Posted by RJ & Makay on June 27, 2012
Baby boomer fathers are more likely to reach in to their wallets for their adult children, while baby boomer mothers are more likely to be open about the family finances. Ameriprise Financial conducted a survey of 1,600 baby boomers, their parents and the children that are over 18 years ...Read More »
Posted by RJ & Makay on April 30, 2012
Much has been written about financial planning for widows and widowers in the midst of their grief and the loss of a spouse’s income. But there is a scarcity of information for the bereaved as they move on to new relationships. For example, widows that remarry before the age ...Read More »
Posted by RJ & Makay on March 21, 2012
Hartford Financial Services Group (HIG) Inc’s plan to exit a large portion of its life insurance business has prompted a Standard & Poor’s (S&P) Rating Services downgrade of subsidiaries previously aggregated under Hartford Life, Standard & Poor’s announced today. The agency is assigning individual ratings and outlooks for ...Read More »
Posted by RJ & Makay on October 21, 2011
Fifty-five million retirees will receive a 3.6% cost-of-living (COLA) increase this January, the U.S. government announced yesterday. The COLA adjustment is the first since 2009 and will also apply to eight million Americans participating in the Supplemental Security Income program that aides the blind and disabled.
Inflation had ...Read More »
Posted by RJ & Makay on July 19, 2011
The recession and financial crises of 2008-2009 has had a big impact on the retirement plans of Americans age 55 and older. A decade ago, this group of pre-retirement and retirement-age citizens expected to retire at age 64. Now, on average, they expect to retire five years later, at age ...Read More »
Posted by RJ & Makay on September 16, 2010
Three out of four U.S. investors mistakenly think financial advisers at brokerage firms are required to put clients’ interests first, according to a survey released today by several consumer and financial planning organizations including the Consumer Federation of America, AARP and North American Securities Administrators Association.
“Investors are clueless ...Read More »
Posted by Darin Manis on June 2, 2010
As 50 becomes the next milestone for some of us (although for some of us more quickly than others) you get a bitter sweet birthday indeed. Jim Pavia is an Editor at InvestmentNews and wrote a good-humored article titled: Science proves it -- happiness begins at 50. According to a new ...Read More »