Retirement Blog

Monday, August 23, 2010 4:29 pm
By Jennie L. Phipps · Bankrate.com

The state pension funds in 31 states are in jeopardy and could be exhausted by 2030, according to a new study by the Kellogg School of Management at Northwestern University. Within 10 years, the pension funds in Illinois, Louisiana, New Jersey, Connecticut, Indiana, Oklahoma and Hawaii are expected to be in particularly serious trouble. How

» Read more
Sunday, August 22, 2010 11:00 am
By Jennie L. Phipps · Bankrate.com

Fidelity Investments, the nation’s largest provider of workplace retirement savings plans, reported last week that in the second quarter savings were up, but hardship withdrawals from these 401(k)s also increased. Fidelity administers 17,000 plans, with 11 million participants. In the second quarter, some 62,000 employees initiated a hardship withdrawal, compared with 45,000 in the same

» Read more
Friday, August 20, 2010 12:39 pm
By Barbara Whelehan · Bankrate.com

If aliens invaded Earth and observed cigarette smokers on this planet, they would scratch the body part that contains their brains in an attempt to understand this peculiar behavior. Hmmm. Cigarettes: a leading cause of heart and respiratory disease, has repugnant odor, lingers on clothing, heavily taxed, costly in many ways. No apparent benefits. Why

» Read more
Thursday, August 19, 2010 3:20 pm
By Jennie L. Phipps · Bankrate.com

The necessities of retirement life that boomers identify are much more luxurious than previous generations enjoyed, according to a study by MainStay Investments, an arm of New York Life. The retirement planning study asked the opinions of 1,049 employed boomers age 45 to 65, with a total of $100,000 or more of investable liquid assets

» Read more
Wednesday, August 18, 2010 4:49 pm
By Jennie L. Phipps · Bankrate.com

Here’s a potential new retirement planning option that could be worth considering. John K. Lunde, president of Reverse Market Insight Inc., says the reverse mortgage business was off 40 percent in the first half of the year compared to the same period in 2009, but he thinks sales are going to pick up after Oct.

» Read more
Tuesday, August 17, 2010 4:23 pm
By Jennie L. Phipps · Bankrate.com

Picking an investment adviser who you instinctively trust to help you with your retirement planning may seem like the way to go, but it’s a lousy way to choose a money manager, says Warren Cormier, president of Boston Research Group and co-founder of the Rand Behavioral Finance Forum. Cromier points to Bernie Madoff as a

» Read more
Monday, August 16, 2010 4:32 pm
By Jennie L. Phipps · Bankrate.com

With mortgage rates at record lows, does it make the most sense to refinance a mortgage and pay it off before retirement, or to simply expedite payments in hopes of paying the current debt off more quickly? The answer isn’t obvious and it’s worth doing some calculations as part of your retirement planning. Let’s say

» Read more
Sunday, August 15, 2010 10:30 am
By Jennie L. Phipps · Bankrate.com

The housing downturn has had an interesting affect on my inner-ring suburban Detroit neighborhood. As housing prices declined, the people buying homes have gotten younger, dividing the blocks into homes owned by newcomer families with young children and homes occupied by older longtime residents, many of whom once thought they would sell and move to

» Read more
Friday, August 13, 2010 4:04 pm
By Barbara Whelehan · Bankrate.com

Pension problems of all types have come to light in recent weeks. Pension funding shortfalls have plagued both private and public plans over the past couple years, thanks in large part to market turbulence. Legislation aimed to alleviate the burden has passed at both the federal and state levels. Employers in the private sector can

» Read more
Thursday, August 12, 2010 4:55 pm
By Jennie L. Phipps · Bankrate.com

Saving for retirement is easier if you don’t have to think about it. Proposals for making IRA contributions automatic have been introduced in both the U.S. House and Senate. by Rep. Richard Neal, D-Mass., and Sen. Jeff Bingaman, D-N.M., respectively. The plan is simple. Employees age 18 and older who have been employed for at

» Read more
Page 116 of 122« First...102030...114115116117118...Last »