Career News 24/7: Reuters Money: Are we saving enough to retire? No (but we think we are)

Monday, September 24, 2012

Reuters Money: Are we saving enough to retire? No (but we think we are)

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09/24/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Are we saving enough to retire? No (but we think we are)

NEW YORK (Reuters) - Americans seem curiously confident that the cash they've squirreled away for retirement is sufficient.

Rising dementia among U.S. clients seen risky for brokers

(Reuters) - Taking direction from elderly clients whose mental capacity is on the decline causes some sticky problems for Wall Street's brokers.

Turkish lira has room to rise versus euro

(Neal Kimberley is an FX market analyst for Reuters. The opinions expressed are his own)

UK considers tapping pensions to help home buyers

BRIGHTON (Reuters) - Britain will allow parents to use money locked up in pension schemes to help their children obtain mortgages and buy their own home, Deputy Prime Minister Nick Clegg said on Sunday.

Older workers find livelihood in temping

CHICAGO (Reuters) - Growing numbers of older Americans who have struggled to find work in the wake of the Great Recession are doing something they once considered unthinkable: They are taking temporary jobs.

Hedge funds play 'catch-up' after missing rally

NEW YORK (Reuters) - Many U.S. hedge funds that have lagged the stock market rally in 2012 are now buying riskier stocks and commodities - and using more borrowed money - in an effort to play catch-up.

Lawmakers may push "fiscal cliff" deadlines into 2013

WASHINGTON (Reuters) - Slowly and quietly, the U.S. Congress may be arriving at a consensus on how to avoid falling off the "fiscal cliff" on December 31 - by simply putting off its own deadline for most of the major year-end budget and tax decisions.

Three ways to enhance yield in a QE3 environment: Wasik

CHICAGO (Reuters) - In what may be a last-ditch effort to resuscitate employment and economic growth, the Fed has embarked on a third round - QE3 - of buying Treasury and mortgage bonds to lower long-term interest rates and provide an incentive for companies to hire and banks to lend.

Equity funds worldwide see $17 billion after Fed action: EPFR

NEW YORK (Reuters) - Investors poured $17 billion in new cash into equity funds worldwide in the latest week, the most in over four years, in the wake of the Federal Reserve's aggressive announcement that it would purchase mortgage bonds to jolt the U.S. economy, data from EPFR Global showed on Friday.

Schwab cuts fees on ETFs in bid for market share

(Reuters) - Discount broker Charles Schwab Corp cut fees on its exchange-traded funds, seeking to gain market share for a three-year old product line that has badly lagged competitors.