Much media and policy attention is devoted to enhancing Americans’ long-term financial security. For example, financial planners work hard to help people boost their savings for the long term. Many firms automatically enroll workers in pension plans, sometimes with company matches, to help their employees build up retirement assets. Also, government policy promotes saving for old age, including the important tax deferral provided to qualified retirement plans.…Read More
As a phased retiree for 15 years, I’ve come to several conclusions about how to remain engaged post-retirement. Many of us want some type of work but not full-time; others seek work as independent contractors: and still others, as volunteers. Here I offer several lessons from experience.…Read More
Every single day from now until 2030, about 10,000 Baby Boomers turn 65. While this doesn’t mean we become instantly feeble on our birthday, it does mean that we must start planning ahead for things that will be much more difficult to handle later. Unfortunately, too many of us avoid thinking about tomorrow, with potentially dangerous and certainly undesirable consequences.…Read More
Though many retirement savers will be pleased with their retirement plan 2017 investment results, the outlook for market returns over the next 10-15 years remains less than inspiring. J.P. Morgan Asset Management’s Anne Lester and Daniel Oldroyd discuss how to take steps towards a secure retirement in a low-return world.…Read More
Fintech innovators have the multi-trillion-dollar global retirement income market in their sights. An exciting example is the advent of blockchain-secured tontines as an alternative to traditional pensions and annuities.…Read More
Millennials – people born 1981-2001 – are a force to be reckoned with. Millennials, all 75 million of them, grew up in the midst of our country’s greatest financial crisis. The roles the Millennial generation now play – and will play – as consumers, workers, educators, and future leaders is what makes this group so interesting.…Read More
Now that I’m retired, I’m finding that my wife and I are engaging in different financial conversations with our advisors than we did earlier in life. I believe that this new perspective should drive how a successful advisor talks to us, as well as many other older couples and individuals.…Read More
Brokers, financial advice providers, and many others need to test peoples’ ability to manage their money. Nevertheless, there are some who debate such tests arguing that they aren’t useful for predicting behavior. But our work has confirmed that there actually IS a short and very effective diagnostic financial literacy test that can be used to measure financial know-how and predict behavior.…Read More
Some observers have recently suggested that multiemployer or industry pension plans in the U.S. have bounced back fully since the 2008 recession, and it’s time to break out the champagne. Not so fast!…Read More
Many Boomers currently in their 50s, 60s, and 70s confront crucial decisions about the next steps for their careers and post-career activities. Some seek new conventional job opportunities; others want a new active life that follows a different script; and yet others choose a traditional retirement path. While younger people often have well-established ideas about career planning, those of us in later life stages are often unclear about next steps.…Read More
