PASADENA JOURNAL — Retirement isn’t cheap. You may have heard that you will need 70 percent to 80 percent of your pre-retirement income, but the real figure might even be higher, depending on your circumstances. […read more]
If you’re ready to financially prosper, join us for a multi-part financial series, Prepare To Prosper. In each article, we’ll discuss different ways to help increase your personal wealth including tips on saving, investing and credit along with guidance on entrepreneurship and homeownership. […read more]
If you’re ready to financially prosper, join us for a multi-part financial series, Prepare To Prosper. In each article, we’ll discuss different ways to help increase your personal wealth including tips on saving, investing and credit along with guidance on entrepreneurship and homeownership. […read more]
(CBS News) – Many workers, including those nearing retirement age, say they’re not saving enough to retire comfortably. Those concerns were illuminated in the recently released 2015 Retirement Confidence Survey by the Employee Benefit Research Institute and Greenwald & Associates. Of 1,003 workers surveyed, more Read More
Carolyn Bigda, PARADISE POST (Paradise Post) — With Social Security celebrating its 80th anniversary, now might be a good time to review the benefits you can expect — even if you’re skeptical about ever getting those benefits. A new survey by the Transamerica Center Read More
(CBS News) – The “I’m outta here” retirement, where you triumphantly wave goodbye to your full-time career and never again work for money, is more the exception than the rule these days. That’s one conclusion from a report on retirement patterns that offers evidence American workers are redefining Read More
Niraj Chokshi, THE WASHINGTON POST (The Washington Post) — The state pension shortfall is closing in on $1 trillion, according to new Pew Charitable Trusts research. The gap between the benefits promised and funding available to state retirement systems rose by about 6 percent Read More
(NBC News) – How bad is America doing when it comes to retirement savings? The Government Accountability Office looked into the question, and its answer is sobering. A new GAO analysis finds that among households with members aged 55 or older, nearly 29 percent have neither Read More
Hadley Malcolm, USA TODAY (USA Today) — Retirees are bringing unprecedented levels of student loan debt into their later years, according to a new report that shows Baby Boomers may be woefully unprepared for retirement. The result of helping their kids or grandkids pay Read More
(USA Today) – It may be time to redefine retirement. A new survey of American workers from the Transamerica Center for Retirement Studies found that 82% of the respondents age 60 and older either are, or expect to keep working past the age of 65. Read More
(Black Enterprise) – Social Security along with America Saves, the American Savings Education Council, and the Women’s Institute for a Secure Retirement recently launched the “Campaign for a Secure Retirement: Helping Millions of Americans Plan and Save for Retirement.” The campaign, which runs through Read More
Jim Kuhnhenn, ASSOCIATED PRESS WASHINGTON (AP) — The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts. The change would Read More
(USA Today) – George Fraser has had a hugely successful life. At 70, the former corporate executive is a successful author and speaker, traveling 200 days out of the year and logging 250,000 air miles. And he has absolutely no intention of retiring. “I Read More
(USA Today) – The transition to retirement isn’t always easy, especially the emotional adjustments, a new survey of retired Baby Boomers shows. About two-thirds (69%) say they had challenges adapting to this change in their lives, according to a survey of 1,000 people, ages Read More
(Reuters) – There are plenty of lists proclaiming “The Best Places to Retire.” But finding the place that really suits you ultimately depends on what matters most. Do you crave warm weather? Do you want to live among other retirees? Are you looking for Read More
By Charlene Crowell NNPA Columnist For succeeding generations, retirement has been the time when older Americans reaped the benefits of their years in the workplace. Oftentimes at ceremonies, workers would receive a gold watch – a symbol of their entry into retirement and an era Read More
By Harry C. Alford NNPA Columnist Planning for retirement requires strong discipline, flexibility and constant awareness. Most African Americans do little thinking about it. Those who do have retirement accounts get it through their employers. As Malcolm X once said, “The eagle flies on Friday Read More
(USA Today) – Retirement has become a foreign concept for a growing number of Americans. According to a recent survey commissioned by the Federal Reserve, more than half of respondents aged 60 years or older said they plan to work in retirement. Meanwhile, a Read More
(USA Today) – The majority of Generation X workers believe they’ll need to save a million bucks or more for retirement, and almost a third think they’ll need more than $2 million. But so far they only have about $70,000 in retirement savings for Read More
(PNJ.com) – If you want to do retirement right, you’ll need a checklist. But what tasks should be on your pre-retirement checklist? Here’s what experts had to say. Are you sure you want to retire? First, revisit your retirement date. “For some, making a decision to Read More
By James Clingman NNPA Columnist We are at a critical stage in the economy when “more than one-third of workers (36%) have a measly $1,000 saved for their later years,” according to a study by the Employee Benefit Research Institute. “Compare that to the Read More
[Forbes] Workers are more confident about retirement preparedness but they’re not any better prepared, according to the 2014 Retirement Confidence Survey released today by the Employee Benefits Research Institute. “This increased level of confidence does not appear to be founded on improved retirement preparations,” the report found. “In the Read More
Small-Business Cash Flow, Hiring Up as Economy Improves; Retirement Concerns Persist Special to the NNPA from The Washington Informer Small-business owners are the most optimistic they have been in five years, according to the latest Wells Fargo/Gallup Small Business Index, and expect their businesses to Read More
by Jazelle Hunt NNPA Washington Correspondent WASHINGTON (NNPA) – Seventy-five million working Americans do not have a retirement plan, and half of all Americans have less than $10,000 in savings, according to a report by the Senate Health, Education, Labor and Pension (HELP) Committee. It’s Read More
By Jazelle Hunt NNPA Washington Correspondent WASHINGTON (NNPA) – More than three-fifths of Black working-age households – 62 percent – have no assets in a retirement account, according to a new study by the National Institute of Retirement Security (NIRS). Working-age households contain residents 25 Read More
My Retirement PlanSM Available to the Public on WellsFargo.com Online Savings Tool Provides a Tailored Realistic Savings Goal CHARLOTTE, NC, August 19, 2013 –Wells Fargo today announced that My Retirement PlanSM, an online savings tool, is now available to the general public on wellsfargo.com. My Retirement Plan can be accessed by customers and Read More
[LOS ANGELES TIMES] It’s the new retirement: More than four in 10 Americans think they’ll have to work into their 70s or 80s because they can’t afford to retire, according to a new survey. One in 10 people expects to toil into their 80s, while Read More
By Maya Rhodan NNPA Washington Correspondent WASHINGTON (NNPA) – When Stephen Compton graduated from Grambling State University in 2006, his goal was to begin his career working for the NFL and move up their corporate ladder. However, just six years later he has another goal Read More
Get Your Retirement Back on Track, by Planning in Stages Provided courtesy of Jeff Cosby, Wells Fargo Financial Advisor This article was written by Wells Fargo Advisors Given the volatility of the job market over the past few years, job loss and other unexpected career Read More
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