Press

(USA Today) Retirement is becoming a more distant dream for a rising number of older Americans, largely because they need the money but also because they are healthy enough to keep working. The share of Americans 65 and older in the labor force went from 12.1% in 1990 to 16.1% in 2010, and the increase…
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(US News) It’s hard to save money. It takes discipline, foresight, and self-sacrifice. Plus, it helps if you take home a nice big paycheck, which most of us don’t have the luxury of doing. By the time you’ve paid your mortgage and utility bills, your taxes and credit card bill, and bought some gas and…
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(Street Authority) We are supposed to look forward to our golden years, right? Do a little traveling, play with the grandkids, host dominoes nights. Yet, increasingly, this isn’t what some Americans are experiencing. What’s going on? In American society, our expectations have risen over the decades. We expect to command enough money to live as…
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(MoneyWatch) Large U.S. employers continue to eliminate traditional pension plans that pay retired workers a monthly lifetime pension in favor of defined contribution and hybrid plans that offer lump-sum payments at retirement, according to a recent survey HR consulting firm Towers Watson. Among Fortune 1000 companies, only 11 percent still offer a traditional pension plan to…
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(Investopedia) The main goal of a successful retirement program is to ensure you will have sufficient financial resources to maintain or improve your lifestyle during your retirement years. If you want to travel and make more purchases in retirement, you will have to save more. How much you want to save will depend on how…
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(New York Times) You’re 65 years old, and it’s hard to imagine you ever hoped that by now you’d be playing canasta year-round in Fort Lauderdale or hitting the links twice a week in Tucson. You’re a boomer, man. Still, you may have daydreamed about spending your days following Hot Tuna on tour, or doing…
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(Forbes) As baby boomers inch toward retirement, they increasingly want to know what The Number is – meaning how much they need to retire in comfort and security. One of the best minds on this topic, and many other personal finance issues, is advisor Ray Ferrara, head of ProVise Management Group in Clearwater, Fla. His take on…
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(New York Times) When you think of California as a trendsetter, retirement policy is probably not the first thing that comes to mind, but that may soon change. A bill recently passed by the California Legislature creates the foundation for a savings plan to cover the state’s 6.3 million private-sector employees who have no retirement coverage at…
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(Wall Street Journal) Danny Sullivan dreams of gardening and spending time with his grandchildren, but that’s just a fantasy. Retirement is out of his reach, at least for the foreseeable future. The weak economy has been tough for small-business owners across the board, but for millions of entrepreneurs in their 60s and 70s, the consequences…
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(MSN Money) Perhaps you have saved little or neglected your 401k. A comfortable retirement might still be within reach. Here’s what to do. Some Americans may be better prepared for retirement than they realize. About 56% of baby boomers and Generation X (people now between about ages 38 and 65) are saving enough to cover…
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