Americans saving for retirement aren’t letting the current tough economy deter them from saving more. That’s the conclusion of new survey research released today by Fidelity Investments. The survey shows that, among current Individual Retirement Account owners, 60 percent have contributed to their IRAs for 2007 or plan to do so. And 32 percent [...] [...more]
Money can’t buy me love, wrote Lennon and McCartney. But loving couples could be doing a better job managing their money. So concludes a new study of couples’ financial management styles-and how they can get the best retirement planning outcomes. Released on Valentine’s Day, the study from Hartford Financial Services Group and the MIT AgeLab study [...] [...more]
Research by Ariel Mutual Funds and Charles Schwab shows a sizable gap in participation by African-Americans in wealth-building for retirement. Ariel President Mellody Hobson writes this week at Huffington Post about what she calls a “looming retirement crisis” in the African-American community: After struggling so long to join the middle class and fulfill the American dream, [...] [...more]
The oldest baby boomer turned 62 this month and promptly signed up for Social Security. But it probably wasn’t a very smart financial move. Dozens of news stories ran when Kathleen Casey-Kirschling—America’s oldest baby boomer!—-applied on January 1st to start receiving her monthly check. That’s what about half of all Americans do at 62. But for [...] [...more]
As baby boomers start to retire in greater numbers, companies with large staffs of scientists and engineers are getting worried. That’s because there aren’t enough replacements coming up behind them. So, the boomer-driven brain drain you hear so much about about is especially acute in the R&D arena. Several thousand of these retirees are finding [...] [...more]
RetirementRevised.com is the companion website of Retire Smart, a column written by Mark Miller that appears in more than 30 newspapers each week. For millions of Baby Boomers, retirement is an opportunity for reinvention, rather than taking it easy. Mark is helping write the playbook for the new career and personal pursuits of a generation.
