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Financial Finesse, the nation’s leading US provider of unbiased workplace financial education, has released its third and final special research report for 2011 on the state of employees’ retirement preparedness. Report shows employees continue to make improvements to finances and increase focus on retirement but are not doing enough to adapt to the “new normal” Download a PDF of the release here. The report found that the overall state of US employees’ retirement preparedness remains low despite a positive trend in employees improving their finances and putting heavier emphasis on retirement planning. According to the report: • Most employees have never run a retirement projection despite their income or age. Fifty-seven percent of employees at pre-retirement age, between 55 and 64, said they had not run a calculation to estimate whether or not they were on track to replace 80% of their annual pre-retirement income (or their goal) in retirement. This number grew with younger generations: 68% of employees age 45-54, 67% of employees age 30-44, and 73% of employees under 30 indicated they had not run a calculation and didn’t know if they were on track to retire. Scott Drake Interviews Financial Finesse Resident Advisor Michael Smith.for Annuity News Now www.annuitynewsnow.com

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For more news visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Follow us on Facebook ☛ facebook.com Mexican authorities arrested one of the main operators of a powerful drug cartel. Tens of thousands of people have died since the crackdown on drug cartels began four years ago. On Wednesday the Mexican army announced the capture of one of the main financial operators in the country for the powerful Zetas drug cartel, a splinter group now battling the Gulf cartel. [Colonel Ricardo Trevilla, Army Spokesman]: “Quintanilla Soriano kept a close relationship with the main leaders of this criminal structure, Heriberto Lazcano and Miguel Angel Trevino. And before being the main financial operator within this criminal organization he was the main accountant in different states, where Los Zetas has presence, mainly in Veracruz, San Luis Potosi and Coahuila.” The army said they arrested Quintanilla Soriano and his assistant on Tuesday in the city of Saltillo in Coahuila state. Both men were armed at the time of their arrest. [Colonel Ricardo Trevilla, Army Spokesman]: “The arrested were found in a building they used as a safe house. We seized two rifles, a gun, four vehicles, communications equipment and miscellaneous documents from them.” Troops said Quintanilla Soriano frequently traveled to Monterrey, Saltillo and Monclova to coordinate accounting aspects and pay off authorities at the service of the cartel. More than 42000 people have died in Mexico over the past four …

With a number of parents getting ready to send their sons and daughters off to their freshman year in college, it’s important for families to be prepared for the financial challenges.

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