In the News • March 8, 2015
“Whether the U.S. is facing a retirement crisis isn’t a matter of debate for the majority of Americans. A new poll shows that 86 percent of people agree that it’s a crisis. And it’s hardly just those approaching retirement who see it that way. When the generation just starting to plan for retirement — millennials […]
In the News • March 4, 2015
“Americans are anxious about their ability to live out their Golden Years with a measure of financial security. Those fears, unfortunately, are more than justified. With about 10,000 Americans retiring each day, a growing number are leaving the workforce without pensions, with modest Social Security benefits or inadequate individual account balances. Factor in skyrocketing health […]
In the News • March 4, 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? Last week, 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 homes. […]
In the News • March 3, 2015
“A new report ranks Wyoming the best state for retirement security for the third time in a row, while California holds on to the bottom spot. The study by the National Institute on Retirement Security on economic pressures for future retirees gave the overall thumbs up and thumbs down based on a combination of retirement […]
In the News • February 11, 2015
“Reaching your 50s or 60s with very little money set aside for retirement is unfortunate, but it’s not unusual. The average household headed by someone nearing retirement age has a median retirement account balance of only $14,500, according to the National Institute on Retirement Security. That includes the 45% of households in that age bracket with […]
In the News • February 10, 2015
“Depending on who you listen to, Barack Obama either wants to steal your pensionor make sure you have enough to retire on. Whatever the truth, the White House’s latest budget shows a lot of interest in retirement. What it fails to demonstrate is much in the way of new thinking. As the White House pointed out, the […]
In the News • February 8, 2015
“The statistics on the wealth gap between black, Hispanic, and white Americans are nothing short of shocking. A new report from the Urban Institute shows that this gap has widened dramatically over the last few decades. Today, white families have around 12 times the wealth of African-American families and 10 times the wealth of Hispanic families, by the institute’s […]
In the News • January 26, 2015
“The consequences of these growing savings shortfalls could be severe for both American families and the national economy, as a large share of households may be forced to significantly reduce consumption in retirement and will have to rely heavily on their families, charities, and the government for help to make ends meet. Rather than staying […]
In the News • December 12, 2014
“On the road to retirement land, Americans aren’t putting enough gas in the tank. New research from leading retirement security experts shows that shortfalls in 401(k) accounts — the dominant savings vehicle in the private sector — are large, and that the cost of filling them is much greater than people realize. The bottom line: […]