Category Archives: Retirement
FINANCIAL AWARENESS PROTECTS THE AGING FROM FRAUD
SUMMARY: A decrease in cognition increases overconfidence in one’s financial knowledge, and overconfidence makes older American more susceptible to fraud. Source: Social Science Research Network, October 22, 2012 Representative findings: Decreases in cognition are associated with declines in … Continue reading
Posted in Retirement, Seniors
Tagged Diana Schneidman, DianaWrites, retirement planning
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MORE WORKING HOUSEHOLDS AT RISK OF FINANCIAL SHORTFALL IN RETIREMENT
Today’s content concept from Diana Schneidman of DianaWrites: BETWEEN 2007 AND 2010, THE PERCENTAGE OF HOUSEHOLDS AT RISK OF BEING UNABLE TO MAINTAIN THEIR PRE-RETIREMENT STANDARD OF LIVING WHILE IN RETIREMENT INCREASED FROM 44% TO 53% Source: The National … Continue reading
BOOMERS STRUGGLING FINANCIALLY AFTER GREAT RECESSION
Today’s content concept from Diana Schneidman of DianaWrites: OLDER BOOMERS WERE SEVERELY IMPACTED BY THE RECESSION AND ARE ANXIOUS ABOUT THEIR FINANCIAL PROSPECTS IN RETIREMENT. Source: Boomers and the Great Recession: Struggling to Recover, AARP Public Policy Institute, September 2012 … Continue reading
Posted in financial well-being, Retirement
Tagged boomers outlook, Diana Schneidman, DianaWrites, retirement planning
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MAJORITY OF WOMEN SAY TROUBLED ECONOMY HAS SEVERELY IMPACTED THEM
Today’s content concept from Diana Schneidman of DianaWrites: THE MAJORITY OF BOTH WOMEN AND MEN REPORT THEY HAVE LOST ECONOMIC GROUND, BUT THE IMPACT HAS BEEN MORE SEVERE FOR WOMEN. Source: Prudential’s 7th biennial study on the Financial Experience and … Continue reading
Posted in Retirement, women and financial planning
Tagged Diana Schneidman, DianaWrites, retirement planning
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“BUYING” AN ANNUITY FROM SOCIAL SECURITY CAN BEAT COMMERCIAL ANNUITY
Today’s content concept from Diana Schneidman of DianaWrites: THOSE FACING RETIREMENT CAN DELAY THEIR SOCIAL SECURITY BENEFITS TO RECEIVE HIGHER MONTHLY BENEFITS IN THE FUTURE, WHILE DIPPING INTO SAVINGS TO FUND CURRENT EXPENSES. Source: Center for Retirement Research at Boston … Continue reading
AMERICANS OPTIMISTIC ABOUT FINANCIAL OUTLOOK
Today’s content concept from Diana Schneidman of DianaWrites: HALF OF AMERICANS EXPECT THEIR FINANCIAL CONDITION TO IMPROVE IN THE NEXT YEAR, WITH BLACK AND HISPANIC RESPONDENTS ESPECIALLY OPTIMISTIC Source: Survey conducted for Certified Financial Planner Board of Standards Representative … Continue reading
Posted in financial well-being, Retirement
Tagged Diana Schneidman, DianaWrites, financial optimism, retirement planning
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AMERICANS LACK CONFIDENCE IN THEIR RETIREMENT SECURITY
Today’s content concept from Diana Schneidman of DianaWrites: Americans’ confidence in their financial outlook for retirement is increasing slightly as the country experiences some economic recovery, but workers who are older, in poor health or have only a defined … Continue reading
Women concerned about retirement security but not addressing concerns
Mature American women expect to live long lives and know that the retirement lifestyle they want will require significant financial resources. However, their actual planning and preparation lag. Source: MetLife Study of Women, Retirement, and the Extra-Long Life: Implications for … Continue reading
