Why there is a gender gap in retirement savings

By Brian OConnell/MainStreet.com

There are plenty of examples of the struggle women have saving for retirement.

For example, this study from BlackRock shows that men emphasize long-term savings more than women, and more have started saving and have a good plan in place than women saving for their post-career years.

Women in the study are more likely than men to choose negative terms to describe their finances, with terms such as nervous, sober, pessimistic and frustrated appearing frequently.

So is it any wonder women are frustrated about their retirement savings, especially when they seem to be saving at a greater rate but somehow have less to show for it?


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Debt Consolidation USA Explains Credit Counseling

Debt Consolidation USA recently shared in an article published October 20, 2014 how consumers can check if credit counseling is the right program for them. The article gives consumers questions to ask themselves in order to verify if credit counseling will work for them .

Dallas. TX (PRWEB) October 22, 2014

Debt Consolidation USA recently shared in an article published October 20, 2014 how consumers can check if credit counseling is the right program for them. The article titled “8 Important Questions Before Opting For Credit Counseling” gives consumers questions to ask themselves in order to verify if credit counseling will work for them .

The article starts...

IRS Announces 2015 Retirement Plan Contribution Limits For 401(k)s And More

SEP IRAs and Solo 401(k)s. For the self-employed and small business owners, the amount they can save in a SEP IRA or a solo 401(k) goes up from $52,000 in 2014 to $53,000 in 2015. That’s based on the amount they can contribute as an employer, as a percentage of their salary; the new compensation limit used in the savings calculation is $265,000, up from $260,000. For more on savings strategies if you have self-employment income, see How Entrepreneurs Can Get Big Tax Breaks For Retirement Savings.

The SIMPLE IRA. The contribution limit on SIMPLE retirement accounts for 2015 is $12,500, up from $12,000 in 2014. The SIMPLE catch-up limit is $3,000, up from $2,500 in 2014. For more...

Is there a retirement savings crisis or not?

Retirement income isnt adequate in 49 of 50 states, according to a recent survey, adding to a rash of conflicting information about how financially ready (or not) Americans are for their retirement years. So are we in the midst of a retirement crisis? Or is all the hand-wringing overblown?


Schuyler Velasco, Staff writer

Three PILOTs could create 272 jobs, $28M in investments

Wednesday was a big day at the monthly meeting of the economic development arm of Memphis and Shelby County.

The Economic Development Growth Engine for Memphis Shelby County approved $2.2 million in tax breaks in exchange for commitments to create at least 272 jobs and capital investments of $28 million, as I reported here, here and here.

The three companies that won the incentives – FedEx Supply Chain Systems, ACS Clothing Limited and Benchmark Education Co. LLC – are all very different companies. But one thing they had in common: Memphis-based FedEx Corp. (NYSE: FDX).

‘Detroit’ by Philadelphia Theatre Co.: Spiraling down in the suburbs

Theres a strange sort of bookending between Philadelphia Theatre Companys 40th-season opener, Lisa DAmours Detroit, and last seasons production of Christopher Durangs Vanya and Sonia and Masha and Spike. Where Durangs characters examined contemporary America through the eyes of an elder generation filled with nostalgia and disdain for todays careless youth, DAmour brings us up to date, in real time, with the American Dreams death throes, and some of the reasons those youth are so careless.

Mary and Ben (Genevieve Perrier and Steven Rishard) drink too much and make too little. A downwardly mobile 30-ish couple (shes a paralegal, hes recently unemployed, hoping to start an at-home...

Contributions roll in; fundraising updated for 2nd District US House race

Donations to Lori Hopkins-Cavanagh, the Republican 2nd District congressional candidate whose campaign has so far been largely self-financed, have increased.

Just under 60 percent of her campaign is self-funded, according to recent documents filed with the Federal Election Commission, while her loans constituted 73 percent of the campaigns income in July.

In the past three months, Hopkins-Cavanagh brought in $15,109 worth of contributions, including $2,600 each from gubernatorial candidate Tom Foley and former US Senate candidate Linda McMahon. But she still lags behind incumbent Democratic US Rep. Joe Courtney, who raised more than $230,000 in contributions during the same...

BSU trustees release findings of investments review

Ball State University President Paul Ferguson and Board of Trustees chair Rick Hall met today with the State Budget Committee to discuss the universitys findings and action plan moving forward related to the schools losses of more than $13 million in fraudulent investments.

The school officials met with the committee on the IU East campus in Richmond during a public meeting this morning.

An independent report — commissioned by the board of trustees after two fraudulent investments totaling $13.165 million from 2008-10 were made by a Ball State employee — found that all of the universitys current investments have been verified and are legal. The report was carried...

Influx of business gives regatta a golden glow

As rowers and fans from around the world mark the 50th anniversary of the annual Head of the Charles Regatta this weekend, local restaurants, hotels, and merchants are celebrating the business the event generates. As many as 410,000 visitors and their money from more than 30 countries are expected to pour into the Boston area.

Last year, an estimated 220,000 attendees spent $54 million over the course of the event, according to a study by consulting firm McKinsey and Co. State and local governments took in another $4 million to $5 million in meals, hotel, and sales taxes during regatta weekend.

It obviously has a huge economic impact on the Commonwealth, said Fred Schoch, executive...