Retirement

5:53am

Mon April 21, 2014
Your Money

How Do Companies Boost 401(k) Enrollment? Make It Automatic

Originally published on Mon April 21, 2014 12:15 pm

iStockphoto

More Americans are saving for retirement through their employers' 401(k) programs. That's because in recent years they've been given a strong nudge — more companies are automatically enrolling workers in retirement savings programs.

Some firms are also automatically increasing the amount employees contribute. That's just as important, experts say.

And all of this makes a big difference: Without it, millions of Americans don't save at all.

Making Time For Retirement Planning

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4:07pm

Thu April 3, 2014
Rethinking Retirement: The Changing Work Landscape

One More Speed Bump For Your Retirement Fund: Basic Human Impulse

Originally published on Thu April 3, 2014 5:34 pm

We hate losing twice as much as we love winning, behavioral researchers say. And that gets us into trouble with financial decisions.
iStockphoto

Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.

One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.

How A Smashed Car Is Like A Smashed Nest Egg

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4:16am

Mon March 31, 2014
The Changing Lives Of Women

When Planning For The Future, Women Have Been Hands Off

Originally published on Mon March 31, 2014 10:46 am

In Blue Jasmine, Cate Blanchett plays a wealthy New York socialite who has it all, loses it all and ends up delusional on a park bench.
Perdido Productions

It's a truism in the financial industry that women need to get more out of their money than men since they live longer and make less, especially if they take time out to care for children or aging parents. But it's also a given that they lack confidence when it comes to investing, something that's clear on a recent evening at the Women's Center in Vienna, Va.

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5:00am

Wed March 26, 2014
Business

Retirement Could Bring A Wave Of Boomer Businesses To Market

Roy Hansen, left, has put his truck driving school on the market and is planning for retirement. “I turn 69 next month, and you know it’s just time to do it.”
Grace Hood KUNC

So-called “business brokers” match buyers and sellers for all kinds of small enterprises, everything from high-end hair salons to septic tank cleaning. For those in the business of selling businesses, 2014 is expected to be a big year across Colorado and the U.S.

When it comes to the recent boom, it’s, well, baby boomers who are mostly behind the uptick.

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1:17am

Fri August 2, 2013
Planet Money

4 Reasons Why Millions Of Americans Are Leaving The Workforce

Originally published on Fri August 2, 2013 9:08 am

NPR

The unemployment rate only includes people who don't have jobs and are looking for work. A much larger swath of people — about 36 percent of U.S. adults — don't have jobs and aren't looking for work at all. That figure is higher than it's been in decades (and, conversely, the share of adults in the labor force — shown in the graph above — is lower than it's been in decades).

Here are four reasons why so many people are leaving the labor force.

1. They're retiring.

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