The 80% Assumption, Maybe Not

Submitted on Sun, 07/28/2013 - 8:50 am

Planning for retirement is usually over-simplified and full of bad assumptions, like this one: "Assume you will need 70%-80% of what you earned pre-retirement." Well you won't be sending your children through college and maybe you will have your mortgage paid off. And you won't have commuting costs, or still be trying to save for retirement. But on the other hand you will have much higher medical expenses, you may be sending your grandchildren through college, you may be providing financial assistance to your children or your parents.

A crisis for the very old: They're outliving their assets

Submitted on Sun, 07/28/2013 - 8:27 am
latimes.com

Economist James Poterba of MIT put it all together with colleagues at Dartmouth and Harvard's Kennedy School and estimated that about 46% of Americans die with less than $10,000 in assets, many of them lacking even home equity and relying almost entirely on Social Security. The results can be measured in more than merely dollars and cents. Poterba's paper found that this group is "disproportionately in poor health," in part because they have no resources to cover medical expenses outside Medicare.

Doing Good is Good for You

Submitted on Sun, 07/21/2013 - 8:12 am
United Health

The study reveals that U.S. adults who volunteer report that they feel better, both physically and emotionally than adults who do not volunteer. Volunteers are more likely than non-volunteers to socialize and they do so more frequently. Most tell us that they have developed new friendships as a result of volunteering.

Understanding Early Withdrawals from Retirement Accounts

Submitted on Sun, 07/21/2013 - 7:50 am
Urban.org

One reason many people are financially unprepared for retirement is that they tap into their retirement savings before they retire. They tap it when they lose their jobs, or at the onset of poor health, or to pay for a new home. A large percentage cash out retirement savings when they change jobs instead of rolling it over.

Later retirement helps prevent dementia, French study finds

Submitted on Sun, 07/21/2013 - 6:45 am
theTelegraph

It's by far the largest study to look at this, and researchers say the conclusion makes sense. Working tends to keep people physically active, socially connected and mentally challenged - all things known to help prevent mental decline. "For each additional year of work, the risk of getting dementia is reduced by 3.2 per cent," said Carole Dufouil, a scientist at INSERM, the French government's health research agency.

How to tame health care costs when you retire

Submitted on Sun, 07/14/2013 - 9:27 am
Fidelity.com

Most of us look forward to retirement as a time to shift gears, worry less, and enjoy a slower pace of life. But that rosy picture can quickly change and include some sticker shock as retirement nears, especially when it comes to paying for health care. A couple retiring in 2013 is expected to need $220,000 to cover health care cost in retirement.

How To Break Into a Young Industry

Submitted on Sun, 07/14/2013 - 9:05 am
Work Reimagined

If you’re an experienced professional hoping to enter (or stay in) a youth-centric industry, here's how. Be youthful when it counts. Go ahead and play the age card.

Breaking into a youth-centric company, industry or market is neither simple nor straightforward. You have to acknowledge what the emphasis on youth signifies and raise that part of your game. You have to play your experience card too, because that also gives you value. And you have to keep plugging away and expanding your connections because your point of entry will not be obvious.

"I'm Not Bored Yet"

Submitted on Sun, 07/14/2013 - 8:12 am

I recently asked a retired friend how he liked retirement, and he said "I'm not bored yet". I thought that was such an odd way to put it. But after talking to others that have been retired a while it seems to be a recurring theme. There is a lot of time to fill and many people seem to be having trouble keeping busy.