Retirement Blog

Thursday, March 10, 2011 4:16 pm
By Jennie L. Phipps · Bankrate.com

Controlling health care costs is an increasingly important part of retirement planning. Even if you’re already on Medicare, there can be expensive surprises. The most common is denial of payment for a prescribed drug — affecting about 20 percent of Medicare participants – says the Medicare Rights Center. Of those, about one in six, according to a

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Wednesday, March 9, 2011 3:40 pm
By Jennie L. Phipps · Bankrate.com

What’s going to happen to Social Security and Medicare? Humphrey Taylor, chairman of research giant Harris Interactive, has taken a personal interest in the latest Harris poll on the future of Social Security and Medicare. Taylor, who is 76 years old, has not yet taken retirement. He continues to work daily — except for 14

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Tuesday, March 8, 2011 4:46 pm
By Jennie L. Phipps · Bankrate.com

My accountant husband spent last weekend bent over the computer perfecting our retirement plan. He added up all of our expenses and eliminated costs that he didn’t believe we’d have going forward, like dog food; we put our poor Spike to sleep last week because he had bone cancer. I was assigned the job of

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Monday, March 7, 2011 3:53 pm
By Jennie L. Phipps · Bankrate.com

Former NBC commentator John Palmer, 75, has spent more than 40 years covering the news in all of the most exciting places. “I traveled the world on somebody else’s dime,” he says. After seven years on the “Today” show and three decades in the White House covering four presidents, from Jimmy Carter through George H.W. Bush,

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Sunday, March 6, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

I’m an admirer of 80-year-old billionaire Warren Buffett. Every year he writes a letter to the stockholders of his company, Berkshire Hathaway. In that letter, he sums up his view of the company’s business and the nation’s economy in terms simple enough that even those of us who aren’t investment geniuses can understand perfectly. In

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Friday, March 4, 2011 3:17 pm
By Barbara Whelehan · Bankrate.com

Some 401(k) plan participants don’t get mad about fees. They get even. Such was the case with workers at Bechtel Corp., a privately owned firm in the engineering, construction and project management business. Recently a U.S. District Court judge approved an $18.5-million settlement by Bechtel in an excessive 401(k) fee lawsuit filed by employees. The

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Thursday, March 3, 2011 4:34 pm
By Jennie L. Phipps · Bankrate.com

People engrossed in retirement planning have a lot of interesting ideas to share. Here are a few things that have arrived in my e-mail that are worth noting: Leonard McCracken, who on the occasion of his 107th birthday shared some of his financial acumen with us, also generated a little competition among the super-centenarian set.

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Wednesday, March 2, 2011 4:57 pm
By Jennie L. Phipps · Bankrate.com

How do you view the risk of running out of money in retirement? The Society of Actuaries examined data about the incomes and savings of people  between the ages of 45 and 80 and concluded that a third of them will retire with little more than their Social Security benefits. Another  third will have some

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Tuesday, March 1, 2011 2:48 pm
By Jennie L. Phipps · Bankrate.com

The Government Accountability Office took aim at two retirement planning tools during the past week. In two separate reports, it said: Beware of administrators pushing funds. Anyone who has a 401(k) should be cautious if the investment firm running the plan offers “education,” because this kind of advice could be little more than a sales

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Monday, February 28, 2011 5:00 pm
By Jennie L. Phipps · Bankrate.com

Here’s an off-the-wall retirement planning wrinkle. New rules take affect May 1 that make it much harder for creditors to garnish Social Security, veterans pensions, Supplemental Security Income and Social Security Disability from recipients who owe them money. The new U.S. Treasury rule requires all banks to determine whether an account contains these protected funds.

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