Archive for the 'Investment' Category

Financial Wellness for Retirement

40-52% of workers are delaying their retirement.

70 is the “new 65,” according to Sun Life Financial. Their Unretirement Index, along with Towers Watson’s 2010 Global Workforce Study, show that 40-52% of Americans will delay their retirement due to ill financial health.

Towers Watson found 68% of those workers will continue working in order to keep their health care coverage, while 61% cited their lacking 401(k) plans as the reason for staying. Sun Life found that only 25% are “very confident” they will be able to cover medical expenses in retirement.

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Published by Sophie Asmar on November 30, 2010

Rethinking the 401(k) Pitch

For nearly 30 years, employees have been coached that the best way to save for retirement is to take advantage of tax deferred investing, most prominently through their 401(k) plans. This strategy has always been anchored in the hope that lower tax brackets await us during our retirement years. But current economic realities are causing many in the financial community to question whether tax deferred saving remains a healthy long term strategy for employees.

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Published by JS Wolff on September 14, 2009

A Personal Stimulus Package – Sanity and Financial Health

They are telling us that, after months of horrendous news, hints of a return to economic stability created sustained euphoria during last week’s market run-up. The word sustained is used loosely here…it means more than one day. Some large and previously battered financial companies, namely Citibank, Bank of America, and JPMorgan Chase reported that were profitable during the first two months of the year. And, investors all over the globe, who are still licking their wounds after being pummeled by the same market that ruthlessly hacked their personal wealth, now want to quickly make up their losses by getting back on the same airplane that essentially crashed in stormy weather.

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Published by JS Wolff on March 16, 2009