Retirement Blog

Sunday, November 7, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

Converting from a traditional 401(k) or 403(b) to a Roth 401(k) or 403(b) can be a very good retirement planning move if you think that you are in a lower tax bracket today than you will be when you retire. For instance, if you are unemployed and if you can afford to convert this year

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Friday, November 5, 2010 3:49 pm
By Barbara Whelehan · Bankrate.com

Half of American adults who have participated in a 401(k)-type retirement plan left their account at a previous employer, according to a new survey commissioned by ING Direct USA’s ShareBuilder. Nearly one in five leave $50,000 or more behind. “Shockingly, nearly 30 percent of these Americans fail to roll over their retirement savings into an

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Thursday, November 4, 2010 3:37 pm
By Jennie L. Phipps · Bankrate.com

The recently signed Small Business Jobs Act contains a provision that permits converting traditional 401(k) or 403(b) retirement accounts into Roth 401(k)s or 403(b)s. The bill was signed in late September and the specifics of it aren’t yet totally clear. For instance, the IRS hasn’t decided exactly which portions of your 401(k) that were contributed by your

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Wednesday, November 3, 2010 5:08 pm
By Jennie L. Phipps · Bankrate.com

Here’s some more retirement planning grist to consider if you’re dubious about the value of buying an immediate annuity to give yourself dependable retirement income. The National Retirement Risk Index, created by the Center for Retirement Research at Boston College, looked at preretirement incomes and calculated how much retirement income each household would need to

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Tuesday, November 2, 2010 4:05 pm
By Jennie L. Phipps · Bankrate.com

I wrote two days ago about a report that recommended eliminating the option to collect Social Security at age 62. The author, who is affiliated with the conservative think tank American Enterprise Institute also advocated leaving Social Security Disability as is and eliminating Social Security taxes for workers who have worked more than 35 years.

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Monday, November 1, 2010 4:39 pm
By Jennie L. Phipps · Bankrate.com

Lots of retirement planning advisers are urging people to take some of their retirement money and buy an immediate annuity with it. An immediate annuity is very different from a deferred annuity, which is a way to save money, and has had a bad rap because the fees can be astronomical. An immediate annuity works

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Sunday, October 31, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

I’ve already made up my mind that part of my retirement planning is to continue typing on this keyboard until my fingers don’t work anymore. So I’m inclined to believe that a proposal from the American Enterprise Institute, a conservative think tank, to get rid of the option to take Social Security at age 62

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Friday, October 29, 2010 11:30 am
By Jennie L. Phipps · Bankrate.com

The IRS yesterday announced the 2011 contribution limits on tax-advantaged retirement savings plans. Because inflation is low, most of the limits don’t change much for 2010. The employee contribution limit for 401(k)s, 403(b)s and 457(b) plans, and the federal government’s Thrift Savings Plan is unchanged at $16,500, although if you are over 50, you can

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Thursday, October 28, 2010 3:19 pm
By Jennie L. Phipps · Bankrate.com

If your retirement planning doesn’t leave enough money to pay off the car lease you committed to when times were better, here’s a possible solution. LeaseTrader.com, a website that helps people get out of leases they don’t want anymore, notes that baby boomers are among their best customers. About 29 percent — up from 21

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Wednesday, October 27, 2010 3:23 pm
By Jennie L. Phipps · Bankrate.com

Part of retirement planning is figuring out where you’re going to live. Two housing experts writing in Washington Monthly this month call for a federal housing policy that emphasizes urban living and public transit. Patrick Doherty, director of the Smart Strategy Initiative at the New America Foundation, and Christopher Leinberger, a professor at the University

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