by the ANN Team on February 3, 2012
Economists know that entrepreneurship will drive the economy back to health, but many people may be surprised to learn that the baby boom generation is behind the wheel, according to a new study by the Ewing Marion Kauffman Foundation.
Former Entrepreneur Magazine Editor, now GrowBiz Media CEO, Rieva Lesonsky says “Many baby boomers aren’t ready to retire and like the idea of running their own business.” She also says that “Franchises have become a popular choice.”
by the ANN Team on January 31, 2012
(Forbes) Retirement strategy has long been almost entirely focused on the accumulation of assets, but study after study has continually moved the goal post for what is needed in savings — $500,000, $1 million, $3 million.
The problem is that big numbers of that sort can either scare investors into thinking a target is unobtainable or force them into a risky glide path in search of returns to reach that magic number. More skeptical savers point out that the very financial firms that benefit from the growth of investible assets have been the ones marketing bigger and bigger “numbers.”
How much people need to retire has become more individualized, more of a moving target. Building needed assets may require more than just the standard simplicity of splitting a “buy and hold” portfolio among stocks and bonds.
Pete D’Arruda, president of Capital Financial Advisory Group says “A core of safety is important.”
Living off a nest egg for 30 or more years is a challenge, so a level of certainty and peace of mind with investments goes a long way, he says. The objective is to have a foundation of safety that enables the rest of the portfolio to take on more risk while lessening worries of day-to-day market volatility.
by the ANN Team on January 26, 2012
Women in America Financial Health from Sequence Media on Vimeo.
By many measures, women’s lives have changed substantially in recent decades. According to a comprehensive government report called Women in America, although certain social and economic situations for women have improved, when it comes to personal finances, many women still face challenging hurdles.
Visa Senior Director Jason Alderman tells ANN about some key findings in this report.
