9/18/2013 – One in 8 workers will never retire
A new global study finds nearly one in eight workers expect they will never be able to afford to retire fully. In the U.S. and U.K, the figures are even worse.
Read the full article at CNN.
A new global study finds nearly one in eight workers expect they will never be able to afford to retire fully. In the U.S. and U.K, the figures are even worse.
Read the full article at CNN.
Obamacare is coming soon to millions of Americans, with open enrollment in the program’s state-run exchanges starting in October and many of the significant features going live January 1. And while it remains controversial, there are some practical, financial and retirement planning reasons to welcome the new health care law.
Read the full article at CBS MoneyWatch.
Whether you’ve just thrown your graduation cap in the air or you’ve been building a career for a few years now, you’ve probably got more pressing financial concerns than saving for retirement. Like how you’ll make the rent and also eat. Or whether you’ll ever get out from under the crush of your student loans.
Read the full article at CNN Money.
Bohnne Jones had always dreamed of being an architect or interior designer. Suzie Ford wanted to know if the home-brewed beer her husband, Todd, made was as good as people said it was, while Jan Morris figured owning a distillery would be more fun than being a divorce lawyer.
They had three very different dreams, but these women had one thing in common: they all lost jobs and decided to use sizable retirement accounts to start their own businesses in very different fields. They did so by converting traditional 401(k) accounts into new retirement plans — known as “rollovers as business start-ups,” or ROBS — that they could invest in their companies.
Read the full article at The New York Times.
A recent study by Gary Burtless of the Brookings Institution has caused me to worry. Burtless explored the extent to which the increased educational attainment of older workers – both absolutely and relative to the attainment of prime-age workers – could explain their greater labor force participation.
Read the full article at MarketWatch.
Whether you’re a Baby Boomer or a Generation Xer or one of the youthful Millennial lot, preparing for retirement carries with it the unique obstacle of earning enough income in a period of record low interest rates and several volatile and traumatic moves up and down in stock prices.
Read the full article at MarketWatch.
NIH is among a cadre of employers going against prevailing trends by seeking out baby boomers. NIH and Scripps Health lead the list of best employers for workers over 50 compiled by the AARP, a Washington-based non-profit advocacy organization for people in this age group, and the Society for Human Resource Management of Alexandria, Virginia.
Read the full article at Bloomberg.
My 92-year-old mother died recently at home, surrounded by her three children, their spouses and two grandchildren. Her life and death provide profound life lessons that I want to share here and in my next post.
Read the full article at CBS Moneywatch.
As millions of baby boomers reach retirement age (and in many cases care for elderly parents), families and the retirement industry have reworked old lifestyle formats and created hybrids.
Read the full article at The New York Times.
“Many seniors are creating legacy businesses alongside a younger member of their family,” said Elizabeth Isele, co-founder of Senior Entrepreneurship Works, a nonprofit that helps workers over 50 start businesses. “It’s a winning formula for both generations.”