Retirement Blog

Thursday, April 7, 2011 3:36 pm
By Jennie L. Phipps · Bankrate.com

Anyone budgeting for retirement can shave a few dollars off what they plan to spend on insurance by taking some smart steps, the industry-supported, nonprofit Insurance Information Institute points out. Here are their suggestions: Tell your insurance company you’re older than 55. There are discounts for that, so make sure you’re getting them. Take a

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Wednesday, April 6, 2011 4:02 pm
By Jennie L. Phipps · Bankrate.com

The retirement pundits are all taking aim at the proposal by U.S. House Budget Committee Chair Paul Ryan to dismantle Medicare and Medicaid in favor of a voucher system that could be used on the open market. I don’t want to be left out, so here’s my 2 cents: Boomers — those are the people

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Tuesday, April 5, 2011 3:19 pm
By Jennie L. Phipps · Bankrate.com

If you are one of the lucky people who are entitled to an old-fashioned defined benefit pension, you can feel encouraged that the likelihood that you’ll get the retirement benefits that are owed you is improving. The typical U.S. corporate pension plan was 88.5 percent funded in March, according to statistics published by BNY Mellon

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Monday, April 4, 2011 3:54 pm
By Jennie L. Phipps · Bankrate.com

Anyone who has diligently saved in hopes of being able to live off the income from their investments is being punished in the current economic environment. Retirees living on savings used to rely on income from easy to understand sources: U.S. Treasuries, bank certificates of deposit, municipal bonds and stocks whose returns were predictably positive

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Sunday, April 3, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

Don’t neglect to factor inflation into your retirement planning because it is almost certain to be a factor. Bill Simon, president and CEO of Walmart U.S., told USA Today that inflation is “going to be serious. … We’re seeing cost increases starting to come through at a pretty rapid rate.” Heaven knows, if Walmart is worried

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Thursday, March 31, 2011 3:43 pm
By Jennie L. Phipps · Bankrate.com

Projected lifetime health care costs for people retiring at 65 in 2011 declined $20,000 thanks to the changes in Medicare driven by the health care reform law signed in 2010, calculates Fidelity Investments, the nation’s largest provider of employee benefits. A reduction in out-of-pocket costs for prescription drugs made the biggest difference, Fidelity says, warning

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Wednesday, March 30, 2011 12:46 pm
By Jennie L. Phipps · Bankrate.com

I have a 101-year-old friend who lives independently and comfortably thanks to the foresight and financial acumen of her late husband, who died about 35 years ago, himself retired from a successful business career. Most of today’s women — including my friend’s 63-year-old daughter — need and want to look at retirement planning completely differently.

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Tuesday, March 29, 2011 9:41 pm
By Jennie L. Phipps · Bankrate.com

Here’s more evidence that staying the retirement savings course pays off. The National Center for Policy Analysis, a nonprofit, free-market think tank, calculated that savers who stayed the course from the bottom of the stock market in March 2009 to January 2011 saw a 77 percent increase in their money. In March 2009 alone, the

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Monday, March 28, 2011 2:40 pm
By Jennie L. Phipps · Bankrate.com

Baby boomers are changing the way they think about retirement, and in the process, driving the nation’s economy down a revised path. Federal Reserve Bank of Richmond Gov. Elizabeth Duke in a speech last week to economists shared some new information gathered by the Fed about how pre-retirees have been affected by the economic meltdown

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Sunday, March 27, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

I went to a conference this week for people who work in what’s known as “custom content.” Not very long ago that was called advertising, but in this era of Facebook, YouTube and Twitter, lots of old things get new names. I hadn’t been to a professional conference in a long time, and it surprised me

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