Light rain

51°F

Shelton, WA

Light rain
Humidity: 96%
  • Astros Beat Seattle 5-2

    mariners logo5Collin McHugh struck out a career-high 12 in his season debut, and Jason Castro, Chris Carter and Matt Dominguez homered to lift the Houston Astros to a 5-2 win over the Seattle Mariners on Tuesday night. McHugh (1-0), called up from Triple-A Oklahoma City for the start, struck out the first three batters of the game to set the tone for his first win in 10 career starts.

    Read More
  • 1

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

  1. Environment
  2. Recreation

Tweets

wspd2pio
wspd2pio - has minor damage and there are no injuries. The two car collision that she originally responded to has minor injuries.

5 hours ago

wspd2pio
wspd2pio - The trooper was responding to a blocking disabled while also en route to a two car collision. Serious multi-tasking! The trooper's car...

5 hours ago

wspd2pio
wspd2pio - The first vehicle hit the trooper's car after being hit by the car that fled the scene. Second time in three nights that a WSP car was hit.

5 hours ago

wspd2pio
wspd2pio - Update: it appears the first vehicle was slowing as it approached the trooper and was struck by another car which fled the scene.

5 hours ago

Public Notices