Retirement Blog

Tuesday, September 28, 2010 4:01 pm
By Jennie L. Phipps · Bankrate.com

If you are getting married, especially for the second or third time around, part of your retirement planning should likely be a prenuptial agreement. Prenups for retirees or those close to retirement are becoming increasingly common, says Marlene Eskind Moses, president of the American Academy of Matrimonial Lawyers and a family law practitioner in Nashville,

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Tuesday, September 28, 2010 10:44 am
By Jennie L. Phipps · Bankrate.com

Some wealthy people are worried just like the rest of us that they won’t have enough money to quit working when they they hit retirement age, according to a survey by Barclays Wealth, which manages money for high-net worth people worldwide. Barclays says retirement anxiety isn’t unique to the U.S. People in emerging economies also

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Sunday, September 26, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

Poor retirement planning can leave a recent widow or widower with no cash at a time they may need it most. Until the estate is settled — a process that can take months — the bereaved spouse or partner won’t have access to accounts that were held in one name only, unless the account owner

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Friday, September 24, 2010 2:41 pm
By Barbara Whelehan · Bankrate.com

House lawmakers yesterday passed a bill that contains a provision giving Americans a little more control over their retirement fates. It is part of the Small Business Jobs Act, passed by the Senate earlier this month. President Barack Obama is expected to sign it into law on Monday. The legislation provides Americans with “much needed flexibility

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Thursday, September 23, 2010 3:34 pm
By Jennie L. Phipps · Bankrate.com

If you’re a grandparent whose retirement planning includes giving a grandchild a substantial amount of money, this is the year to do it. Eric Reis, partner in the Dallas law firm of Thompson & Knight, points out that last year there was a gift tax of up to 45 percent and a generation-skipping transfer tax

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Wednesday, September 22, 2010 3:50 pm
By Jennie L. Phipps · Bankrate.com

I told my husband last night that I was going to write about ex-spouses being able to claim Social Security benefits on their ex’s work record and he got pale. But here’s some retirement planning good news. It wouldn’t cost my husband any money whatsoever if his ex-wife filed for Social Security based on his benefits.

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Tuesday, September 21, 2010 5:21 pm
By Jennie L. Phipps · Bankrate.com

A lot of the talk  about retirement planning focuses on big dollars — $1 million 401(k)s and maxing out Social Security by holding out until age 70, when you could potentially collect nearly $50,000 per year. For most people, retirement doesn’t work out this way. According to the U.S. Census Bureau, in 2008, the median

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Monday, September 20, 2010 4:12 pm
By Jennie L. Phipps · Bankrate.com

70-year-old Dodger manager Joe Torre is walking away from his job with no new offers in sight. “It’s a decision you make without a safety net,” he told the national press. He says he’s healthy and willing to work, but we know the market for 70-year-olds isn’t great, even for those who are nine-time baseball

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Sunday, September 19, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

About two-thirds of America’s grandparents have give financial support to their grandchildren in the last five years — 40 percent for general uses and 26 percent for education, says recent research from the MetLife Mature Market Institute. The poll found that the less money people have, the more likely that they are going to be spending

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Friday, September 17, 2010 2:07 pm
By Jennie L. Phipps · Bankrate.com

Disability throws a wrench into many people’s retirement planning. Three in 10 workers will become too disabled to work before they are ready for retirement, the Social Security Administration calculates. A study by Northwestern Mutual, which sells annuities and disability insurance, finds that a two-year disability at the age of 50 can reduce total investment

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