Category: Retirement

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...

NGPF Podcast: Tim Talks to Tony Isola, An Advocate for Better 403(b) Plans

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Feb 09, 2018
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Podcasts, Research, Investing, Retirement
From a trading desk on Wall Street to a classroom in an underserved community and then back again to an investment firm, Tony Isola has seen 403(b) plans from all sides, and he doesn't like what he sees. High fees, weak transparency, teachers not being well-served or as Tony likes to say "What isn't wrong with 403(b) plans?" He’s disrupting this broken system by creating an alternative at Ritholtz Wealth Management, which he refers to as “the Amazon of 403(b) plans," for a fraction...

From the HR Desk: 10 Money Habits for Recent Grads

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Jan 11, 2018
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Career, Budgeting, Employment, Retirement
This post came from NGPF's new office manager, Rita Fung, who most recently ran HR at a high growth company in San Francisco. She wanted to share her observations regarding how young people joining the workforce for the first time managed their money (and even started to save for retirement).  --------------- Living in the Bay Area is pretty awesome. It's got a thriving economy, beautiful sites, and endless activities. All this goodness comes at a price: bad traffic, long waits, and...

The Retirement Conundrum: How Can I Engage My Students In Such An Important Topic?

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Dec 13, 2017
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Index Funds, WebQuest, Article, Activities, Retirement, Investing
Ok, I know that retirement is a long way off for your students, which makes it difficult to engage them on the topic. What if the focus instead was on the actions that you students can take in their 20s to set themselves up well for that period far off into the future?  Here's a Washington Post article that lists five actions that 20-somethings can take to get a jumpstart on their "nest egg." Well, it turns out we have an NGPF resource recommendation for each of their tips. Thanks to...

Question of the Day: What's the average 401(k) balance for Americans?

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Dec 12, 2017
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Investing, Question of the Day, Retirement, Research, Current Events
Answer: $100,000 From Bloomberg (subscription): Questions: Do you think that $100,000 is enough of a "nest egg" for retirement? I know it is a long, long, long way off but how much do you think you will need to save for a comfortable retirement?  Is it better to start investing when you are young or to wait until you have the basics like a car and house taken care of before first? ----------- Here's the ready-to-use slides for this Question of the Day for your classroom. ------------...