Posted by Elena del Valle on September 9, 2009
But how well do they understand the 401(k) plan? An overview of the lack of financial information in Spanish
(Part one of a two part article; part two will be published next week)
By Silvia Pingitore
Journalist, writer and illustrator
The study 401(k) plans in living color – published by the business consultant Hewitt Associates and the non-profit educational foundation Ariel Investments – made a large scale analysis of 401(k) participation by race, studying the ethnic disparities in retirement savings.
Examining 3 million 401(k) plans at 57 corporations among the largest firms in the United States, this landmark study has shown that African-American and Hispanic workers save significantly less for retirement than their white and Asian colleagues.
Click here to read part one of Latinos save less for retirement
“Happy for No Reason” audio recording
Presenter Marci Shimoff, author, Happy for No Reason
What: An audio presentation by Marci Shimoff and Q&A with Marci Shimoff and HispanicMPR.com audio program host Elena del Valle about finding happiness.
Available exclusively on HispanicMPR.com!
Click here to listen to a short interview with Marci
Click here for more information on “Happy for No Reason” audio recording with Marci Shimoff
Posted by Elena del Valle on September 4, 2009
Financial Self-Defense book cover
Attorneys Arnold S. Golstein, JD, Ph.D. and Hillel L. Presser, JD provide tips to readers about legal ways to safeguard their assets against lawsuits, divorce, creditors, bankruptcy, tax collections and foreclosure in their recently published book, Financial Self-Defense: How to Protect Everything You Own…From Everyone…Everytime! (Garrett Press, $16.95).
They believe that asset protection requires a proactive approach and a shift in attitude on the part of those wishing to safeguard their wealth. They say that too many people dedicate much time to accumulating wealth but little or no time to protecting the wealth they acquire, suggesting readers dedicate one minute to asset protection thinking for every hour of asset accumulation.
The 236-page paperback book is divided into twelve chapters: Planning, Strategies, For Your Home and Other Real Estate, For Your Investments, For Your Retirement Accounts, For Your Estate and Inheritance, For Your Business or Professional Practice, For Your Other Assets, Against Lawsuits, From Foreclosures, In Divorce, and Against the IRS.
Goldstein, a member of the Massachusetts and Federal bars, is a professor at Lynn University and a professor emeritus at Northeastern University where he received a Ph.D. He has written several other books on wealth protection which, according to promotional materials, are best sellers. He has 40 years of experience. He has, according to his website, represented 20,000 clients on wealth protection issues. Presser is co-founder of Presser/ Goldstein, LLC.
Click here to buy Financial Self-Defense
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Filed Under: Books
Posted by Elena del Valle on September 2, 2009
Frank Cooper, CMO of portfolio brands, Pepsi-Cola North America Beverages
Photo: Pepsi-Cola North America Beverages
Americans remain optimistic in spite of the recession and high unemployment, according to a recently released Pepsi Optimism Project (POP) national telephone survey. Ninety six percent of respondents were optimistic about their future. Those surveyed seemed to be more hopeful this year than in 2008 about issues relating to: Relationships with family and friends (91 percent versus 81 percent), overall well-being (88 percent versus 84 percent), health (86 percent versus 78 percent), finances (77 percent versus 64 percent), and chances of finding love (70 percent versus 61 percent).
“In 2008, our POP research informed us that there was a collective and contagious sense of optimism pervading the youth mindset. This year we see that same spirit of optimism is not only pervasive among the millennial generation but across all demographics,” said Frank Cooper, chief marketing officer of portfolio brands, Pepsi-Cola North America Beverages. “Representing a brand that has become synonymous with the spirit of youth and optimism, those of us at Pepsi are continuously encouraged by the resilience of Americans, across all ages, races, sex, location and economic background, people are embracing optimism, even in the most uncertain of times.”
The survey found African-American respondents were more optimistic than other ethnic groups. While 72 percent of African-Americans who responded to the survey were significantly more likely than whites (53 percent) or Latinos (60 percent) to expect more good things to happen to them than bad; and 62 percent of African-Americans were significantly more likely to associate the word “necessary” with optimism than whites (51 percent) and Latinos (52 percent). Wall Street types were also more optimistic than regular workers; 64 percent of city dwellers indicated they are more likely to be optimistic about an economic recovery than their counterparts (53 percent).
As part of the Pepsi Optimism Project, researchers surveyed 1,280 people 18 and older in the United States between June 11 and June 15 and between June 18 and June 22, 2009. The ongoing project tracks the national level of optimism on a quarterly basis, by measuring the national state of optimism via a composite score. Analysts determine the national optimism level by scoring and totaling American’s responses to survey questions about their overall sense of optimism, their sense of optimism about their personal lives, their optimism about the world and their optimism about the future.
The Optimism Survey was conducted on behalf of PepsiCo by StrategyOne, a New York strategic consulting. In addition to random digit dialing to ensure national representation, and computer-assisted telephone interviewing for optimal accuracy, a supplementary sample of Hispanics (N=186) and African-Americans (N=170) were surveyed.
The Pepsi-Cola North America Beverages (PCNAB), a division of PepsiCo, portfolio features Pepsi, Mountain Dew, Sierra Mist and Mug soft drinks. According to promotional materials, PepsiCo, has one of the largest roster of billion-dollar food and beverage brands, including 18 different product lines that each generate more than $1 billion in annual retail sales in over 200 countries. According to promotional materials, PepsiCo employs 198,000 people and in 2008 it generated more than $43 billion in revenues. A public relations representative of the company declined to share any information on the ethnic breakdown of customers, employees or their product preferences.
“Happy for No Reason” audio recording
Presenter Marci Shimoff, author, Happy for No Reason
What: An audio presentation by Marci Shimoff and Q&A with Marci Shimoff and HispanicMPR.com audio program host Elena del Valle about finding happiness.
Available exclusively on HispanicMPR.com!
Click here to listen to a short interview with Marci
Click here for more information on “Happy for No Reason” audio recording with Marci Shimoff
