Showing posts with label MO. Show all posts
Showing posts with label MO. Show all posts

Friday Top Five: Retirement Related News for 9/4/2015

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From BenefitsPro: Lack of savings stresses workers

People aren’t feeling good about where they are financially.

Obligations weigh them down—daily living expenses, the high cost of health care, the potential for job loss or some other catastrophe—and they don’t even have a secure retirement to look forward to, now that pensions are largely a thing of the past.

From The Motley Fool: What Is a Pension? Is It All You'll Need to Retire?

What is a pension? Simple question and a slightly more complex answer than you may think. When most people think about pensions, they imagine someone who spent 30 years working at the factory, then getting a gold watch and a monthly check when he or she retires. And while that may be true for some people (except for the gold watch nowadays), pension benefits are a little more than that.

As a matter of fact, plenty of people who receive pensions will only get a small benefit and it may come from a company the worker left years and years ago. Let's take a closer look at pensions, what they are, and how the benefits work.

From Chicago Tribune: Retirement: Retire to a small city

COLUMBIA, MO. Median home price: $112,000

Columbia, Mo., has three institutions of higher learning within its boundaries. That means lots of bookstores, restaurants, indie films and other amenities that keep both college students and full-time residents entertained and informed. The Osher Lifelong Learning Institute at the University of Missouri -- a university-based, noncredit program for adults 50 and older -- offers courses on everything from Missouri's role in the Civil War to how to use your iPad. Columbia's hospitals are top-rated and offer rehab facilities as well as geriatric and other specialty services.

From Forbes: How A Terrible Saver Grew Her Cash Stash

Jaime Smith had drifted into her 40s and realized she had absolutely no savings. The Seattle-based project coordinator for a health insurance company saw that her industry was going through some turbulence and wondered if she should put some money away should she lose her job and fall behind on her condo payments.

Then she saw a chart make its way through social media, showing that if you put $1 away the first week, $2 the second, $3 the third, and so forth, you’d save $1,378 over the course of a year. Smith realized she could just stash $26.50 each week and get the same result, so she set up an automatic deduction, which funneled the money to a savings account that, in her mind, she couldn’t touch.

From PLANSPONSOR: Retirement Investors Should Plan for Rising Interest Rates

Equities would benefit in the short term, while fixed income investments would decrease in value. Asset managers and retirement plan advisers say they do not expect the Federal Reserve to raise the Federal Funds Rate from its current 25 basis points and that the uncertainty over when the Fed will raise rates will lead to continued volatility in both the fixed income and equities markets.

However, if the Fed were to raise rates, it would benefit equities in the short term, while fixed income investments would decrease in value.
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