Retirement Blog

Monday, November 15, 2010 4:44 pm
By Jennie L. Phipps · Bankrate.com

Last week MetLife announced that it was no longer going to sell long-term care insurance. The company said that it would continue to service the policies of its current 600,000 insured individuals, but it wouldn’t sell any new ones. While long-term care insurance is an important retirement planning hedge against being old and barely surviving,

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Sunday, November 14, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

If you need a little retirement planning inspiration, here’s some good news from Fidelity Investments, the nation’s largest provider of 401(k)s. Fidelity says that among its 11 million retirement plan participants, for people 55 years and older who contributed steadily to their retirement accounts for the last 10 years, the average balance went from $96,000 to $211,300.

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Friday, November 12, 2010 3:26 pm
By Barbara Whelehan · Bankrate.com

This week the 401(k) plan has been under attack by forces on all sides. “401(k)s fail millions of retirees,” decries a new report from Demos.org. Its argument: America’s retirement plans don’t provide security because of their high fees. Not to mention that their “benefits vary with the size of employer and employee contributions and the

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Thursday, November 11, 2010 5:01 pm
By Jennie L. Phipps · Bankrate.com

A deficit-slashing proposal by the National Commission on Fiscal Responsibility and Reform was released yesterday. Besides the section on Social Security I wrote about previously, it included a number of other tenets that could affect retirement and retirement planning. Some of them might even have a positive effect on our personal deficits. The committee would:

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Wednesday, November 10, 2010 4:54 pm
By Jennie L. Phipps · Bankrate.com

The National Commission on Fiscal Responsibility and Reform, the bi-partisan commission charged with identifying policies to balance the budget, released its initial report today and took aim at Social Security. Obviously, this is just the beginning of the discussion. However, any possible outcome is almost certain to have both an immediate and a long-term impact on

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Tuesday, November 9, 2010 5:50 pm
By Jennie L. Phipps · Bankrate.com

Over the past two years, the floundering national economy has put many people’s retirement planning on hold. It’s hard to move forward when home prices are unstable, Social Security seems undependable and investment and interest rates show no signs of improving. I think John Kalamarides, senior vice president of retirement strategy and solutions at Prudential

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Monday, November 8, 2010 3:44 pm
By Jennie L. Phipps · Bankrate.com

If your retirement planning includes managing your own investments after you stop working, here’s some counterintuitive advice from a professor at the University of Iowa, who has been studying the investment learning curve. Yiming Qian, an associate professor of finance in the Tippie College of Business, examined the trades of 31,000 individual investors and discovered

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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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