NEW YORK, Feb 26- When Wanda Simpson reached retirement a couple of years ago, the Cleveland mom had an unwelcome companion: Around $25,000 in debt. New data reveal that Wanda Simpson has company- and plenty of it. Among families headed by those 55 or older, 65.4 percent are still carrying debt loads, according to the Washington, D.C.- based Employee Benefit Research...» Read More
A Government Accountability Office report to be released Wednesday will reveal that thousands of federal and private-sector employees nationwide may be committing fraud by collecting disability benefits from the federal government when they’re perfectly healthy and working full-time jobs.
Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.
The Securities and Exchange Commission has introduced new rules to help investors figure out how target-date funds in their 401(k) and other retirement accounts are supposed to hit their target.
Americans are living and working longer, and Alice Rivlin, a member of President Obama’s National Commission on Fiscal Responsibility and Reform, told CNBC it is time the Social Security retirement age reflects this fact of life.
David Faber talked with Senior Portfolio Manager Frank Troise about what Boomers need to do now, after being crushed by the financial crisis.
It’s easy to look at the protesters and the politicians in Greece — and at the other European countries with huge debts — and wonder why they don’t get it. Yet in the back of your mind comes a nagging question: how different, really, is the United States? The NYT explains.
The system is projected to pay out more in benefits this year than it receives in taxes, a tipping point toward insolvency that was not expected before 2016.
Congressional Democrats on Thursday made headway on their top legislative priority—job creation—when the House of Representatives approved a $15 billion package of tax credits and highway construction.
From the Internet revolution to the real estate boom, John Donahoe and Donald Trump have witnessed eras of great innovation and prosperity, as well as economic downturns. Now, both share what being a Baby Boomer has meant to them and their business.
Best Buy CEO Brian Dunn shares what being a Boomer has meant to him and to his business.
As they approach retirement age they are witnessing the rise of the most technology-savvy digital natives in the history of humankind. Is there any way for Baby Boomers to compete with a generation that has been completely immersed in technology since birth? The answer is....
Joe Grano’s career is the stuff of Wall Street legends. He put in 16 years at Merrill Lynch, before becoming President of Paine Webber and then CEO of UBS Paine Webber. He left in 2004 to start his own firm, Certurion Holdings.
I recently coached a Boomer – 20 years of varied experience, deep industry expertise, substantial management background including P&L and staff oversight. You’d almost never know it!
The emergence of the new 'Social Media Maven' among Baby Boomers, coupled with the dramatic rise in their time spent on the Internet, indicates that social media has significantly carved out time generally reserved for traditional media.
Apologies are in a bull market. Not a week goes by without someone apologizing publicly for saying or doing something. This trend has not gone un-noticed by the Boomers. Just as they have done everything in a big way, they are apologizing profusely.
Though they're all classified as "Boomers," people born in 1946 don't have much in common with those born 18 years later.
The people born between 1946 and 1964 have been lumped together as the Baby Boom generation their entire lives, but their values and outlooks differ greatly along that 18-year spectrum. Researchers have divided them into four categories, according to their financial status and retirement plans.
Boomers have made a number of fascinating contributions to modern day American life over the last 30 years. Perhaps it’s time for them to reinvent the modern day American retirement as well.
It's been a difficult several years and companies have had to take on the unenviable task of cutting expenses to maximize bottom line profits. Earnings have required this as top line growth has been disappointing in the worst financial downturn since the Great Depression. And in this stormy environment, individuals as well are faced with the urgent task of trimming expenses instead of merely focusing on increasing asset values.
There was a time - not THAT terribly long ago - when boomers who had something to say took to the streets with signs of protest, usually against authority (especially the government). Sit-ins were the way to stand out.