Posted on 08/29/2012 by Elizabeth Brown | Brooklyn, NY | Comments
Money & Savings | News RoundupsCall it generational rebellion at its finest: It seems all the gloomy retirement forecasting for boomers has been inspiring their kids to save more. Workers in Gen X and Gen Y are both starting retirement savings earlier and more likely to make automatic contributions than members of the boomer generation, according to a new survey.
Posted on 08/17/2012 by Carole Fleck | Money and Work | Comments
Bulletin Today | Money & SavingsWe talk about retiring and visions of frolicking on a sun-drenched beach with coconut-infused cocktails give way to anxiety and even fear. Retirement is close enough to smell and taste and touch. But will we ever feel assured that we’ve saved enough to live comfortably and pretty much in the same manner as when we worked? The average retirement age has crept up gradually over the years, from 62 in the mid-1990s to 64 for men, and from 60 to …
Posted on 08/7/2012 by Carole Fleck | Money and Work | Comments
Bulletin Today | Money & Savings | WorkMany of us boomers and older adults fear that we’ll retire with too little saved, and that over time, we’ll outlive our savings and die with empty pockets. Well, a study has now confirmed our worst fears: 46 percent of people die with either no financial assets, or less than $10,000. Many of these households didn’t own a home (or gave up ownership later in life) and relied almost entirely on Social Security benefits for income, according to the recent analysis of households …
Posted on 06/11/2012 by Candy Sagon | Personal Health and Well-being | Comments
Bulletin Today | Personal HealthWarm weather, as well as opportunities to stay active and maintain a healthy lifestyle, are the reason southern and southwestern cities dominated on Forbes’ new list of best places to retire in 2012. This year the magazine expanded the list from 16 cities to 25, located in 18 states. Reflecting what retirees say they want, the roster is heavier on warmer states like Florida, New Mexico, Texas and Arizona. Only about a half-dozen cities are located in chillier climates, including …
Posted on 06/7/2012 by Elizabeth Brown | Brooklyn, NY | Comments
News RoundupsA new survey conducted by Dutch insurance company AEGON shows retirement pessimism extends far beyond American borders. Participants from eight European countries and the United States showed similarly dismal views on their ability to save and plan for retirement securely. Only 15 percent of workers said they are confident they’re on the right track with retirement savings; 71 percent believe future generations will be worse-off in retirement than current retirees.
Posted on 05/31/2012 by Elizabeth Brown | Brooklyn, NY | Comments
News RoundupsHmmm … 401(k) plans can help you save money for retirement, but they many also cost you more than you realize. According to a new study from research firm Demos, the average American couple pay nearly $155,000 in 401(k) fees in the course of building up their proverbial nest egg; wealthier couples could pay nearly $278,000. These fees can reduce 401(k) savings by an average of 30 percent.
AARP is a nonprofit, nonpartisan organization that helps people 50 and older improve the quality of their lives.
