6 Reasons to Delay Retirement (U.S. News & World Report)

U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.

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6 Reasons to Delay Retirement (U.S. News & World Report)

U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.

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6 Reasons to Delay Retirement (U.S. News & World Report)

U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.

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Retirement: Gen Y’s Empty Piggy Bank (BusinessWeek)

BusinessWeek – Baby boomers fretting over their pensions should spare a thought for Constance DeCherney. Like many of her generation, the 27-year-old Web strategist at Planned Parenthood in New York has done little to prepare for retirement. While she became eligible for a 401(k) in 2005, DeCherney only began putting money into it last year. She now contributes 3 percent of her pay, though that’s just half of what Planned Parenthood will match, and DeCherney doesn’t know how the investments are performing. “Just the idea of (saving for retirement) feels overwhelming,” she says. …

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Retirement: Gen Y’s Empty Piggy Bank (BusinessWeek)

BusinessWeek – Baby boomers fretting over their pensions should spare a thought for Constance DeCherney. Like many of her generation, the 27-year-old Web strategist at Planned Parenthood in New York has done little to prepare for retirement. While she became eligible for a 401(k) in 2005, DeCherney only began putting money into it last year. She now contributes 3 percent of her pay, though that’s just half of what Planned Parenthood will match, and DeCherney doesn’t know how the investments are performing. “Just the idea of (saving for retirement) feels overwhelming,” she says. …

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Retirement: Gen Y’s Empty Piggy Bank (BusinessWeek)

BusinessWeek – Baby boomers fretting over their pensions should spare a thought for Constance DeCherney. Like many of her generation, the 27-year-old Web strategist at Planned Parenthood in New York has done little to prepare for retirement. While she became eligible for a 401(k) in 2005, DeCherney only began putting money into it last year. She now contributes 3 percent of her pay, though that’s just half of what Planned Parenthood will match, and DeCherney doesn’t know how the investments are performing. “Just the idea of (saving for retirement) feels overwhelming,” she says. …

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Retirement: Gen Y’s Empty Piggy Bank (BusinessWeek)

BusinessWeek – Baby boomers fretting over their pensions should spare a thought for Constance DeCherney. Like many of her generation, the 27-year-old Web strategist at Planned Parenthood in New York has done little to prepare for retirement. While she became eligible for a 401(k) in 2005, DeCherney only began putting money into it last year. She now contributes 3 percent of her pay, though that’s just half of what Planned Parenthood will match, and DeCherney doesn’t know how the investments are performing. “Just the idea of (saving for retirement) feels overwhelming,” she says. …

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Retirement: Gen Y’s Empty Piggy Bank (BusinessWeek)

BusinessWeek – Baby boomers fretting over their pensions should spare a thought for Constance DeCherney. Like many of her generation, the 27-year-old Web strategist at Planned Parenthood in New York has done little to prepare for retirement. While she became eligible for a 401(k) in 2005, DeCherney only began putting money into it last year. She now contributes 3 percent of her pay, though that’s just half of what Planned Parenthood will match, and DeCherney doesn’t know how the investments are performing. “Just the idea of (saving for retirement) feels overwhelming,” she says. …

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Scams: A Sucker Retires Every Minute (BusinessWeek)

BusinessWeek – Annuities. Reverse mortgages. Life insurance pools. Principal-protected notes. The options being offered to senior citizens hoping to ensure a comfortable retirement are dizzying. And in a growing number of cases, that may be the intention as more scammers–often elderly themselves–try to con retirees. Though hard numbers are difficult to come by, many lawyers and advocates for the elderly say more seniors than ever are being lured into investment schemes that are unsuitable for people of their age or are outright swindles. …

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