In the News • June 1, 2015
” “The Greatest Retirement Crisis in the History of the World” That’s what Forbes calls it. Most retirement-age Americans have little or no savings. $30 trillion in new wealth has been gained in the U.S. since 2009, six times more than the amount spent on Social Security during that time, and most of itwent to older Americans, as it has for the last 30 […]
In the News • May 18, 2015
“In the real world, we see most people still struggling to save for retirement. A new study from theNational Institute on Retirement Security reports that the median retirement account balance for households nearing retirement is $14,500; almost two out of three working heads of households (62%) ages 55 to 64 hold retirement savings worth less than […]
In the News • May 15, 2015
“More companies have shifted away from defined-benefit plans in the past few decades, as they struggle with mounting pension obligations. Now, a new report argues that the large-scale move by companies toward defined-contribution 401(k) plans is widening the gap between rich and poor in the United States.” -Wall Street Journal Read the article.
In the News • May 6, 2015
“The markets may be improving for some, but for many Americans, a retirement crisis still looms: According to the National Institute on Retirement Security, about 45 percent — or 38 million working-age households — have not started a retirement fund of any kind. With the future of Social Security uncertain and an increasing number of […]
In the News • April 28, 2015
“Fifty-three million Americans are now living the freelance life, and they have one very big thing in common: Without the backing of a full-time employer, the onus is on freelancers to handle their own retirement planning. In all, about 34 percent of the nation’s workforce is now freelance, according to a nationwide survey put out last summer […]
In the News • March 30, 2015
“People! Why won’t they behave the way financial advisers and economists tell them to when it comes to their retirement and their money? In February, Merrill Lynch and Age Wave came out with a survey of retirees which found not only didn’t they all downsize when retiring, 30% who’ve moved since they retired have upsized their […]
In the News • March 29, 2015
“You need to know this number: $18,433. That’s the median amount in a 401(k) savings account, according to a recent report by the Employee Benefit Research Institute. Almost 40% of employees have less than $10,000, even as the proportion of companies offering alternatives like defined benefit pensions continues to drop. Older workers do tend to […]
In the News • March 23, 2015
“You need to know this number: $18,433. That’s the median amount in a 401(k) savings account, according to a recent report by the Employee Benefit Research Institute. Almost 40 percent of employees have less than $10,000, even as the proportion of companies offering alternatives like defined benefit pensions continues to drop. Older workers do tend to have […]
In the News • March 11, 2015
“I am an idiot. That, at least, is the impression I get from personal finance websites and magazines and books. They all seem to say I’m doing pretty much everything wrong when it comes to my financial life, basically because I don’t pay that much attention to my finances. Now, I understand that nobody buys […]