retirement savings

Parents, Get Your Financial Life in Order. Then Talk to Your Kids.

Posted on 04/1/2013 by Carole Fleck | Money and Work | Comments

Bulletin Today | Money & SavingsA new survey that questions whether parents talk to their school-age kids about money reveals some startling results — namely, that nearly one in five parents expect to lean on their children for financial help in their retirement years. The Parents, Kids & Money Survey by investment firm T. Rowe Price was designed in part to find out whether parents talk to their elementary- and high school-age kids about saving and spending, and just how in-depth they go in guiding their children …

Parents Build Wealth, Adult Kids Stagnate

Posted on 03/19/2013 by Carole Fleck | Money and Work | Comments

Bulletin Today | Money & SavingsYou always want your kids to do better than you financially, but new research suggests their future may not be as fiscally bright. A widening gap is emerging between those over and under the age of 40 when it comes to saving money, owning a home, curbing debt and building a retirement nest egg. Those under age 40 have stagnated while their parents’ generation has accumulated wealth, according to research from the nonprofit Urban Institute. Average household net worth nearly doubled …

U.S. Ranks 19th In Retirement Living

Posted on 03/11/2013 by Carole Fleck | Money and Work | Comments

Bulletin Today | Money & Savings | Your LifeThinking about retiring soon? You may wish you lived in any one of 18 other countries since they offer better safety nets for retirees than the United States, according to a new retirement index. Norway, Switzerland, Luxembourg, Sweden and Austria rounded out the top five locations for living comfortably in retirement. Even the Czech Republic, Slovakia and Israel scored higher. According to the index, which measured financial well-being, health and other factors that contribute to retirement security, the United States …

Study Offers Snapshot of Workers’ Savings

Posted on 03/7/2013 by Carole Fleck | Money and Work | Comments

Bulletin Today | WorkYet another study suggests that it’s disturbing how older workers are saving for retirement. Of some 2.5 million workers in 401(k) plans, 62 percent of people 50-plus (slightly less than two in three) are contributing to their retirement accounts, according to a new study by Bank of America Merrill Lynch. About one in 10 ten have taken loans against their plans. Interestingly, the participation rate among older workers varies by industry. For example, only 40 percent of workers 50-plus in …

NYC Teachers’ Pension Fund Divests From Gun Makers

Posted on 02/15/2013 by Associated Press | General News | Comments

Bulletin Today | Money & Savings | WorkFrom The Associated Press NEW YORK (AP) — The $46.6 billion pension fund for New York City schoolteachers has sold its stock in companies that make guns and ammunition, city officials announced Friday. City Comptroller John Liu said the Dec. 14 school shooting at Sandy Hook Elementary School in Newtown, Conn., prompted the fund’s board of trustees to review the system’s investments in the gun industry. He said the board concluded that divestment would be consistent with the fund’s fiduciary …

Ready, Set, Retire. Or Not.

Posted on 02/8/2013 by Carole Fleck | Money and Work | Comments

Bulletin Today | WorkHow can we be brave enough to retire when our nest eggs aren’t moving in the right direction fast enough? Many of us older workers are still smarting from financial crisis and the toll it took on our net worth. We watched our retirement savings fall and start to inch their way back. But we’ve also been told, time and again by financial experts, that we need to stay on the job longer to save as much as we can so …