Financially Literate? Compare Yourself to These Stats!

Posted by Alan J. McMillan on Thu, Jul 31, 2014 @ 09:35 AM

Professionals from colleges all over America dedicated to building financial literacy amongst students on their campuses gathered at Ohio State University this week.  The National Summit on Financial Wellness, organized by Ohio State University and Indiana University, was a huge success if not ground breaking.

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Topics: Job Preparation, College Experience, College, Retirement Funds, Saving for Retirement, Retire Young, Retirement Age, Debt Free, Social Assurity

WARNING: Boeing Eliminates 64k Pensions – A Lesson For You? YES

Posted by Alan J. McMillan on Tue, Mar 11, 2014 @ 08:47 AM

Reported Friday on my Yahoo News Feed, the aero space giant, Boeing, is ending their defined benefits program (pension) and moving to a defined contributions program (think a 401k or similar).  Two generations ago, pensions were common for American workers. 

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Topics: Alan McMillan, Retirement, Retirement Funds, Saving for Retirement, Retire Young, Retirement Age, Boeing, Pensions

Is 80 the New 65 (Retirement Age)? Don’t Suffer Like the Baby Boomers!

Posted by Alan McMillian on Fri, Nov 08, 2013 @ 05:30 PM

34% of middleclass Americans say, ‘they will have to work until they are 80 in order to have enough to retire and maintain their lifestyle.’  That is up from 25% in 2011 and 30% in 2012, according to this year’s Wells Fargo Middle Class Retirement study.  The closer the Baby Boomers get to retirement the more vivid and bleak the picture becomes.

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Topics: Alan McMillan, Retirement, Retirement Funds, Saving for Retirement, Retire Young, Retirement Age