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Category: Money Management


Smiling through my panic

- January 27, 2012

For the Camera The holiday season took my mind off my job search for a while. Now that the holidays are over, I am panicked. I am running out of cash, and ready to accept any job anyone would offer me. I´ve had two job interviews since the...

As clients lose jobs, more advisers come to the rescue

- December 27, 2011

Mr. Fragasso was able to help that client and others by helping them expand their search to related careers. While brainstorming with an unemployed hospital administrator a few years ago, Mr. Fragasso suggested that he consider consulting for ...

Retirement: Make your savings last as long as you do

USA Today - December 13, 2011

Intel recently partnered with Civic Ventures, a think tank that focuses on "encore careers," to help older workers find jobs in non-profit organizations for six months to a year. Intel will provide workers with a $25000 stipend and health insurance...

Higher 401(k) Contribution Limits in 2012

Boston.com - November 18, 2011

Starting in just two months, workers will be able to contribute even more to their employer´s 401(k). Effective January 1st, the maximum contribution amount increases from $16500 to $17000 for workers under age 50. Workers age 50 and older can...

Shopping for health insurance? 5 tips on how to get it right

Reuters - October 5, 2011

Searching for the next step in your career plan is even harder if you´re worried about health insurance. Here´s how to get through the process: If you´ve recently left your job or been laid off, COBRA is the simplest option. It allows you to stay on your employer´s plan. But because it requires you to pay the full cost, it may not be the least expensive...

6 Little-Known 401(k) Perks

US News and World Report - September 11, 2011

Put this article with your career plan to help you make those 40lk or IRA decisions when you start or leave a job. Retirees who leave their jobs in the year they turn 55 or older (or age 50 for public safety employees) can make 401(k) withdrawals without having to pay the 10 percent early withdrawal penalty. If you roll that money over to an IRA, you must wait...

Consensus is wrong on Social Security fix

Philly.com - July 3, 2011

Low and middle income Americans are more likely to have jobs that are physically demanding and to face poor working conditions. Indeed, nearly half of older workers over 58 work in such jobs, and more than a quarter of those over 60 report a ......

Stern Advice: Retirement number that's changing the debate

Reuters - June 28, 2011

Personal finance is an integral part of a career plan. As we mature, we have to decide our goal for retirement. Workers want to take their lump sums and have guaranteed lifetime benefits, says David Speier of benefits consultant Towers Watson. "We get real mixed messages." Workers surveyed by his firm want to retain control over their money, though older workers....

Vital Tax Tips for the Unemployed

Nasdaq - April 13, 2011

And if you don´t do so already, start keeping track of all your qualifying job-search and career development plan expenses. Note that qualifying expenses count even if you don´t get the jobs in question. Once you land a new job, if it´s in the same field and requires you to...

Unexpectedly unemployed and preparing for new career

Orlando Sentinel - March 17, 2011

During his 25 years as a boat builder, Tim Parker had done everything right financially: contributing to his 401(k) retirement plan, paying off his mortgage and credit-card debt, living on a tight budget and saving money for a rainy day. Then, unexpectedly, he was unemployed....

Savers’ impatience hinders retirement goals

Market Watch - February 22, 2011

Few would argue that we have a retirement crisis in America. What people might debate is how we solve the problem. ...

Wealthy boomers’ retirement outlook? Rosy

Market Watch - February 20, 2011

While many Americans’ retirement looks bleak because they don’t have enough money saved, a majority of wealthy baby boomers say their standard of living in retirement will top that of their parents, according to a new survey....

Retirement To Change Drastically, Merrill Says

Financial Advisor - February 11, 2011

Retirement will be unrecognizable in the future when it is compared to what has been known in the past few decades, according to Merrill Lynch financial experts....

Tax changes to watch for on your 2010 return

Market Watch - February 9, 2011

Your 2010 return is less complicated than it might have been, thanks to the Tax Relief Act in December, but there are changes that could trip you up. ...

Hybrid Pension Plans on the Rebound

HR Executive Online - February 7, 2011

After a four-year wait, the IRS has finally provided the rules plan fiduciaries need to design nondiscriminatory hybrid pension plans. Such plans were developed in the 1980s and continued to gain adherents, even though older workers challenged the concept as age-discriminatory and there was a lack of clarity about the "market rate" that such plans should offer. ...