Retirement
Will You Ever Be Able to Retire?
Wednesday, May 18th, 2011
It used to be that a lot of people were confident they’d be able to retire comfortably one day. Funny thing was, even in those good old days, far fewer people were actually taking the necessary steps, like saving enough money. Today, things have changed. More people are facing the fact that they’re behind on ... [Read more]
4 Comments » The Scared-to-Invest Generation
Sunday, November 14th, 2010
The recession has left workers in their 20s and 30s wary of the stock market. According to the Employee Benefit Research Institute, the percentage of workers between 25 and 35 who say they have saved for their retirement has fallen by over 20 percent in the last decade. A Newsweek article about the research noted ... [Read more]
How Much Would It Take To Feel Rich?
Monday, August 9th, 2010
CNNMoney.com recently posed that question among a random sample of people and financial advisors. Most people based their answer on an overarching objective of having enough money so that they would not have to work. Individuals said that would require anywhere from a couple thousand dollars a month to a billion dollars. Advisors put the ... [Read more]
Lots of People in Danger of Running Out of Money
Tuesday, July 20th, 2010
Nearly one-half of the oldest Baby Boomers (those ages 56-62) are at risk of not having enough income to pay for basic needs and uninsured healthcare costs during retirement. That’s the central finding of a new Employee Benefit Research Institute report. The solutions are obvious and have been repeated many times before. First, run a ... [Read more]
Trying to Catch Up in the Retirement Race
Wednesday, May 26th, 2010
Over half of all employed American adults feel “a little” or “far” behind in their financial preparations for retirement, according to a new survey from TD Ameritrade. The most common explanation? Respondents said they simply have no money left to save after meeting their regular expenses or they started saving too late. Many parents also ... [Read more]
How Gender Impacts Investor Behavior
Monday, March 22nd, 2010
Who do you think tends to be better investors: men or women? The latest in a fairly large body of research on the topic sides with women. As reported by The New York Times, a Vanguard analysis of 2.7 million IRA investors found that women were less likely to sell their equity investments at last ... [Read more]
Retirement Realities Sinking In
Tuesday, March 9th, 2010
American workers are becoming more realistic about their prospects for retirement. The latest annual Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI) found that nearly 25 percent of all of today’s workers expect to retire at age 70 or older, the highest number expecting such a late retirement since the EBRI started its ... [Read more]
Rethinking Retirement
Tuesday, November 24th, 2009
According to Businessweek, the Age of Retirement is “over.” The magazine summed up its stark “vision” of our later years in four words: “Forget retirement. Keep working.” For many older workers there is simply no other choice than to continue working in their later years. According to the Employee Benefit Research Institute (EBRI), half of ... [Read more]
Financial Stress Cutting Into Sleep Time
Wednesday, September 23rd, 2009
Money matters are still keeping a lot of us up at night, but a new survey from Harris Interactive and Principal Financial Group also contained a few slivers of positive news. As reported by U.S. News & World Report, inflation is the top concern among retirees, keeping nearly 40 percent from getting a good night’s ... [Read more]
Putting Off Retirement
Wednesday, September 9th, 2009
People’s lack of savings plus the recession has left an increasing number of people realizing they may need to work longer than expected. Understanding that such news may not sound pleasant, a Mainstreet article noted that you don’t have to sign on for an extra 10 to 20 years in order to afford retirement; another ... [Read more]
