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November 14, 2012
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Financial and wealth management news for the retirement community

  Top News 
Pat Croce Reveals His Insights for Acting on Your Passion
If you're ready to "get your butt off the couch and get into the game of life," it's time to get inspired by this successful entrepreneur and leadership expert. Read the featured article.

  Industry Update 
 
  • Pensions aren't as great as employees think, experts say
    About half of workers in a Towers Watson survey said they'd rather have a pension than the chance to earn a bigger bonus, but many workers may be overestimating the value of traditional pensions, experts say. For example, in 1980, private-pension payments only made up about 8% of retirees' overall income, according to the Investment Company Institute. Also, many employees who retired with pensions during this time were ineligible for full benefits, ICI economist Peter Brady said. MarketWatch/Encore blog (11/13) LinkedInFacebookTwitterEmail this Story
  • Commentary: Middle-class retirement accounts are falling short
    Middle-class Americans are not only falling short in their retirement savings, but also lack knowledge about how much they'll be able to withdraw without outliving their funds, consulting actuary Steve Vernon writes. He cites a Wells Fargo survey in which respondents' median estimate for necessary retirement savings was $300,000, while the median amount they had saved so far was $25,000. CBS MoneyWatch (11/13) LinkedInFacebookTwitterEmail this Story
  • How raising the retirement age hurts lower-income workers
    Raising the retirement age could help preserve Social Security's long-term funding while recognizing demographic changes. But for lower-income workers, such a shift could be "punitive as well as heartless," Philip Moeller writes. That's because lower-income people typically are in more physically demanding jobs and can't work longer, so they would receive significantly lower benefits. U.S. News & World Report/The Best Life blog (11/13) LinkedInFacebookTwitterEmail this Story
  • Other News
6 Best Practices to Continuous Planning Success
Whether you call it 'forecasting' or 'planning', the key is to enable a continuous process that delivers real-time, up-to-date information to drive effective business decisions. Download this whitepaper to learn how you can bring everyone in your organization into your planning process.

  Financial Literacy 
  • Tax strategies to survive a spill over the "fiscal cliff"
    Andrea Coombes suggests several moves that retirement savers may want to consider in case lawmakers don't avert the "fiscal cliff," including converting your IRA to a Roth IRA, ramping up next year's retirement contributions to avoid a bigger tax hit and delaying deductions until 2013. Two other strategies: Make gifts to heirs to reduce an estate's value and pay college bills this year, if possible. MarketWatch (11/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  On the Economy 
  Building Your Practice 
  SmartQuote 
Many of our fears are tissue-paper-thin, and a single courageous step would carry us clear through them."
--Brendan Francis Behan,
Irish writer


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