (Billings Gazette)

Dec 16, 2013 No Comments

After O.D. Etter was in a head-on crash, he could no longer work, and money for groceries dwindled. “I had a good hunting rifle I was able to pawn off and get enough to kind of keep things going,” said Etter, who is almost 75. At the time, Etter was desperate, and the rifle brought […]

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12/16/2013 – Employment-Based Retirement Plan Participation: Geographic Differences and Trends, 2012 (EBRI)

Dec 16, 2013 No Comments

The financing of retirement has become a vital topic in the United States as more and more Baby Boomers rapidly approach the traditional retirement age of 65. This group, with birth years 1946–1964 (ages 49-67), currently totals just over 75 million people and will greatly change the demographics of the nation as it continues to […]

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12/13/2013 – Target Market for Annuities Is Larger Than Most Advisors Think: Genworth (ThinkAdvisor)

Dec 15, 2013 No Comments

What do consumers think about annuities? Not much — leaving plenty of room for advisors to change that, according to a Genworth survey. The survey found 68% of respondents who don’t own an annuity have a positive or neutral impression of them. Among owners, 91% had a positive or neutral impression. Read the full article […]

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12/12/2013 – Column: Why minorities are losing the retirement race (Reuters)

Dec 12, 2013 No Comments

The issue of retirement inequality has caught fire in Washington, D.C., and a report issued this week throws a new log on the flames. The report comes on the heels of a legislative proposal from progressive Democrats to address retirement inequality through an expansion of Social Security benefits. They want to increase benefits for everyone […]

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12/11/2013 – ‘My Money’ credit cards can boost 401(k)s (MarketWatch)

Dec 12, 2013 No Comments

I have been thinking about two issues – how to reduce leakages from 401(k) plans and whether low-wage workers who are auto-enrolled into IRAs will stay put or opt out.  The link between these issues is the employee’s need to access funds before retirement.  Some suggest that people establish a buffer – or short-term – […]

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