Retirement Blog

Monday, December 6, 2010 4:01 pm
By Jennie L. Phipps · Bankrate.com

The first decade of the 21st century is ending. Like it or not, you’re not getting any younger. Here are six retirement planning steps to take before 2011. No procrastinating! 1. Get the full 401(k) match from your employer. Before you get that last paycheck of the year, call HR and tell them to move

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Sunday, December 5, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

The deficit reduction panel, otherwise known as the National Commission on Fiscal Responsibility and Reform, released its final recommendations this week. One of the things it took aim at is tax-advantaged 401(k) savings accounts, an important part of most people’s retirement planning. The proposal would: Consolidate retirement accounts (401(k)s, IRAs, SEPs, etc., into one retirement

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Friday, December 3, 2010 3:17 pm
By Barbara Whelehan · Bankrate.com

“The Moment of Truth” has rattled a lot of special interests. That’s the name of the final report issued Wednesday by the Debt Commission. Eleven of the 18-member National Commission on Fiscal Responsibility and Reform cast their votes in support of the plan this morning, short of the 14 votes needed to issue a formal

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Thursday, December 2, 2010 4:54 pm
By Jennie L. Phipps · Bankrate.com

It’s hard for most of us to get a grip on how important it is to save for retirement, especially when retirement is 30 or 35 years away. Tom Totten, CEO of Nyhart, an actuarial and employee benefits consultancy based in Indianapolis, experimented with ways to get employees of one of his clients to understand why they

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Wednesday, December 1, 2010 4:52 pm
By Jennie L. Phipps · Bankrate.com

Working longer seems like a simple way to stretch retirement resources, but a lot of people obviously find this an unacceptable retirement planning option. At least, it appears that way based on a very unscientific measurement: the number of posted comments and e-mails I get every time I suggest it. Richard Johnson, senior fellow at

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Tuesday, November 30, 2010 3:30 pm
By Jennie L. Phipps · Bankrate.com

Estimates of retirement health care costs are daunting. Better factor them into your retirement planning. No matter who is doing the estimating, the bottom line is similar — about $250,000 for a couple retiring at age 65 and relying on Medicare, plus Medigap insurance. I broke the specifics down earlier this year, but here’s an

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Monday, November 29, 2010 4:44 pm
By Jennie L. Phipps · Bankrate.com

Now’s a good time to examine your 401(k) as the year ends and you get one year closer to retirement. Scott Holsopple, the CEO of Smart401k, a firm that works with individuals and employers, offers these suggestions for anyone managing a 401(k): Review your retirement accounts. How much have you saved so far? Review your

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Friday, November 26, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

Thursday — before Thanksgiving dinner — I read the results of a survey of Canadians that concluded they were better prepared financially for retirement than they were emotionally. The survey by Investors Group concluded that: Only 20 percent of working Canadians 45 years and older have a strong commitment to activities outside of work. 30

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Wednesday, November 24, 2010 3:00 pm
By Barbara Whelehan · Bankrate.com

My husband and I have a favorite place in the whole wide world. It’s our own backyard. On weekends, weather permitting, we sit on the porch swing, enjoying a view of natural preserve and marshland, partially obstructed by scrub palms. We observe cardinals darting in and out of the scrub brush, and listen to the

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Wednesday, November 24, 2010 9:49 am
By Jennie L. Phipps · Bankrate.com

Prudential Retirement, which manages 401(k)s for 3.7 million employees, announced this week that it is adding an FDIC-insured savings option to its plans. The Federal Deposit Insurance Corp., or FDIC, insures bank checking and savings deposits up to $250,000 in most circumstances. The FDIC doesn’t insure the sorts of investments most likely to be found

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