Category: Retirement

Reading List for September 22-23

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Sep 21, 2018
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Economics, Personal Finance, Retirement
Ten-Year Anniversary of Lehman failure/Great Recession Coverage continued through the weekend on this event, so here are just a few more good articles on the subject.  A special section of Sunday’s New York Times was devoted to the ten-year anniversary of the financial crisis. Here is one of the articles on where the next recession may come from. Along those lines, economics wonks are looking around every corner for the trigger for the next crisis. Business Insider brings you Martin...

Reading List for September 15-16

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Sep 14, 2018
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Current Events, Economics, Paying for College, Financial Literacy, Identity Theft, Retirement
Included a few extra articles this week as we recognize the ten-year anniversary of the Lehman failure and start of the Great Recession.....and a collection on paying for college as we start the new school year. Ten Year anniversary of Lehman failure What have we learned? Neil Irwin in his UpShot article compares current times to the 1990s looking for lessons. The WSJ looks back at how the Great Recession changed our relationship with risk. This WSJ/The Outlook discusses if the Fed has new...

Question of the Day: How much do millennials spend annually on coffee?

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Sep 09, 2018
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Budgeting, Behavioral Finance, Retirement, Question of the Day, Investing
Answer: $2,008 Thanks to Lynn Fischer of Kimberly High School (WI) for recommending this Question of the Day!  Questions: Assuming that they buy a coffee every day of the year (365 days in a year), what would be the daily cost of a cup of coffee?  What are ways that millennials could reduce their cost of coffee without going "cold turkey" and not drinking it anymore?  Are there things that you buy on a daily basis that would add up to hundreds of dollars spent on an annual basis?...

NGPF Podcast: Tim Talks To 403(b) Crusader Steve Schullo

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Aug 03, 2018
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Podcasts, Retirement, Investing, Stocks, Index Funds
  Ten years into his retirement, former LAUSD elementary school teacher and author Steve Schullo is still fighting the good fight for teacher retirement plans. This go-getter shares the insights from his teaching career and his passion to fix the current 403(b) mess. As the author of Late Bloomer Millionaire, you will learn how Steve's savings and investing plan helped him achieve a healthy nest egg. Listeners will also learn why he wrote Fighting Powerful Interests and the changes he...

What I'm Reading this Weekend (July 14-15)

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Jul 13, 2018
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Current Events, Economics, Investing, Paying for College, Internships, Retirement
Economics Inflation ticked up in June to 2.9%, the highest level in 6 years. What does that mean for workers? (see Chart of the Week below) Rare earth metals, critical in production of Americans’ extra appendage (cellphones), come from China. How will the trade wars with China impact this market?  Higher Ed and News for Recent Grads The state of student loan debt in words and pictures! Berklee College of Music finds success by bucking the trend and making its Online program a...

What I'm Reading This Weekend - July 7-8

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Jul 06, 2018
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Current Events, Economics, Student Loans, Personal Finance, Retirement
Economy This detailed Vox article explains what recent Supreme Court rulings at the end of this term mean for American business and the future of Antitrust. Economics nerds will enjoy the good examples of monopoly and monopsony here. How do American workers fare compared to their counterparts across the world? Maybe not so well. “Only Spain and Greece, whose economies have been ravaged by the euro-zone crisis, have more households earning less than half the nation’s median income...

Digging Deeper: Retirement’s Difficult Choices (Part 2)

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Jun 25, 2018
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Retirement, Insurance
Planning for Health Care Expenses High on my retirement planning “to do” list has been to make a call on whether or not to get long-term care insurance. I have been procrastinating mightily on this one. So when I read an article outlining a new model for assessing health care costs in retirement (long-term care insurance is part of this equation) put together for Vanguard by Mercer Health Benefits, it pushed the issue back onto my regular “to do” list. Time is money,...

What I'm Reading This Weekend (June 9-10)

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Jun 08, 2018
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Current Events, Parent Conversations, Retirement, Credit Reports, Investing, Mortgages
Parenting The WSJ takes a good look at the overprotected American child. You probably see the impacts on the students you teach. Michelle Singletary explains why parents should have “the talk” (about credit) with their kids. Here are eight things parents can do to help their college students become financially independent. And here is what you do if your adult children want to move home. Education The New York Times looks at education spending over time.  (Hint: it...

Another Way to Reframe That Retirement Conversation: A Dollar Spent Today Could Be Worth .... In The Future?

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May 28, 2018
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Retirement, Compound Interest, Teaching Strategies
Thanks to Brian Page for sharing this rule of 72 example from his class. Might get your students to be more mindful about their spending and saving habits.      ...

Digging Deeper: Retirement's Difficult Choices (Part 1)

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May 21, 2018
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Retirement, Personal Finance, Budgeting, Savings
  I have been noticing many articles in recent weeks discussing a wide array of issues surrounding retirement and end of life decisions, from when to stop working (if you stop working), when to draw Social Security, where to live, and even planning your own funeral! I am not sure if there are more articles out there given that 10,000 baby boomers hit 65 every day, or if I am just much more attuned to them as my husband and I are getting serious about planning the logistics of our...

What I'm Reading This Weekend (May 5-6)

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May 04, 2018
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Current Events, Employment, Personal Finance, Retirement
This week's list takes you from labor shortages to end of life, with some personal finance and self improvement inbetween. Employment News Low unemployment is the theme this week. In some areas of the country with extreme labor shortages, cities will pay you to move there. Fast food restaurants have boomed, but with no teenagers available, the fast food business has had to adjust. Markets A MarketWatch article tries to put some perspective on what is going on in the markets and includes...

What's New With.......Savings?

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May 03, 2018
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Savings, Current Events, Retirement
Savings Rate The most recent data for February shows the US savings rate increased slightly to 3.4% but has been markedly below average rates for a year. According to a recent Bankrate survey, 20% of Americans surveyed aren’t saving anything, inspite of record unemployment. Interest Rates on Savings The bottom line here to shop around for a good rate, and include online banks in that search. We start this section with a video explaining why rates at banks haven't increased more....

Question of the Day: What is Senior Citizens' Biggest Financial Regret From Their 20s?

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Apr 19, 2018
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Personal Finance, Research, Current Events, Retirement, Investing
Answer: Didn't save enough for retirement. Questions: Why do you think that 20-somethings have so much difficulty saving for retirement? What do you think seniors mean when they say "spent too much on non-essentials?" How would you answer the question, "what is your biggest financial regret?"  Here's the ready-to-use slides for classroom use.  Behind the numbers (from Priceonomics): The plurality of the respondents, 21.4 percent, indicated that the biggest financial regret from...

Financial Education: Teaching Up as well as Down

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Apr 02, 2018
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Retirement, Financial Literacy, Parent Conversations, Teaching Strategies
We focus daily on preparing younger generations to manage their financial futures.  It is a noble cause. But as educators, we can be the key to helping a parent who has never been responsible for major financial decisions navigate some of the most critical financial decisions of their lives. A few weeks ago I had the distinct pleasure of attending my mom’s 90th birthday celebration.  As I scanned the room filled with octogenarians and nonagenarians in various states of health, I...

Question of the Day: What percent of Americans are contributing to a retirement plan (e.g., 401(k)) offered by their employer?

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Mar 14, 2018
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Question of the Day, Savings, Research, Retirement, Investing
Answer: 49% Questions: What do you think prevents workers from contributing to a retirement plan? Retirement seems a long way off. Why do you think it is important to start investing when you are young?  What advice would you give someone in order to convince them to sign up for a retirement account?  If you were told that your company would match the amount you put into a retirement account, would that convince you to participate?  Click here for the ready-to-go...