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Best in Retirement in 2014


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Tom Toggas recaps the year 2014 in terms of retirement, and discusses the most important ideas about the subject for the last 12 months.

Published in: Economy & Finance
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Best in Retirement in 2014

  1. 1. Best in Retirement in 2014 A recap of the most important retirement ideas. policies. and advice to come out in the year 2014 By Tom Toggas, Retirement Adivsor
  2. 2. Here are some of the best new ideas of the past year that could help people’s retirement according Donna Rosato at Time. Each year, there are trends, novel ideas, policies, and more that help shape the future of retirement in America.
  3. 3. Best New Locations for Retirement The AARP has, in recent years, collaborated with an array of metropolitan areas across America to adopt features and policies that will transform these urban areas into great places for adults. Such features include working opportunities and housing for the elderly, walkable streets, health services, senior friendly activities, and more. As of now, more than 40 cities such as Atlanta, San Francisco, and Denver have joined the initiative. In the spring of the new year, AARP will showcase an index rating communities across the United States that can be accessed online.
  4. 4. Best New Book on Retirement Rosato considers the Falling Short by Andrew Eschtruth, Alicia Munnell, and Charles Ellis to be the best new book focusing on retirement. The book centers on the premise that the retirement crisis that America is facing in coming years may be much worse than people think. They discuss their views in more detail, and highlight the ways that Americans can best save enough for a lengthy retirement.
  5. 5. Most Important Supreme Court Ruling This summer, the Supreme Court ruled on behalf of the employees of the bank, Fifth Third. The justices’ decisions allowed the employees to more easily sue the company for the losses that occurred from holding Fifth Third stock in their 4o1(k)s. The price dropped substantially, more than sixty percent, during the recession. This will discourage companies across the country from doing the same, and, thus, should benefit those planning for retirement. For decades, retirement experts have been warning people against holding too much of their company stock in their 4o1(k)s. Experts’ fears came to fruition when Enron collapsed in 2001.
  6. 6. Best New Initiative for Those Beginning to Save It is estimated that almost half of all workers don’t have employer sponsored retirement plans. MyRA, which was discussed by Obama during his State of the Union address in 2014, will serve as a way for these millions of workers to begin to save for retirement. As with a Roth IRA, the money put in is not tax- deductible, but does grow tax-free.