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Americans Rip Up Retirement Plans
Keywords:
The civilian labor force participation rate for people over 60 years of age reached 29.4% in the U.S. in 2012, up from a little over 22% in 2002, according to the Labor Department. This reflects the slow growth in retirement savings with low interest rates and the economic shocks from the global financial crisis of 2008 to savings. A Conference Board report shows about two thirds of people between 45 and 60 years age are planning to delay retirement, up from 42% two years earlier.
U.S. civilian labor force participation rate for ages 60 years and over reaches 30% in 2012
05/05/2012
29.4% of the people over 60 years were in the civilian labor force in 2012, up from 22% in 2002, according to the Labor Dept. This reflects the blow to savings from the economic crisis of 2008.
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Job Growth Eases Fears About Effect of Closing
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The incredible shrinking labor force - The Washington Post
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Takeaways From the Monthly Jobs Report
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Wall Street Journal 05/05/2014
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Labor-Market Dropouts Stay on the Sidelines
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Good practices for Americans approaching retirement in today's environment
02/19/2011
Vanguard Group says the current median contributions to 401 (K) and savings accounts in 9%, including an employer contribution of 3%. This is too low and Vanguard is recommending a 12-15% annual contribution.
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Big 401(k) Mistakes … and How You Can Avoid Them
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Burton G. Malkiel: You're Paying Too Much for Investment Help
Wall Street Journal 05/28/2013
Why Many Retirees Could Outlive a $1 Million Nest Egg
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Suddenly, Retiree Nest Eggs Look More Fragile
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Vanguard Takes Fund Crown From Pimco
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Krauthammer on Social Security and three practical steps to fix it
09/16/2011
Krauthammer says Social Security is a Ponzi scheme when we look at the definition of Ponzi schemes. The definition says in a Ponzi scheme the payments of people joining now are paid out to people who joined earlier, leaving little for future payments. This is happening to Social Security. In 1940, after Roosevelt signed it into law, the life expectancy was 62 and the retirement age was set at 65, there were 160 workers to support one retired person. Today life expectancy is closer to 80 and there are 2 workers to support one retired person. Well don't just say its a Ponzi scheme, exercize common sense and update Social Security for these facts, Krauthammer tells U.S. presidential candidates. Updating for the facts today means raising the retirement age, adjusting cost of living measures, and means testing the rich for benefits.
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A Ponzi scheme that should be fixed - The Washington Post
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Mr. Biden falls flat - The Washington Post
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Robert Samuelson: Ryan’s budget asks nothing of the elderly -; unfortunately - The Washington Post
Washington Post 08/16/2012
Americans Rip Up Retirement Plans
Wall Street Journal 02/01/2013
Questions America asks it financial leaders in the light of the cratering going on in the world of finance and ordinary American's retirement savings.
01/28/2008
As a large part of 401 K's disappear and retirement savings are hurt badly Americans are asking questions of public servants and leaders in finance.
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Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
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Paulson’s Deal-Making Revives Treasury’s Relevance
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Paulson Drove Plan to Shore Up Fannie Mae, Freddie Mac
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Taking Hard New Look at a Greenspan Legacy
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Saving for Retirement in the U.S.
03/30/2010
The difficult situation of seniors earning little interest on their savings.
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Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
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Low Interest Rates Are Squeezing Seniors
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Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
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The Case for Dividend Funds in Retirement
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The Five Big Lies of Retirement Planning
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Retirement 101: Saving for Retirement
02/19/2011
Basic things one should know about saving for retirement.
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Why Many Retirees Could Outlive a $1 Million Nest Egg
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Suddenly, Retiree Nest Eggs Look More Fragile
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The Case for Dividend Funds in Retirement
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The Five Big Lies of Retirement Planning
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Five Big Investments You Don't Know You Have
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Aging, Retirement and 401(K)'s in America- 2010-2016
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The situation confronting the baby boom generation as it retires in the U.S. The stock market boom-bust cycles of 2000-2002 and 2006-2008 have hurt the 401(K) retirement accounts of most Americans. High unemployment and the housing crisis with many home owners under water has only worsened the situation. The difficult situation for seniors earning little interest on their savings. The problem of outliving ones savings for seniors with their money invested in bonds in a low interest rate environment. The median savings of Americans of close to $10,000 with only 10% of Americans having saved about $1 million by age 65. Longevity today means Americans are likely to live to age 85.
Grouped Articles
Big 401(k) Mistakes … and How You Can Avoid Them
Wall Street Journal 04/13/2013
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
An About-Face for the Stock Market’s 5-Year Return
New York Times 02/15/2014
Incomes, and labor force participation rates in the U.S. for seniors over age 75
03/30/2010
The changing situation for Americans of retirement age.
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Wall Street Journal 09/14/2011
Why Many Retirees Could Outlive a $1 Million Nest Egg
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Low Interest Rates Are Squeezing Seniors
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Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Wall Street Journal 08/12/2014
Large income losses for people ages 55-64 and nearing retirement in the U.S.
05/27/2010
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Wall Street Journal 09/14/2011
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
The Case for Dividend Funds in Retirement
Wall Street Journal 04/15/2014
Hiring Booms, but Soft Wages Linger
Wall Street Journal 01/10/2015
Retirement Mistakes to Avoid
02/19/2011
The lower savings levels in the U.S. as workers approach retirement and mistakes to avoid.
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Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Coping When Not Entering Retirement Together
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The Case for Dividend Funds in Retirement
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The Five Big Lies of Retirement Planning
Unknown 04/17/2014
10 Scariest Money Mistakes—Don't Be Tricked!
Unknown 04/17/2014
Five Big Investments You Don't Know You Have
Wall Street Journal 05/12/2014
Savings habits of younger Americans after the economic crisis of 2008-2009
02/05/2008
For many the experiences of parents postponing retirement because of low savings, or facing unemployment and foreclosure, are leading to debt reduction and lower credit card use. Younger workers in the U.S. in 2012-2013 are also contributing more to 401 (K) plans. Vanguard says the median annual contribution to 401 (K) and retirement savings accounts is 9%, including a 3% employer contribution. Vanguard says this is too low and is recommending Americans contribute annually 12-15%.
Grouped Articles
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
Wanted: Jobs for the New 'Lost' Generation
Wall Street Journal 09/14/2013
Wall Street Journal 03/05/2012
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
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