retirement

A significant number of Americans will live hand to mouth when retired

July 14, 2010 - 8:46am | Figures | News

No matter their income level, a significant number of U.S. workers are likely to struggle to meet basic expenses during retirement, a new study of baby boomers and "generation Xers" released on Tuesday shows.

Over 40 percent of people with the lowest incomes face prospects of depleted savings within 10 years after retirement, with that number climbing toward 60 percent after another decade, according to Washington-based Employee Benefit Research Institute (EBRI).

401(k) plan | Employee Benefit Research Institute | retirement | study

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FTC reports to Senate about its actions against crisis related scams

September 10, 2009 - 12:53pm | Fraud | News

The Federal Trade Commission was testifying before the U.S. Senate Committee on Homeland Security and Governmental Affairs that the agency is working to protect consumers from fraudulent schemes claiming to dispense guaranteed grants from the economic stimulus program, and from other frauds exploiting consumers who are struggling due to the economic downturn.

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Elder Americans spend more on credit cards

July 28, 2009 - 5:00am | Figures | News

Demos, a liberal public policy group, conducted s study that polled 1,205 low- and middle-income households, defined as those with 50% to 120% of local median income. The study showed that older Americans with financial difficulties are accumulating their credit card debt faster than other consumer groups as retirement portfolios are being cut down and medical costs are rising.

consumer spending | credit card debt | outstanding debt | retirement | revolving debt

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Hardworking and frequent saving guarantee comfortable retirement

June 17, 2009 - 9:19am | Analytics | News

To make one’s retirement safe and satisfying financial analysts recommend working as long as possible and drawing income from different sources which will accelerate one’s savings.

Those people in their 50s and 60s can also contribute to their retirements by possessing better positions, earning more money and having fewer expenses.

financial planner | mortgage | retirement | savings | Social Security

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How can UK pay national debt? Make Britons work until 70

May 7, 2009 - 8:00am | Figures | News

A report states that in case Britain's public debt is to be brought under control in the next decade, British will have to work until the age of 70. Along with the option of raising basic income tax to 37%, or a 10 per cent slash in public spending, the National Institute for Economic and Social Research (NIESR) has said upping the age for the state pension by five years could ease our national debt.

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How many U.S. workers will have good pension?

April 14, 2009 - 3:46am | Figures | News

The results of the survey by the nonpartisan Employee Benefit Research Institute showed only 13 percent of U.S. workers were very confident of having enough money to retire comfortably, the lowest since the start of the survey 19 years ago, according to the Associated Press.

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83% of Americans are anxious about their retirement

January 15, 2009 - 4:37am | Figures | News

83% of Americans are concerned about current economic conditions affecting their retirement. A national public opinion survey reveals widespread retirement insecurity among Americans. 71% of the polled said that they feel it is harder today to retire as compared to previous generations. The study entitled “Pensions & Retirement Security: A Roadmap for Policy Makers” was commissioned by the National Institute on Retirement Security and conducted by Mathew Greenwald & Associates, Inc.

401(k) plan | Pension | retirement

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Where's your bank account

November 4, 2008 - 12:27am | Articles | Markets

Have you heard the latest stories circulating about the deeply buried contents of the recent bailout bill in the US?

Larry Grossman, who is a leading expert on retirement plan management, and Managing Director of Sovereign International in Palm Harbor, Florida has written recently that everyone should move their retirement plans offshore as soon as possible to protect assets from what has been described as the newly endowed "federal agents" otherwise known as the US banking and investment industry.

asset protection | forex | offshore | retirement

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