Retirement Blog

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

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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,

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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

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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

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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

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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

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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

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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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