Retirement Blog

The Retirement Blog approaches the subject the way Gladys Kravitz from the old sitcom “Bewitched” might -- by poking a finger through the blinds, hoping to figure it all out, even the bewildering parts. The blog focuses on the financial issues that ordinary retirees might encounter, with an emphasis on topics like managing 401(k)s, IRAs, Social Security, Medicare and the rapidly disappearing old-fashioned pensions. Even if you have a couple of million bucks in the bank, you might find useful information here, but mostly we try to keep average folks up to date on what it takes to retire comfortably. See the latest Retirement Blog posts below.
Monday, January 10, 2011 4:22 pm
By Jennie L. Phipps · Bankrate.com

I wrote yesterday about 107-year-old Leonard McCracken, who has had a rigorous savings and investment plan before and throughout retirement. But most of the rest of us haven’t been as smart. A recent survey by the Society of Actuaries on retirement planning and living to 100 concluded: Forty-eight percent of Americans aged 45-70 have no financial

» Read more
Sunday, January 9, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

Eight years ago, at age 99, Leonard McCracken failed the eye test for renewing his driver’s license. He put his Lincoln Continental up for sale and got $1,600. “I sold it in three days — I got a good price. I love to haggle,” he says. McCracken, who lives in Florida, has been living in

» Read more
Friday, January 7, 2011 3:58 pm
By Barbara Whelehan · Bankrate.com

Retirement planning involves sacrificing a portion of what we earn today and investing that money in the hope that one day we’ll have enough assets from which we can draw an income. But the Social Security and Medicare systems operate differently, taking a portion of earnings from today’s workers to pay for the needs of

» Read more
Thursday, January 6, 2011 3:38 pm
By Jennie L. Phipps · Bankrate.com

My 85-year-old mother-in-law, who lives in New Jersey, has a chronic problem that the docs think requires some tests. They put her in the hospital on Monday, and it’s now Thursday. Inexplicably, the tests still haven’t been done, but Medicare undoubtedly has been billed for four days. Meanwhile, my mother-in-law is waiting patiently and without

» Read more
Thursday, January 6, 2011 9:30 am
By Jennie L. Phipps · Bankrate.com

For its February retirement planning issue, Consumer Reports surveyed 24,270 online subscribers age 55 and up about their finances and satisfaction with their lives. The results were clear: You don’t have to be rich to be happily retired. The survey found that: 75 percent of retirees with more than $1 million in net worth were

» Read more
Wednesday, January 5, 2011 9:35 am
By Jennie L. Phipps · Bankrate.com

I listened Tuesday morning to some economic gurus from Prudential Financial talk about the issues facing people doing retirement planning. Jamie Kalamarides, senior vice president for Prudential Retirement, boiled it all down to one word — savings. Prudential manages retirement plans — mostly 401(k)s for thousands of companies and millions of employees. Kalamarides said Prudential supports

» Read more
Monday, January 3, 2011 2:53 pm
By Jennie L. Phipps · Bankrate.com

When you next go to the doctor’s office for your annual Medicare-paid-for physical or if you just turned 65, your Welcome-to-Medicare physical — a new benefit this year, thanks to health care reform — the doc may want to talk about your death. Don’t get scared. It’s happening to everybody eligible for Medicare. Beginning this

» Read more
Sunday, January 2, 2011 10:00 am
By Jennie L. Phipps · Bankrate.com

A reader of this blog, who also works with the AARP Tax-Aide program, points out that January is the time to make sure that you are going to have money available to pay not only this year’s taxes, but also next year’s. It’s a retirement planning basic. The AARP program offers free tax assistance to

» Read more
Thursday, December 30, 2010 9:10 am
By Jennie L. Phipps · Bankrate.com

It’s almost 2011 — the first year that baby boomers will officially become senior boomers. One baby boomer will reach 65, the traditional retirement age, every eight seconds for the next 18 years, according to the U.S. Census. As a result, the population age 65 and older will increase 79 percent between 2010 and 2030.

» Read more
Wednesday, December 29, 2010 2:37 pm
By Jennie L. Phipps · Bankrate.com

There are only two days left of 2010, but there’s still time to take a few last-minute retirement planning steps. Save more. Hurry down to human resources and contribute enough to your 401(k) retirement account to get the full employer match for 2010. Otherwise, you are throwing away money. Take your RMD. If you’re older

» Read more
Page 120 of 138« First...102030...118119120121122...130...Last »