That $41 Trillion Wealth Transfer Now Officially $59 Trillion
The vaunted $41 trillion wealth transfer that is the subject of every advisor conference has been freshly updated: It has now reached $59 trillion.
Why Are So Many Boomers Working Longer?
New research and old confirm that better educated workers are working into ages once considered “old.” But why? And are they crowding out younger workers?
Companies Squeeze 401(k)s From Facebook to JPMorgan
Employers are holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules.
Rising Debt Keeps Older Americans Working Longer
Working off their debts, 62- to 69-year-olds are delaying Social Security claims, new Boston College research says.
Should Americans Be Required to Save for Retirement?
“Everybody’s a rugged individualist,” said Anthony Webb, an economist at the Center for Retirement Research at Boston College, “until things go wrong.”
Is Education Bad for Younger Workers?
Higher levels of education attained by older workers are keeping them in the workforce longer, crowding out younger workers looking for jobs.
Could American Donors Be More Generous?
Americans give more to charity as a percentage of GDP than their counterparts in many other major industrial countries, but advocates would like to push this rate higher.
Ex-NHL Player, Now HighTower Advisor, Scores Big With Pros
A professional athlete that’s really good with money—it’s a rare find, but the need is critical.
Alicia Munnell: Ban Actively Managed Funds From 401(k)s, IRAs
Why is it that every current wirehouse advisor says they’re completely open-architecture, while every former wirehouse advisor says they faced pressure to sell proprietary products?
Downsizing Your Home: Is It Worth It?
Boomers who intend to move into a smaller home to lower their cost of living probably won’t save much money doing so, according to a report by the personal finance website GoBankingRates.com.