Senior Personal Finance Correspondent
Linda's Feed
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.”

Jun 20, 2013

Stern Advice: Get ready, gay couples, for a new financial world

WASHINGTON (Reuters) – Next week the Supreme Court is widely expected to hand down a ruling that will confer federal recognition on state-sanctioned same-sex marriages.

If that ruling comes down as anticipated, it will send some gay and lesbian couples to the altar – but it is likely to send even more to financial planners, trust attorneys and tax accountants.

Jun 12, 2013

Women to pay more for long-term-care coverage

WASHINGTON (Reuters) – Long-term-care insurance has always been an expensive product, but now it is getting a lot pricier – especially for single women who may most need help in old age.

Providers are raising rates for old policies and new ones – by as much as 60 percent, according to state filings. But the latest development is gender-based pricing. Genworth, a leader in this field, has started selling plans in 31 states that charge more for women than men. John Hancock is also embracing gender-based pricing, and other insurers are expected to follow suit.

Jun 12, 2013

Stern Advice – Women to pay more for long-term-care coverage

WASHINGTON, June 12 (Reuters) – Long-term-care insurance has
always been an expensive product, but now it is getting a lot
pricier – especially for single women who may most need help in
old age.

Providers are raising rates for old policies and new ones -
by as much as 60 percent, according to state filings. But the
latest development is gender-based pricing. Genworth, a leader
in this field, has started selling plans in 31 states that
charge more for women than men. John Hancock is also embracing
gender-based pricing, and other insurers are expected to follow
suit.

Jun 7, 2013

SEC retail fund definition came from USAA

NEW YORK, June 7 (Reuters) – A key part of the U.S.
Securities and Exchange Commission’s new proposal on regulating
money-market funds came from an idea raised by a single
financial firm, a senior SEC official said.

The SEC proposal, issued Wednesday, would require
institutional funds – those marketed to large organizations and
ultra high net worth investors – to transition from a fixed $1
share price to a floating net asset value (NAV). Retail funds,
aimed at smaller investors, would be exempt.

    • 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."
      Joined Reuters:
      October 2010
    • Contact Linda

    • Follow Linda