You can’t sum up the retirement anxiety most Americans are feeling better than USA Today’s Matt Krantz, who writes, “For many Americans, the golden years are quickly taking on a tin-like hue.” The decline of the traditional retirement instruments such as pensions, combined with a decade of poor stock performances and a still-depressed housing market, have [...]
Most of us don’t need to be told that the last few years have been hard on most near-retirees’ financial assets, but a recent poll commissioned by has brought the news into even sharper focus. TIME reports the survey found “that those over age 55 and who had been in the workforce within the past [...]
Although it’s been a few years since the start of the economic recession, baby boomers, particularly those closest to retirement, are still feeling the effects. A recent Government Accountability Office report found baby boomers were hit hardest by the recession because they did not have the same time and opportunities as younger workers to recover. [...]
In a new segment, The Retirement Reality, talks with everyday baby boomers about their personal retirement reality. In this segment, Paula Lee, a 60 year old woman, approaching retirement, shares her retirement planning experience and talks about what she hopes to pass on to younger generations. The Retirement Reality (TRR): How old were you when [...]
As we have reported many times before, delaying retirement is the new norm for many older Americans. Let’s take a look at some of the recent stories in the news and see what is forcing workers to stay on the job and continue saving. The Huffington Post featured a piece discussing the need to put [...]
When you say “retirement savings,” to many working Americans, it’s no surprise that 401(k) plans come to mind first. We all know that plenty of Americans put money into their 401(k) accounts each month, thinking that by doing so they are adequately saving for retirement. But, as Reuters recently summarized, with the recession, market crashes, [...]
The retirement of Apple, Inc. CEO Steve Jobs came as a surprise to many this week. Countless Americans expressed concerns over the future of the company, but one concern that wasn’t on anyone’s mind: how Jobs will pay for his retirement. It’s easy for someone in such a powerful position to retire without a care [...]
Yesterday, across the East Coast, Americans felt the shock of a 5.9 magnitude earthquake. People were frantic, buildings were evacuated and the West Coast endlessly mocked the East Coast. But the earthquake isn’t the only thing causing shakiness amongst Americans – financial insecurity is also causing some tremors and panic amongst families from coast to [...]
The reasons vary – the 2008 collapse of the stock market, caring for an ailing parent, the bad housing market – but more and more the result is the same: Americans are delaying retirement. In fact, the Wall Street Journal reports, “more than three in five U.S. workers in their 50s and 60s plan on [...]
Given our nation’s turbulent economic situation, how are Americans ensuring the money they’ve saved will last? As NPR’s Kathy Lohr reports, some are working longer, seeking part-time jobs and even retiring to other countries where the cost of living is cheaper. She cites a recent AARP survey of 5,000 Americans who are 50 or older, [...]
