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February 22, 2012 at 11:00 PM
Every day the editors and reporters of LifeHealthPro share stories from around the web that they’re reading. You can keep up with what we’re reading on our Editor Picks page or by subscribing to our daily newsletter, where our daily picks are also featured.
Below is a list of our favorite stories from the past week. We hope you enjoy them. If you have any stories you’d like to share, please list them in the comments section below, and we’ll share your picks with other readers through LifeHealthPro’s Twitter page.
Feds’ 401(k) Annuity Proposals: Baby Steps (CFO)
Proposed new rules aimed at giving 401(k) plan participants more options to invest in annuities providing a guaranteed lifetime income stream may prompt some plan sponsors to offer such investments. But the proposals don’t go nearly far enough to persuade a majority to do so, experts say. Read more
The Future of High-Tech Health Care — and the Challenge (New York Times)
I.B.M.’s Watson question-answering computer is being morphed into a doctors’ smart assistant — and could dramatically reduce health care costs. Read more
If You Plan to Make It to 100, Plan Very Well (Wall Street Journal)
To prepare for just four additional years of life span over current projections, someone who’s 50 years old now would need an additional $160,000 in retirement savings to maintain a modest lifestyle, experts say. Read more
What the 2.4-Cent Penny Says About America’s Budget Problem (Good)
It turns out that the humble penny is a pricey coin. Specifically, each new penny coined by the government costs 2.4 cents. Read more
Hazard of the Trade: Bankers’ Health (Wall Street Journal)
Add investment banking to the list of things that could be dangerous to your health. Read more
Race and Retirement: Who’s Saving the Most, Least? (Forbes)
A new study examines how cultural environment can affect one’s financial situation and behavior. Read more
What Retirement? Seniors are Getting Back to Work (NPR)
At 75, many people imagine they’ll be retired and spending their time playing cards or on a golf course. According to the Bureau of Labor Statistics, that’s just not true. Read more
