In today’s economy, it appears as if retirement has become a long forgotten concept, a desire to spend your winter years doing what you please, spending the fruits of your labor and completing a bucket list. For today’s Baby Boomers, however, they’re getting “sandwiched” and can’t … [Read more...]
Post-retirement finances need to be discussed between parents, kids: experts
A swarm of Baby Boomers are on the verge of exiting the labor force and hitting retirement. Although the financial collapse hurt millions of overburdened Baby Boomers, many are still expected to retire and do what they want in their free time. However, there doesn't seem to be any … [Read more...]
Research shows U.S. pensions will be ‘cash negative’ by 2016
For decades, the United States was the beacon for retirement pension plans, whether they were at the public or private level. Workers and retirees would be content that the money they invested in the system would be there for their retirement years and each person would receive a … [Read more...]
Study discovers one-quarter of Americans saving nothing for retirement
The Great Recession, a crisis in the labor market and the rising cost of living are often some of the reasons why a significant number of Americans fail to save enough for a rainy day or for their retirement. According to Country Financial’s new Financial Security Index, … [Read more...]
Growing number of Americans think their standard of living will diminish in retirement
Since the Great Recession, older American workers’ savings, investment and retirement accounts were seriously depleted as they became worthless and households had to dip into these funds to cover their bills. What about younger Americans and their retirement in the next few decades? … [Read more...]
Survey says: Americans are not saving for retirement
How do you imagine your retirement? Relaxation or hectic? Calm or anxious? Throughout previous generations it was thought that years in retirement were supposed to be filled with sleeping in, traveling the world, participating in scuba diving classes and spending time with your … [Read more...]