According to Businessweek, the Age of Retirement is “over.” The magazine summed up its stark “vision” of our later years in four words: “Forget retirement. Keep working.” For many older workers there is simply no other choice than to continue working in their later years. According to the Employee Benefit Research Institute (EBRI), half of […]
Tag Archives | Retirement
Financial Stress Cutting Into Sleep Time
Money matters are still keeping a lot of us up at night, but a new survey from Harris Interactive and Principal Financial Group also contained a few slivers of positive news. As reported by U.S. News & World Report, inflation is the top concern among retirees, keeping nearly 40 percent from getting a good night’s […]
Putting Off Retirement
People’s lack of savings plus the recession has left an increasing number of people realizing they may need to work longer than expected. Understanding that such news may not sound pleasant, a Mainstreet article noted that you don’t have to sign on for an extra 10 to 20 years in order to afford retirement; another […]
New Retirement Realities
Our economy has left very few people feeling confident about retirement. Just 13 percent of current workers say they are “very confident” about having enough money to live comfortably throughout their retirement years, according to the latest annual retirement study from the Employee Benefit Research Institute (EBRI). That’s the lowest level since the organization began […]
Controlling What We Can Control
Eight in ten Americans feel stressed about money, according to a survey by the American Psychological Association. Nearly 60 percent of respondents say they are concerned about job stability, while 50 percent say they are increasingly concerned about their ability to provide for their family’s basic needs. How are people responding to the stress brought […]
Making Sure Your Money Is Safe
The news of the past couple of weeks has been unsettling for many people, with Lehman Brothers filing for bankruptcy, Merrill Lynch being sold, and AIG getting a government bailout. Even if you don’t have money in these institutions it can make you wonder how safe your money is. In the midst of all the […]
Your Number
Financial services company ING is heavily promoting a new interactive web site designed to help you figure out “your number” – that is, how much money you’ll need to have saved by the time you retire. I took it for a test ride, and while it gets high marks for user friendliness, it doesn’t help […]
Savings Momentum
A hot topic among “consumer behavior” researchers is “shopping momentum.” The idea is that once a shopper makes a purchase they cross an important threshold making it much more likely that they’ll make other purchases on the same trip. While marketers work at spurring faster first purchases, I wonder if the same concept might apply […]