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  • 2 Dead In Shooting In Olympia

    police-tapeThe Thurston County sheriff's office says a man and a woman have died in an Olympia-area shooting. Lt. Cliff Ziesemer says the woman was pronounced dead at the scene Wednesday afternoon. The man died while being transported to Providence St. Peter… Read More +

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  • Inslee Seeks Support For More Wildfire Money

    carltonfireGov. Jay Inslee and Lands Commissioner Peter Goldmark are asking Washington state's congressional delegation for their support in seeking additional money that could be used for fighting wildfires. The letter sent Wednesday comes a week after a dozen U.S. Senators, including… Read More +

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  • Cleveland Over Mariners 2-0

    mariners logo NewCorey Kluber had three-hitter to outpitch Felix Hernandez for his first career shutout, Yan Gomes had a two-run double and the Cleveland Indians beat the Seattle Mariners 2-0 on Wednesday night. The matchup between two of the top pitchers in the American League lived up to its billing. Kluber (11-6) held the Mariners to three singles and no walks while striking out eight.

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Gen Y Women Less Confident in Financial Planning than Boomers?

b_250_0_16777215_00_images_obgrabber_2013-09_5ce2401fd4.jpgFuse/Thinkstock(NEW YORK) -- Despite women working and earning more than ever before, many Generation Y females are not inclined to take the reins when it comes to retirement planning, according to an online survey. Instead, they defer to their mates. An unscientific study fielded by Fidelity Investments in May analyzed 1,616 individuals (or 808 couples) who were age 25 or older, married or in a long-term relationship, living in the same household and earning at least $75,000.

 

Of the 808 couples that opted into the 2013 Couples Retirement Survey, 109 were Generation Y, falling between the ages of 25 and 34.  Strikingly, only 12 percent of females in that age range identified themselves as the primary decision maker for day-to-day financial decisions, compared to 24 percent of female Baby Boomers polled.

"While a lot of progress has been made, it's critical for women to empower themselves by becoming equal partners managing the family finances and in long-term financial planning conversations," said Kathleen Murphy, president of Personal Investing at Fidelity.

One reason is the possibility of divorce.

According to Fidelity research, Americans may spend at least 30 years living in retirement, which is fine if you're spending eternity with the partner who did all the investing.  But with the current divorce rate at more than 50 percent, personal financial planning takes on a greater, if gloomier, significance.

"This prospect underscores the importance of both partners making sure they are equally prepared to make life's tough decisions should they ever have to go it alone; particularly women, who have a greater life expectancy," said Murphy.

Other findings in the survey suggest that even if you're going to go the long haul, more communication between partners is still needed: One in three couples disagree as to their ideal vision for retirement, with men envisioning hours logged playing favorite sports and women picturing more time for family and hobbies.

Copyright 2013 ABC News Radio

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