Retirement Blog

Monday, October 11, 2010 4:30 pm
By Jennie L. Phipps · Bankrate.com

The government announced last week that Social Security recipients won’t get a cost of living allowance, or COLA, increase this year. This is the second year in a row that they haven’t gotten a bump. If you are nearing retirement, this is worthy of concern. Social Security COLAs are calculated every October by comparing the

» Read more
Sunday, October 10, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

My husband and I own a second home on Lake Erie. When we bought it, we figured that it was unlikely we would ever spend our retirement there because it is too small and not configured very well for old people. Here we are, verging on being old people, and the value of real estate in

» Read more
Thursday, October 7, 2010 4:39 pm
By Jennie L. Phipps · Bankrate.com

For the last couple of years, Wayne Copelin, a financial planner and owner of Copelin Financial Advisors in suburban Houston, says his retirement planning clients are increasingly people in their early-to-mid 50s who want to retire right away because they feel they can’t cope with the changing and increasingly stressful corporate environment. Most of his

» Read more
Wednesday, October 6, 2010 4:33 pm
By Jennie L. Phipps · Bankrate.com

A lot of people are nervous about retirement in this crazy economy. We can’t take all of the uncertainty out of retirement planning, but almost everybody can make their retirement plan less of a crapshoot. Here are six can’t-miss strategies for reducing retirement agita: Get rid of the debt. Start with credit card debt. With average

» Read more
Tuesday, October 5, 2010 4:45 pm
By Jennie L. Phipps · Bankrate.com

Figuring out a strategy for long-term care is more complicated than just buying an insurance policy. Many people on the verge of retirement or already retired aren’t worried about long-term care for themselves. They’re struggling with long-term care for their aging parents who are too old to be covered by a long-term care policy. Caring.com,

» Read more
Monday, October 4, 2010 4:35 pm
By Jennie L. Phipps · Bankrate.com

In response to yesterday’s retirement planning blog, I received this e-mail – one of several notes from people with similar concerns. “I’m two years into unemployment and the benefits are running out. I’m 63 years old and there are no job prospects in sight. Taking Social Security early reduces benefits with no provisions for an increase

» Read more
Sunday, October 3, 2010 10:00 am
By Jennie L. Phipps · Bankrate.com

I keep seeing endless news stories and statistics about ruined retirements. Reading them is discouraging. It makes it sound like all of us are going to be dining on kibble, and I don’t think that’s true. So, I want to tell you about my neighbor, Jim, who is a savvy retiree who has figured out

» Read more
Friday, October 1, 2010 2:41 pm
By Barbara Whelehan · Bankrate.com

Fortune 1000 companies continue to freeze their pensions at a steady pace in this uncertain economy, according to a recent Towers Watson study. By freezing pensions, companies are effectively putting their defined benefit plans on ice by either closing off benefits only to new hires (known as a soft freeze), or halting all future benefits

» Read more
Thursday, September 30, 2010 5:23 pm
By Jennie L. Phipps · Bankrate.com

If you’re older than 70, now is the time to consider this year’s required minimum distributions, or RMDs, on your IRA and other retirement accounts. Everyone born before July 1, 1939, who has a non-Roth retirement account has to take their RMD this year. Last year, in the midst of the economic downturn, they were

» Read more
Wednesday, September 29, 2010 5:40 pm
By Jennie L. Phipps · Bankrate.com

Earlier this month, the Financial Industry Regulatory Authority, or FINRA, awarded a 79-year-old client of one of the nation’s largest mutual funds $110,000 to make her account whole again, compensate her for lost interest and pay her legal fees after her $700,000 retirement account got lost in the shuffle at the fund. I’m not going

» Read more
Page 117 of 128« First...102030...115116117118119...Last »