Senior Personal Finance Correspondent
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Aug 28, 2013

Stern Advice-Money milestones for every decade

WASHINGTON, Aug 28 (Reuters) – Life spans are long, and not
everyone lives on a “house and kids by 30, first million by 50″
kind of schedule. Nevertheless, there are financial milestones
that it helps to hit at every stage.

Here is my list, by decade. If you are late on a few, that’s
no big deal. If you’re early, that’s great.

Aug 7, 2013

Stern Advice: How much monthly income will that 401(k) get you?

WASHINGTON (Reuters) – If you think figuring out how much money to put into your retirement savings accounts is complex, wait until it’s time to take money out.

That is emotionally challenging to people who have spent their lifetimes trying to build their nest eggs, but it is also a mathematical challenge. If you take too much out, you risk running out of money just when you might need it most to pay for care – a grim prospect. But withdrawals that are too low may not leave you enough to pay your bills or enjoy that retirement you’ve been saving for.

Jul 31, 2013

Financial advice that is popular – and wrong

WASHINGTON (Reuters) – Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn’t bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda yadda.

The problem is, a lot of that is bad advice. At best it fit a bygone era; at worst it was never right and is dangerous.

Jul 31, 2013

Stern Advice-Financial advice that is popular – and wrong

WASHINGTON, July 31 (Reuters) – Some financial advice is so
oft-repeated that everyone takes it for granted: You shouldn’t
bring debt into retirement. Debit cards are safer than credit
cards. Older folks should invest more conservatively. As they
used to say on Seinfeld, yadda yadda yadda.

The problem is, a lot of that is bad advice. At best it fit
a bygone era; at worst it was never right and is dangerous.

Jul 24, 2013

Is now the worst time to retire? Not even close

WASHINGTON (Reuters) – Add this to the growing pile of research that seems designed to scare baby boomers out of their Birkenstocks. A new study from Bankrate.com and Research Affiliates, a Newport Beach, California, money management firm, posits that the postwar generation could be retiring at a most unfortunate moment.

“The baby boom may end with a whimper,” wrote Chris Kahn, the Bankrate analyst who worked on the study. “Baby boomers may be leaving … (the work force) at the worst time in a generation or more.”

Jul 24, 2013

Stern Advice-Is now the worst time to retire? Not even close

WASHINGTON, July 24 (Reuters) – Add this to the growing pile
of research that seems designed to scare baby boomers out of
their Birkenstocks. A new study from Bankrate.com and Research
Affiliates, a Newport Beach, California, money management firm,
posits that the postwar generation could be retiring at a most
unfortunate moment.

“The baby boom may end with a whimper,” wrote Chris Kahn,
the Bankrate analyst who worked on the study. “Baby boomers may
be leaving … (the work force) at the worst time in a
generation or more.”

Jul 10, 2013

Stern Advice: Financial advice you can trust – and afford

WASHINGTON (Reuters) – The slowest-moving body in Washington right now is not the Nationals’ outfield but regulators creating an ethical standard that would require financial advisers to put their clients’ interests first.

Maybe that doesn’t sound like it should be so difficult, but the idea of applying the so-called fiduciary standard to all advisers, including brokers who earn commissions on the securities they sell, has been under discussion since at least the 1990s. In 2010 the Dodd-Frank financial reform legislation asked the U.S. Securities and Exchange Commission to look into it.

Jul 3, 2013

A grain of salt for those retirement projections

WASHINGTON (Reuters) – Only cave dwellers have missed the boom in retirement-planning studies: what seems like a daily barrage of industry-funded surveys and white papers pointing to an aging population so woefully unprepared they will have work until they are 90, brown-bagging cat-food lunches when they do.

Now one of those new studies, from a respectable and data-focused investment firm, is taking some of the pressure off individuals who may worry that they can’t possibly save enough.

Jul 3, 2013

Stern Advice – A grain of salt for those retirement projections

WASHINGTON, June 25 (Reuters) – Only cave dwellers have
missed the boom in retirement-planning studies: what seems like
a daily barrage of industry-funded surveys and white papers
pointing to an aging population so woefully unprepared they will
have work until they are 90, brown-bagging cat-food lunches when
they do.

Now one of those new studies, from a respectable and
data-focused investment firm, is taking some of the pressure off
individuals who may worry that they can’t possibly save enough.

Jun 26, 2013

Stern Advice-Gay couples get new world of retirement, tax benefits

WASHINGTON, June 26 (Reuters) – Same sex couples are
rejoicing after today’s Supreme Court ruling declaring the
Defense of Marriage Act unconstitutional. It offers federal
recognition of the unions and invites them into a new and
potentially lucrative world of shared tax, retirement, estate
and employee benefits.

“It will be less costly to be gay,” said Debra Neiman, an
Arlington, Massachusetts, financial adviser and author of “Money
Without Matrimony.”

    • About Linda

      "Linda Stern is an award-winning personal finance journalist who loves to write about how the big picture affects your pocketbook. A former contributing editor at Newsweek magazine and a long-time Reuters columnist, Stern covers everything from credit cards to retirement planning to investing. As a Washington-based correspondent, she sneaks in as much tax and economic policy as her editors will allow. She tweets at www.twitter.com/LindaStern. And when she expresses opinions, they are her own and not those of her employer."
      Hometown:
      Emerson, N.J.
      Joined Reuters:
      October 2010
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