If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Baby Boomers Start a Second Life
As more than 76 million baby boomers, that’s more than one-quarter of the US population, enter their 50’s and 60’s they are confronting the “r” word … retirement. But theirs is a generation [...]
A new study prepared by Ernst & Young reveals the percentage of middle-income Americans that will outlive their retirement savings and the major reduction in standard of living they will have to make to avoid outliving savings. The study provides national and state-by-state results. A telephone press briefing will be held to discuss the study’s [...]
The Federal Reserve Should Adopt Meaningful Rules
Americans 55 and over pay $4.5 billion in fees annually for overdraft loans they haven’t asked for and typically don’t want, a new study by the Center for Responsible Lending finds. Of that, nearly $1 billion is stripped from people heavily dependent on Social Security income.
The new report [...]
Typical Plan Is in Better Health than at Beginning of 2008
A rise in the equity markets combined with higher bond yields in May led to a gain of 3.2 percentage points in the funded status of the typical U.S. pension plan, according to BNY Mellon Asset Management. Higher yields on longer-term corporate bonds results in [...]
Wachovia Study Shows: More Than 50 Percent of Pre-Retirement Women “Frightened” of Stock Market
Wachovia’s fourth annual Retirement Survey shows that major gaps exist between men and women when it comes to planning for and living in retirement.
When it comes to the stock market, 54 percent of the pre-retirement women surveyed say they are “frightened” by [...]