“There’s no present. There’s only the immediate future and the recent past.”
– George Carlin
DID YOU KNOW?
Every time a ship goes through the Panama Canal, 52 million gallons of fresh water are used. The water flows out through the canal locks from nearby Gatun Lake.4
NEW STUDY: GENDER GAP IN RETIREMENT SAVING IS NARROWIING
For decades, men have on average saved more for their retirements than women. Historically, more women have tended to be stay-at-home parents or caregivers than men, thereby cutting into their lifetime earnings and savings potential. The good news: new research suggests that women are catching up.
MassMutual Retirement Services looked at participants in its retirement plans by gender this year and found more parity in savings balances and savings rates for men and women. The differential in average balance between women and men was 37.8% in Q2 2014; four years ago, it was at 40.5%. In the past year, the average retirement savings balance for women rose 17%, another step in a 71% increase since 2009. In the past year, women aged 35-54 deferred 42% more of their earnings into retirement plans than in 2013. (MassMutual actually found that deferral rates for men have fallen since 2010.) The key finding of the study: women at work seem to be “responding more favorably than men” to workplace efforts to encourage retirement saving.1
HOUSESITTING COULD HELP YOU EXPLORE MORE OF THE WORLD
Formalized through HouseSitMatch.com, TrustedHousesitters.com and other websites, housesitting has become a product of the sharing economy. It is gaining popularity, driven largely by homeowners who don’t want to put their pets through long kennel stays. Prospective housesitters usually pay
Once trust is earned, a written agreement between the parties is the next step. Housesitters still have to spend money on food and transportation costs, but housesitting lets them live like locals in a way that resort stays cannot.2
ON THE BRIGHT SIDE
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.
1 – lifehealthpro.com/2014/08/27/massmutual-women-are-closing-retirement-savings-ga [8/27/14]
2 – forbes.com/sites/nextavenue/2014/09/10/housesitting-a-fun-way-to-travel-the-world-on-a-dime/ [9/10/14]
3 – govexec.com/pay-benefits/retirement-planning/2014/08/heres-some-good-news-about-your-retirement-benefit/91502/ [8/14/14]
4 – miamiherald.com/2014/09/04/4327433/animals-and-trees-saved-replaced.html [9/4/14]