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People Baby Boomers

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  • SEOUL, Aug 6- It took three years and acceptance of a sharp wage cut for machinery repair engineer Choi In-chan, 52, to find a job earlier this year. Like many baby boomers who enjoyed South Korea's heady growth years, Choi has been doubly squeezed by the country's recent economic malaise: not only is he unprepared as retirement looms, but his adult son is unable to...

  • BOSTON, July 30- Fidelity Investments, the No. 1 administrator of U.S. retirement plans, on Thursday warned that Baby Boomers may be too heavily invested in stocks, as the average 401 balance has surged 50 percent over the past five years. "One thing we learned from the last recession is that having too much stock, based on your target retirement age, in your retirement...

  • NEW YORK, July 28- Forty percent of millennials have at least one tattoo, according to Pew Research Center. "If you walk into a boardroom and you have that baby girl tattoo on your neck, you may not get that job you want," said Univerity of Tampa assistant professor Kristen Foltz, who conducted the research. Katie Murtagh, a first-year law student at the Charlotte School...

  • July 22- Shares of Blue Buffalo Pet Products Inc rose as much as 37 percent in their debut, valuing the maker of Blue Wilderness and other dog and cat foods at $5.38 billion and highlighting growing demand for "healthier" meals for pets. Nestle SA, which makes Purina branded pet food, has questioned those claims in a lawsuit. The offering raised $676.6 million after...

  • NEW YORK, July 22- When choosing retirement locales, a few factors pop to mind: climate, amenities, proximity to grandchildren, access to quality healthcare. Chris Cooper had something else to consider- marijuana laws. So when Cooper, 57, was looking for a place to retire, he ended up in San Diego, since California allows medical marijuana.

  • NEW YORK, July 22- John McCormick has been on a mission for the past five years: to bring hedge funds to the masses. Traditional hedge funds, those lightly regulated investment pools open exclusively to large institutions and rich individuals, have been duds lately, trailing the U.S. stock market's performance every year since 2009 by an average of 10 percentage...

  • NEW YORK, July 21- Another Millennial myth may be biting the dust. Millennials save 8 percent of their paycheck for retirement, according to a recent survey from T. Rowe Price. The only reason Millennials aren't saving even more is that they have college debt to pay off and do not earn much money yet, according to Anne Coveney, senior manager of retirement thought...

  • COLUMN-Are Millennials saving enough for retirement? Tuesday, 21 Jul 2015 | 9:29 AM ET

    NEW YORK, July 21- Another Millennial myth may be biting the dust. Millennials save 8 percent of their paycheck for retirement, according to a recent survey from T. Rowe Price. The only reason Millennials aren't saving even more is that they have college debt to pay off and do not earn much money yet, according to Anne Coveney, senior manager of retirement thought...

  • June 23- The volatile U.S. multifamily housing market has returned to pre-recession investment levels, driven largely by millennials putting off home-buying and settling for rentals, but in the long term it will be baby boomers that will drive the market as they downsize, according to the Kansas City Federal Reserve. Kansas City Fed senior economist Jordan...

  • The latest Social Security horror story Monday, 22 Jun 2015 | 3:49 PM ET
    Denver Police Officer Robert Southern, right, and his partner Officer Darren Ulrich talk with Virgil McFarland outside the Social Security Administration offices just off the 16th Street Mall in Denver, CO January 30, 2015. McFarland was frustrated because of a problem with his disability check, the officers were able to diffuse the situation.

    The authors of "Get What's Yours: The Secrets to Maxing Out Your Social Security" share the latest Social Security woes they've received from readers.

  • On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar, the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter. Construction materials supplier Vulcan Materials has risen 35.8 percent so far this year and home improvement and building products firm...

  • NEW YORK, June 17- When Stephen Lovell used to visit his grandparents as a kid, it was like entering the world of Cole Porter or "The Great Gatsby." Not to mention a lavish mansion in Ontario, Canada, and a summer home in Southampton, New York. U.S. Trust recently surveyed high-net-worth individuals with more than $3 million in investable assets to find out how they are...

  • For those aged 34 or younger, their No. 2 favorite stock- behind only mighty Apple Inc- is none other than Warren Buffett's Berkshire Hathaway Inc.. This is according to new data from the brokerage TD Ameritrade, which took a snapshot in May of the individual equity holdings of every one of its retail clients. Among the top picks for young adults aged 34 and younger:...

  • Foods that may fade along with the baby boomers Tuesday, 2 Jun 2015 | 11:29 AM ET
    Shoppers at a Kroger supermarket in Peoria, Ill.

    Some of the most recognizable American food and beverage brands have fallen out of favor with U.S. consumers, while smaller brands are gaining favor.

  • NEW YORK, June 2- Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched," portfolio manager Graham Tanaka saw an opportunity. After a year-long buying spree, he now has more than a quarter of his $17 million Tanaka Growth fund portfolio in healthcare...

  • NEW YORK, May 27- Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Of the 300,000 brokers now working in the United States, nearly 35 percent are over 55. Between those...

  • NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...

  • WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...

  • *Deal values Omnicare at $12.7 bln, including $2.3 bln debt. May 21- CVS Health Corp, the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc for $10.1 billion to expand in the growing market serving the senior patient population. CVS offered $98 per Omnicare share, representing a premium of 4 percent to...

  • May 13- More than a half-million U.S. patients had medication costs in excess of $50,000 in 2014, an increase of 63 percent from the prior year, as doctors prescribed more expensive specialty drugs for diseases such as cancer and hepatitis C, according to an Express Scripts report released on Wednesday. The total cost to health plans for U.S. patients with...