Retirement Blog

Tuesday, November 23, 2010 4:20 pm
By Jennie L. Phipps · Bankrate.com

Between now and Dec. 31 is open enrollment for Medicare. It’s a time for Medicare recipients to make changes in their plans. I’m also using this as an opportunity to talk about Medicare enrollment for new recipients, because many of the concerns are the same. I covered most of the important stuff yesterday, but I

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Monday, November 22, 2010 4:30 pm
By Jennie L. Phipps · Bankrate.com

The annual Medicare open enrollment started last week and runs through Dec. 31. Thinking about Medicare at this time is a retirement planning essential for anyone 65 or older. Here’s how to get your Medicare benefit right: Sign up on time. While initial sign up for Medicare doesn’t have a lot to do with open

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Sunday, November 21, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

I live in Detroit where practically everybody I know is entitled to a big pension. As someone who has been self-employed for the last 14 years, a substantial pension paycheck isn’t part of my retirement planning, and frankly, I’ve been a little jealous. According to a report from Investment Company Institute, my envy is misplaced.

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Friday, November 19, 2010 11:39 am
By Barbara Whelehan · Bankrate.com

We must be vigilant about our retirement accounts, protecting them from nefarious forces that threaten to inflict damage. Whether these forces involve market turbulence, fraudulent advisers or unfortunate circumstances such as job loss, it behooves us to keep careful watch over our assets. The U.S. Department of Labor reminds us this week that we shouldn’t

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Thursday, November 18, 2010 4:02 pm
By Jennie L. Phipps · Bankrate.com

My 86-year-old widowed mother-in-law keeps her money in places where inflation is the only risk – savings bonds and savings accounts at local banks. She and her friends complain daily about today’s rates and together watch for opportunities to get another point or two of interest. But none of them would ever consider putting their savings

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Wednesday, November 17, 2010 4:24 pm
By Jennie L. Phipps · Bankrate.com

More than 500,000 General Motors’ retirees and surviving spouses have been given a chance to buy shares in GM’s initial public stock offering. It’s a chance to buy in at the offering price, which GM said Wednesday will be $32 to $33 per share. In all, GM expects to sell as many as 478 million

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Tuesday, November 16, 2010 4:43 pm
By Jennie L. Phipps · Bankrate.com

Baby boomers are going to give new meaning to the phrase “home alone.” More than 80 percent of people older than 45, told AARP that they want to remain in their own homes as they age – even if they need special help. Consider what that could mean. According to the U.S. Census Bureau, in 1900,

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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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